Borrower Q&A

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Borrower Q&A

We currently accept England Buy-to-Let property and Japan property. We will expand to Australia and Canada property.

Yes, you can with no penalty.

Lending rate is determined by borrower’s risk and funder’s liquidity. In general, lower LTV implies lower risk to funders, lower lending rate should be achieved.

If the borrower failed to repay, the funder has the right to deal with the collateral. According to the law, the lender can force the sale of the property through a private treaty or auction without a court order. The procedure is generally 3 to 6 months.

Borrower, regardless a corporation or individual, requires personal guarantee on all transactions.

Building insurance relating to the secured asset is required to complete the transaction. Ask developer or building management company.

Due to regulation, we don’t lend to UK residents. We accept and are not limited to HK, China, Japan residents.

No, it is a recourse loan. Every transaction is secured by borrower’s personal guarantee and secured assets.

No, we currently only take 1st charge security.

The loan amount is up to 75% of the valuation amount or purchase price whatever it is lower for new purchase. For refinance units, we can finance up to 75% of the valuation amount.

We use asset approach to calculate lending risk. Our machine learning screening mechanism considers various factors including but no limit to personal, income, social and market factors.

There is no cooling-off period after the loan agreement is signed. Drawdown notice is the final notice to notify the funder the loan drawdown date.

No, You can’t. You have to use Propcap’s designated surveyor to do valuation.

A suggested lending rate by AI is based on borrower’s credit risk.