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 Subsale Loan Disbursement Process

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FamousLastWords
post Jun 25 2022, 05:33 PM

On my way
*****
Senior Member
932 posts

Joined: May 2007
From: Klang Valley


I’ve recently just bought a subsale condo, here’s my timeline so far:

Mid January - paid 3% booking
Early February - signed bank’s offer letter
Mid March - signed S&P
Mid May - MOT executed
End June - Bank disbursed balance sum to vendor’s bank

Currently still waiting for VP

Completion date given by lawyer: Mid August

Altogether it’s been about 6 months since booking until the disbursement

This post has been edited by FamousLastWords: Jun 25 2022, 05:33 PM

 

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