QUOTE(blurramen @ May 26 2022, 09:45 AM)
Yes, to be precise, it's signed digitally and they send a copy to developer to proof that this applicant loan is approved.
The LO is a draft copy, with a default unit of 38th floor of the property written in the LO.
The interest rate, insurance and terms are in the draft copy.
After getting approved in KWP, only will sign the real LO face to face with banker.
May I know which bank u use?
In my case, I submitted the loan application. Then this Public Bank banker called me. He told me that if I proceed with the loan application, in the event I dont get approval from KWP, I still have to pay the bank RM1k plus. That's why I didn't proceed, and decided to wait for KWP approval first.
But it seems like the developer and urusetia dont even consider my application in the KWP portal. BTW, I'm not first home buyer. I know the priority goes to first home buyer.