Hi Everyone!!! I want to apply for renovation loan but I don't know if I am eligible.
1) Basic Salary: $2600
Gross $6k-$9k per month.
2) I just work with the current company for 9 months only. Before I join this company I worked as a freelance(no payslip). Cpf contribution only show 9 months.
3) I had checked my credit bureau report it shows GX. No outstanding loan with any banks.
4) Will the bank need 12 month payslip?
5) My gross pay for 9 months of work already reach $58k
My ID quote me $40k to renovate the whole 5 room house. Anyone knows how the bank calculate or any chance bank will approved my renovation loan?
Thank-you.
31/07/2020