SmartLoans Releases New Loan Affordability Calculator to Ease the Burden of Property Financial Planning for Home Buyers
SmartLoans.sg has released a new Loan Affordability Calculator to help home buyers make smarter financial decisions by getting immediate information on whether or not they qualify for a loan to buy a desired house.
Singapore, Singapore, January 08, 2014 --(PR.com)-- Leading home loan comparison site SmartLoans.sg recently bolstered its suite of personal finance tools by releasing its innovative Loan Affordability Calculator. This new online tool was developed in response to the Total Debt Servicing Ratio (TDSR) measures introduced by Monetary Authority of Singapore (MAS) on 29 June 2013.
The recent MAS changes to property financing regulations have caused confusion among many home buyers, especially with regards to home loan eligibility and borrowing limits. Coupled with the more tedious document preparation and extended waiting time (2-4 weeks) needed to get an In-Principle Approval from banks, the planning process for home buyers has become extremely frustrating and time consuming.
The SmartLoans Loan Affordability Calculator eliminates this problem by automatically determining if a home buyer qualifies for the loan they need in as little as 5 minutes. The computed results adhere to the current TDSR framework and other regulations, including the recent changes to rules for purchasing Executive Condominiums (ECs). The calculator also computes all other additional costs required for the purchase such as stamp duties, legal and valuation fees.
“The SmartLoans Loan Affordability Calculator was easy to understand and gave me the answers I needed immediately. It saved me a lot of frustration and helped in my decision making process whilst explaining how the complicated regulations affect me,” said Mano Kathiravan, a satisfied user.
Access to this loan affordability calculator costs only $9.99 for 14 days of unlimited use. Users can also download a customized report that explains in greater detail the effects of the TDSR framework and other financing regulations on their home buying decision.
“The SmartLoans Loan Affordability Calculator removes much of the frustration by automatically computing the home buyer's true home affordability, taking into account all existing MAS regulations. We believe this will help them make smarter financial decisions confidently,” said Vinod Nair, CEO of SmartLoans.sg.
The SmartLoans Loan Affordability Calculator can be accessed at http://www.smartloans.sg
About SmartLoans.sg
SmartLoans.sg is a loan comparison site that helps people make better financial decisions by comparing various loans across all major banks.
The recent MAS changes to property financing regulations have caused confusion among many home buyers, especially with regards to home loan eligibility and borrowing limits. Coupled with the more tedious document preparation and extended waiting time (2-4 weeks) needed to get an In-Principle Approval from banks, the planning process for home buyers has become extremely frustrating and time consuming.
The SmartLoans Loan Affordability Calculator eliminates this problem by automatically determining if a home buyer qualifies for the loan they need in as little as 5 minutes. The computed results adhere to the current TDSR framework and other regulations, including the recent changes to rules for purchasing Executive Condominiums (ECs). The calculator also computes all other additional costs required for the purchase such as stamp duties, legal and valuation fees.
“The SmartLoans Loan Affordability Calculator was easy to understand and gave me the answers I needed immediately. It saved me a lot of frustration and helped in my decision making process whilst explaining how the complicated regulations affect me,” said Mano Kathiravan, a satisfied user.
Access to this loan affordability calculator costs only $9.99 for 14 days of unlimited use. Users can also download a customized report that explains in greater detail the effects of the TDSR framework and other financing regulations on their home buying decision.
“The SmartLoans Loan Affordability Calculator removes much of the frustration by automatically computing the home buyer's true home affordability, taking into account all existing MAS regulations. We believe this will help them make smarter financial decisions confidently,” said Vinod Nair, CEO of SmartLoans.sg.
The SmartLoans Loan Affordability Calculator can be accessed at http://www.smartloans.sg
About SmartLoans.sg
SmartLoans.sg is a loan comparison site that helps people make better financial decisions by comparing various loans across all major banks.
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MoneySmart.sg
Mark Cheng
6591269794
moneysmart.sg
Mark Cheng
6591269794
moneysmart.sg
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