Pre Approval
Step 2: Pre Approval
When we take a formal application from you we will ask for documentary proof of your income, proof of your savings and payment histories on existing loans you have and submit the application to our Loans Department for a preliminary approval.
It isn't necessary for you to have found the house you want to buy just yet as we only need a rough idea of your price range. Assuming everything goes well, the preliminary approval you get will be subject to you finding a property that represents suitable security for us.
Getting a preliminary approval before you go house hunting gives you the advantage of knowing the maximum amount you can borrow. You won't waste any time looking at properties that don't fit your price range and having that approval will give you confidence when it comes to negotiating a price.
Step 3: Finding a Property
More on Finding a Property
