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richwang
16-05-12, 15:19
If you decide to fully pay up your outstanding loan, how many days it will take to get your title deed?

Is there a way to speed thinigs up?

Thanks,
Richard
Kelonguni
16-05-12, 15:59
If you decide to fully pay up your outstanding loan, how many days it will take to get your title deed?

Is there a way to speed thinigs up?

Thanks,
Richard

If you are referring to HDB no need to get title deed. Just go to your neighborhood HDB branch office (with your spouse), tell the counter staff you want to fully redeem HDB loan. They will check your CPF and process it if the amount is enough.

Bank side only requires the processing form of the indication to redeem fully.
blackjack21trader
16-05-12, 17:12
If you decide to fully pay up your outstanding loan, how many days it will take to get your title deed?

Is there a way to speed thinigs up?

Thanks,
Richard

no leh, my one last time got one took like 1 month after redemption. depends on bank also.
richwang
16-05-12, 17:17
You can safely forget about HDB Title Deed.
I've just checked with OCBC, banks don't accept it as a collateral (due to CPF Board is involved?)

Thanks,
Richard
richwang
16-05-12, 17:22
Due to some sudden cash flow issue, I hope I can settle things in time, and no need to borrow from

Loan Shark

Thanks,
Richard
richwang
16-05-12, 17:45
If part of your payment was made via CPF fund, do you need to use cash to pay off CPF Board before you can get Title Deed from SLA?

Thanks,
Richard
richwang
17-05-12, 15:00
Just checked with CPF Board, you will still get your Title Deed once you fully pay up your bank loans for your private property.

The bank will send the Title Deed to CPF (if you are using CPF for partial payment).

You will then collect the Title Deed from CPF Board.

Thanks,
Richard
richwang
18-05-12, 21:33
Just settled the payment with the bank.
It will take 3 months for them to process - much longer than I thought.

Thanks,
Richard
richwang
10-06-12, 11:59
When it comes to the details, it is so troublesome.
I've put enough money for the bank to deduct from my usual loan servicing account, but the Bank insists that I need to buy a cashier's order and send it to their lawyer.

They will also charge me the legal fees, fire insurance fees, valuation fees and advanced interests for the 3 months notices.

And the banker is also giving me long face because I have less cash for him to milk now.

I never knew banks are so unhappy when you pay back the money.

So maybe I should be happy.

Thanks,
Richard