Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Applying housing loan after starting new job

views
     
TSninty
post Dec 21 2020, 07:51 PM, updated 5y ago

Getting Started
**
Junior Member
122 posts

Joined: Nov 2007


Hello all

I'm currently thinking of buying an apartment, ~500k.
The issue is that I just resigned few days ago, and will be starting my new job after New Year's (the pay is a lot better)

However I understand that banks are reluctant to offer loans if you're just starting out a new job.
Will I need to wait 3/6 months before applying? Don't want to miss out on the HOC.

Thanks for reading.
ChuanHong
post Dec 22 2020, 11:31 AM

I <3 Xperia
*******
Senior Member
4,412 posts

Joined: Jan 2013


QUOTE(ninty @ Dec 21 2020, 07:51 PM)
Hello all

I'm currently thinking of buying an apartment, ~500k.
The issue is that I just resigned few days ago, and will be starting my new job after New Year's (the pay is a lot better)

However I understand that banks are reluctant to offer loans if you're just starting out a new job.
Will I need to wait 3/6 months before applying? Don't want to miss out on the HOC.

Thanks for reading.
*
doesnt matter as long as you could prove you have sufficient capability to support the loan.. offer letter can be 1 of your supporting..
dannychen
post Dec 22 2020, 02:08 PM

Regular
******
Senior Member
1,263 posts

Joined: Dec 2009
they will call to your HR to verify.
Zwean
post Dec 23 2020, 11:51 AM

Regular
******
Senior Member
1,269 posts

Joined: Dec 2019
QUOTE(ninty @ Dec 21 2020, 07:51 PM)
Hello all

I'm currently thinking of buying an apartment, ~500k.
The issue is that I just resigned few days ago, and will be starting my new job after New Year's (the pay is a lot better)

However I understand that banks are reluctant to offer loans if you're just starting out a new job.
Will I need to wait 3/6 months before applying? Don't want to miss out on the HOC.

Thanks for reading.
*
Apply a few banks, try your luck.


 

Change to:
| Lo-Fi Version
0.0158sec    0.57    5 queries    GZIP Disabled
Time is now: 3rd December 2025 - 07:48 PM