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1. What is the Home Equity Loan?
If you are an individual, you are still able to make use of the Home Equity Loan for your personal use.
If you are a company owner with a private residential or commercial property in Singapore under your personal name, you will be able to use it as collateral for a business loan.
This form of financing in Singapore is called Home Equity Loan, sometimes known as property cash out.
You can borrow up to 80% of the value of the property up to S$10,000,000. Amounts over S$10,000,000 are possible but require greater due diligence.
Payment can be structured into equal monthly installments or interest only payments over the loan period from between 1 to 20 years. This allows the borrower to use equity that might otherwise be tied up in the property for the personal or business use.
2. What documentation is required?
The following documentation is required for an application
For Companies
| Documentation | Mandatory |
|---|---|
| 6 months company bank statements | Yes |
| 2 Years Profit Loss and Balance Sheets | Yes |
| 2 years Director’s Income Tax | Yes |
| Property Address for Valuation | Yes |
| Outstanding Loan Statement (if any) | Yes |
For Individuals
| Documentation | Mandatory |
|---|---|
| NRIC of all borrowers | Yes |
| Latest Payslip or Notice of Assessment | Yes |
| Latest CPF statement | Yes |
| Outstanding Loan Statement | Yes |
3. How long is the application time?
The application time for an initial assessment till approval is approximately 5 to 7 business days.
Conclusion
Home Equity financing can be a useful product for business owners or individuals I n Singapore who have a private property. This allows them to grow their business by unlocking the equity in their property which can then be used for cash flow or for business expansion or for their own personal investment.
Types of Equity Financing
Private Property
Gear Up
Vessel
Financing
Machine
Financing
Business owners who own a Private or Commercial property can opt for the private property gear up loan. The proceeds are pledged to the business and the business is able to use it for cashflow or business operations. The payment is also very flexible with schemes such as interest payments only. This allows business owners more capital for deployment.
Vessel Financing allows business owners to pledge the vessel they own in return for financing. This process might take slightly longer as there’s a full range of due diligence to be done. This is a viable option for ship or vessel owners to take advantage of their assets.
If the business has machinery or equipment with value that belongs to the business they can pledge it in return for an LTV on the value of the asset. Typically the LTV can be up to 60-70% of the machine’s value. Businesses can thus make use of their physical machines for financing to grow their business further.
Floor Stock
Financing
Share Pledge
Financing
Stock Pledge
Financing
If you deal in automobiles, we can structure floor stock financing for you. This allows you to finance the stock in your showroom allowing more of your clients to look at available vehicles. This helps dealers allowing their customers to try out more ready models and has an effect of increasing sales on –site.
For Listed Companies, Share Pledge Financing can be a viable option. The Company or Significant Shareholders pledges the shares they own and in return obtains financing on a percentage or LTV( Loan-To-Value) of the current Share Price
Similar to Share Pledge Financing, Stock Pledge Financing can be a viable option. The Company or Significant Shareholders pledges the shares they own and in return obtains financing on a percentage or LTV( Loan-To-Value) of the current Share Price
Stock/Share
Loans
For listed companies that require capital – their majority shareholders can pledge a % of the shares held by them in return for an LTV on their value of their shares. The process is fast and easy and allows listed companies to generate capital quickly and easily.
Why have Equity Financing?
For Cashflow
All busineses needs working capital to enable they day to day operations. If busineses do not have enough cashflow, it could mean a breakdown in operations, such as missing payroll and not paying suppliers or bills. Having the necessary cashflow enables you to carry out business operations smoothly and without interruption.
Equity Can help raise the cashflow needed by structuring a business loan for you. With our qualified specialists , the application is quick and simple and we do all the work between you and the banks. Upon an enquiry, we usually respond within 3-4 hours, so you can obtain financing quickly and easily.
Require a loan? Here’s why you should choose equity
Equity Financing can be used to purchase stocks and goods for upcoming projects. For example, a construction company has just been awarded a project for a building and the firm now requires to purchase the necessary equipment and materials needed. In addition, manpower costs also have to be paid for.
With the assistance of Equity Financing , this construction company can now carry out the project while servicing a low monthly installment for the business loan. Once the project has been completed, the business can decide to pay off the loan.
Equity Can help apply for a business loan for you with all banks in Singapore. With our qualified specialists , the application is quick and simple and we do all the work between you and the banks. Upon an enquiry, we usually respond within 3-4 hours, so you can obtain financing quickly and easily.
What is the Criteria to obtain Equity Financing in Singapore?
Equity Financing can be tricky, often than not, the business owner is an expert in all things related to his business. However, when it comes to financing, SME’s are unfamiliar navigating the different criteria and other requirements that the banks require.
Equity Can help cut through the red tape quickly and easily . With our experienced loan specialists , the application is quick and simple and we do all the work between you and the banks. Upon an enquiry, we usually respond within 3-4 hours, so you can obtain financing quickly and easily.
What is the best Bank To apply for Equity Financing?
There are many banks in Singapore offering equity finance. In fact, each bank has their own set of different criteria for the same product. This sometimes can be confusing for business owners.
Equity can help apply for equity financing for you quickly and easily and directly with the banks. We are familiar with the criteria and can get you financing. seamlessly and without all the red tape so you can concentrate on growing your business.
How It Works
- Make a Free Enquiry.
- An Equity financing specialist will reach out to you for some simple details.
- We work together with you for the documentation.
- You relax and we do the heavy lifting for you.
- We contact you when its approved for signing down the loan.
