FAQ

Advantages of Konew Financial Express

    • 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.

To apply for mortgage loans at Konew Financial Express, applicants only need to prepare few documents: title deeds/mortgage repayment statement, demand for rates, and demand for management fees.

The loan tenure is flexible, from 3 months to 10 years. Customers may decide the loan tenure based on their repayment ability.

To provide excellent and reliable mortgage loan service to our customers, Konew entrusts sizable law firms in Central to handle all loan applications.

1^st step: Submit your application and property details in person or via phone calls, fax or our website.

2^nd step: Preliminary approval, which takes only 15 minutes

3^rd step: Customer will be notified of the preliminary approval result, interest rate, installment amount, etc.

4^th step: Customer visits our office in person with the required documents to complete the loan application

5^th 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.

It usually takes about 15 minutes. Then, our customer service officers will inform customers about the approval result.

Interest-only loans: Borrower repays the monthly interest only. The entire principal will be settled when the agreement expires.

Principal and interest loans: Similar to repaying mortgage loans at banks, every installment includes the amortised principal and interest.

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.