ESTIMATE LOAN ENTITLEMENT

In order to make a quick decision on purchasing a property, buyers should check with their bankers on how much loan one is entitle to. Sometimes the result will come in a day or two but if you know your total income & commitment, buyers can roughly do a calculation basing on the below formula. Most banker uses a benchmark of below 70% ( < 70%) as favourable level, yet there are some banks who has a different benchmark such as below 80% or even  below 60%.

From the calculation, house buyers can hunt specific property within their means.

Happy House Hunting!!!