Can i engaged multiple contractor for 1 bank loan?

[Md Ridhwan 0]

Hi all,

 

I would like to know if it's possible to have renovation bank loan with 2 different contractor.

Example

Contractor 1 - Quote $10,000 

Contractor 2 - Quote $15,000 

Reno bank loan of $25,000

 

Thank you in advance!

[Mushiii 0]

i saw 1 post here saying ID suggested loan to be split by diff banks, is that what you mean?

[kachan 2]

Should not have a problem with this...

[Md Ridhwan 0]

On 11/21/2016 at 1:19 PM, Mushiii said:

i saw 1 post here saying ID suggested loan to be split by diff banks, is that what you mean?

I mean, 1 Bank with 2 different contractor or ID.

 

19 hours ago, kachan said:

Should not have a problem with this...

So i just have to take the quote from the 2 contractor and show it to the bank? 

 

 

Thank you guys for replying.

[Mushiii 0]

ohh, then i'm not very sure! sorry