• Credit history does not affect the approval results • No handling, valuation or application counsel fees • All is set in one working day • No income proof is required • No financial statement is required for businesses • No penalty interest for advance repayment
General conditions for bank loans
• Satisfactory credit history is required • 1-2% handling fee; Counsel fee is borne by the borrowers • Takes 2-3 weeks to approve • Income proof or salary slips for the past 6 months • 3 years of financial statements are required • Penalty interest for advance repayment
*Customers must file their applications before 11am with the full set of documents. The time needed for loan assessment depends on the type of property and its condition. Konew reserves the right to cancel any loan promotions anytime and the final approval right of loans.
1st step: Submit your application and property details in person or via phone calls, fax or our website.
2nd step: Preliminary approval, which takes only 15 minutes
3rd step: Customer will be notified of the preliminary approval result, interest rate, installment amount, etc.
4th step: Customer visits our office in person with the required documents to complete the loan application
5th step: Customer signs the agreement at the solicitor’s office and the loan is available for drawdown within 24 hours*
*Customers must file their applications before 11am with the full set of documents. The time needed for loan assessment depends on the type of property and condition. Konew reserves the right to cancel any loan promotions anytime and the final approval right of loans.
In general, properties obtained through a deed of gift are eligible for mortgage loans 3 years after the title transferred. Under special circumstances, Konew may exercise discretion for transfers less than 3 years.
Yes, mortgage loans against jointly owned properties require the consent from all owners. The loan application process of Konew Financial Express is very simple. Only one owner/trustee needs to show up at the time of submitting the loan application. When signing the formal lending agreement, all joint owners must be present in order to complete the loan application.
Yes, but only after the completion of the probate procedure. Konew may arrange solicitors to handle the procedures on behalf of the customers. Under special circumstances, Konew may also pre-approve part of the loan before the completion of probate process.
Yes. If a property owner is over 60 years old, he/she may apply for a loan as long as a young person who is capable of working provides a guarantee. Certainly, if the borrower is able to prove that his/her ability to work despite over 60 years of age, it is possible that he/she may not need a guarantor when applying for loan.
Yes. We will set up a stand-by credit limit for existing customers of Konew Financial Express to shorten the re-approval process. This can quickly help property owners to solve their urgent funding needs.
Customers of Konew Financial Express may request to sell the mortgaged property anytime during the loan tenor. The property owner should inform us as soon as he/she and the buyer have agreed on the price and signed the provisional sale and purchase agreement. The completion date will be taken as the cut-off date. We will calculate the full amount of the repayment as quickly as possible.
Still Need Help? If you have further queries, or your questions were not fully addressed in the FAQs, please call (852) 2110 2110 for further assistance.