Step 1: Check Loan Eligibility
Assess your financial capability and get pre-qualified by banks.
Step 2: Property Unit Selection
Choose your preferred unit from the available options.
Step 3: Registration
Pay the booking fee and complete the registration forms.
Step 4: Submit Loan Application
Apply for a housing loan through your selected bank.
Step 5: Letter of Offer Signing
Review and sign the bank's Letter of Offer upon loan approval.
Step 6: Execution of Sale & Purchase Agreement (S&P)
Sign the S&P agreement with the developer.
Step 7: Sign Form MOT & MOC (For Malay Reserved Property)
Must be signed in front of the District Officer.
Step 8: Signing of Loan Agreements
Sign the legal documents related to the housing loan.
Step 9: Application for EPF Withdrawal (if applicable)
Apply through EPF to use Account 2 for housing purposes.
Step 10: Vacant Possession
Receive keys and take ownership of the completed property.
Submit Loan Application
Complete the application form and submit it with all required documents.
Bank/Finance Company Interview
Attend an interview or discussion session with the bank/finance officer.
Loan Approval & Letter of Offer
Receive a Letter of Offer once your loan is approved.
Acceptance of Offer
Sign and return the Letter of Offer to the bank/finance company and provide a copy to the developer.
Instruction to Solicitor
Bank/finance company instructs their solicitor to prepare loan documents (including MOT & MOC).
Execution of Loan Documents
You will be advised to sign the documents at the solicitor's office.
Progressive Release of Payment
Bank/finance company disburses payment to the developer according to the Third Schedule of the Sale & Purchase Agreement, upon receiving an invoice.
The Employees Provident Fund (EPF) allows members to withdraw from their Account 2 to finance the purchase of a house.
Visit EPF Website for Detailed Process