If you’re ‘debt-free’ with no credit card, you’re more likely to be approved for a home loan.Without it, banks wouldn’t know how financially disciplined you are, and how likely you will repay your home loan. So, if you’re already thinking about buying a property, make sure to sign up for a credit card at least 6 months before you submit a loan application.Every time you get rejected, your chance of getting a loan is reduced.
Now that you know why most home loans get rejected, you’re one step closer to owning your dream home.PropertyGuru Loan Pre-Approval is the only loan solution that allows you to know for sure how much home loan you can get from the bank. With this, you can:
Loan rejected because the price of the houses are ridiculously high that one simply could not afford it!
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