307988 277857705557864 1942731477 n small

When can a person cancel his loan facility without subject to any cancellation fees/penalty? 

Signature 28 logo  custom  small

No early settlement penalty when the loan has past its lock-in period... really depends on the loan agreement when you sign with the bank... 3years, 5years, or some even no lock in period.

307988 277857705557864 1942731477 n small

What about in the event when the Purchaser decided to cancel the loan, after the loan documents were stamped but before the loan were release? 

Signature 28 logo  custom  small

then the purchaser must have a very good reason to do so... meaning he will finance for the purchase from his own bank account or in cash. If signed and stamped... maybe still have grace period, but i am not too sure if can cancel and pull out at the 11th hour...

13592835 10154399765604668 59092743437310469 n 1  small

your cancellation mean after loan disbursement or after sign offer letter but before loan disbursement?

Img 20151130 152928 small

You have to read the terms & conditions properly.


307988 277857705557864 1942731477 n small

After offer letter was signed but before loan disbursement. 

13592835 10154399765604668 59092743437310469 n 1  small

should be no penalty before disbursement. but the respective bank may not want to approve yr loan again in short terms... you may refer to the T&C in contract

Signature 28 logo  custom  small
307988 277857705557864 1942731477 n small

Kamsiah! 

Apparently the content is too short...zzz

13592835 10154399765604668 59092743437310469 n 1  small

CCRIS wont show if there is any penalty. only application record on type of loan. successful, pending, reject...

Signature 28 logo  custom  small

Yes agree with @Ngoi, it will probably show up in the respective bank records only... 

Don't Miss Out On This Offer!