Financial Land and Construction Loan
Financial Land and Construction Loan
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Oct 11 2017, 06:01 PM
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Senior Member
1,863 posts Joined: Aug 2014 From: Soviet Sarawak - Dum Spiro Spero |
if i have a piece of land already.. inherited. can i still do get the construction loan? wanna get the loan to build and design the house.. how much will i get ? 85% of total construction cost? or 90?
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Jan 29 2020, 03:27 PM
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Junior Member
53 posts Joined: Oct 2010 |
Im bringing up this thread again..
I have a house (still paying loan) with extra land about 30feet width, im planning to extend & expand my house into double size for my family.. My question is: -which bank offers this kind of loan? -is this considered as "construction loan"? |
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Jan 29 2020, 03:50 PM
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Senior Member
2,396 posts Joined: Aug 2016 |
QUOTE(supergirl1990 @ Jan 29 2020, 03:27 PM) Im bringing up this thread again.. Why don’t you walk into the bank and speak to the manager? Think it’s easier.I have a house (still paying loan) with extra land about 30feet width, im planning to extend & expand my house into double size for my family.. My question is: -which bank offers this kind of loan? -is this considered as "construction loan"? |
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Jan 29 2020, 04:23 PM
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Junior Member
53 posts Joined: Oct 2010 |
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Jan 29 2020, 04:31 PM
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Senior Member
2,396 posts Joined: Aug 2016 |
QUOTE(supergirl1990 @ Jan 29 2020, 04:23 PM) i read thru this thread d, not all bank offer this kind of loan.. Lol! True enough. But with this kinda of market condition, I'm not sure if any bank is willing to extend.that's why still easier to ask here instead of walk into every bank and look for their "always pretend busy" manager. |
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Jan 29 2020, 05:51 PM
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Senior Member
4,864 posts Joined: Nov 2008 |
QUOTE(supergirl1990 @ Jan 29 2020, 03:27 PM) Im bringing up this thread again.. Try refinance your current housing loan so that you can get the cash to expand your house. Pls don't ask me which bank to do refinance.I have a house (still paying loan) with extra land about 30feet width, im planning to extend & expand my house into double size for my family.. My question is: -which bank offers this kind of loan? -is this considered as "construction loan"? |
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Aug 2 2020, 12:17 AM
Show posts by this member only | IPv6 | Post
#27
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Junior Member
520 posts Joined: Jul 2011 From: Selangor |
I'm looking for a financing facility for an own house construction.
All the necessary plans and approvals are in place. Saw few bank names are mentioned here - CIMB, OCBC and Citibank. Appreciate if anyone can share an updated list of banks offering such package. |
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May 18 2022, 07:55 AM
Show posts by this member only | IPv6 | Post
#28
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Junior Member
463 posts Joined: May 2010 From: Land below the wind |
QUOTE(BoonieTan @ Aug 2 2020, 12:17 AM) I'm looking for a financing facility for an own house construction. I am looking for one too. I have a land. Looking for financing options to build my first house.All the necessary plans and approvals are in place. Saw few bank names are mentioned here - CIMB, OCBC and Citibank. Appreciate if anyone can share an updated list of banks offering such package. You can check affin bank. For those banks that you listed above, do you know what is its interest rate? |
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