The Pre Approval Letter For Mortgage Loan is a crucial document in Singapore's property financing process, typically issued after initial assessment of a borrower's creditworthiness and financial capacity. It provides potential property buyers with a clear understanding of their borrowing capacity before making property commitments. The letter includes key information such as maximum loan amount, tenure, interest rate ranges, and conditions aligned with MAS regulations. It's particularly valuable in Singapore's competitive property market, where buyers need to demonstrate their financial capability to sellers and property agents.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Pre Approval Letter For Mortgage Loan
"I need a Pre Approval Letter For Mortgage Loan for a Singaporean first-time home buyer purchasing an HDB flat, with a maximum loan amount of SGD 500,000 and a loan tenure of 25 years, to be issued by March 2025."
1. Letterhead and Date: Bank's official letterhead and current date
2. Applicant Details: Full name, ID number, contact information of loan applicant(s)
3. Loan Amount Details: Maximum approved loan amount, interest rate range, loan tenure
4. Property Type: Type of property the loan is intended for
5. Validity Period: Duration for which the pre-approval is valid
6. Key Terms and Conditions: Essential conditions including TDSR and LTV limits
7. Required Documentation: List of documents needed for final approval
1. Additional Borrower Information: Details of co-borrowers if applicable
2. Special Conditions: Any specific requirements or conditions based on borrower circumstances
3. Early Repayment Terms: Information about early repayment options if offered
1. TDSR Calculation Sheet: Detailed breakdown of total debt servicing ratio calculation
2. Interest Rate Sheet: Current applicable interest rate packages
3. Required Documents Checklist: Comprehensive list of documents needed for final approval
Authors
Relevant legal definitions
Loan Amount
Interest Rate Range
Approval Period
Property
TDSR (Total Debt Servicing Ratio)
LTV (Loan-to-Value) Ratio
MSR (Mortgage Servicing Ratio)
Borrower
Co-Borrower
Guarantor
Security
Loan Tenure
Monthly Installment
Valuation
Lock-in Period
Early Repayment Fee
Property Purchase Price
Drawdown Period
Conditions Precedent
Legal Fees
Loan Purpose
Facility
Insurance Requirements
Processing Fee
Business Day
HDB Property
Private Property
Mortgage Interest Rate
Disbursement
Credit Assessment
Interest Rate Range
Approval Period
Property
TDSR (Total Debt Servicing Ratio)
LTV (Loan-to-Value) Ratio
MSR (Mortgage Servicing Ratio)
Borrower
Co-Borrower
Guarantor
Security
Loan Tenure
Monthly Installment
Valuation
Lock-in Period
Early Repayment Fee
Property Purchase Price
Drawdown Period
Conditions Precedent
Legal Fees
Loan Purpose
Facility
Insurance Requirements
Processing Fee
Business Day
HDB Property
Private Property
Mortgage Interest Rate
Disbursement
Credit Assessment
Clauses
Loan Amount and Terms
Interest Rate
Validity Period
Conditions Precedent
Property Details
Documentation Requirements
Borrower Obligations
Financial Conditions
Regulatory Compliance
Property Valuation
Insurance Requirements
Processing Fees
Early Repayment
Default
Representations and Warranties
Confidentiality
Data Protection
Amendment and Variation
Governing Law
Disclaimer
Cancellation Rights
Additional Security
Change in Circumstances
Communication
Assignment
Interest Rate
Validity Period
Conditions Precedent
Property Details
Documentation Requirements
Borrower Obligations
Financial Conditions
Regulatory Compliance
Property Valuation
Insurance Requirements
Processing Fees
Early Repayment
Default
Representations and Warranties
Confidentiality
Data Protection
Amendment and Variation
Governing Law
Disclaimer
Cancellation Rights
Additional Security
Change in Circumstances
Communication
Assignment
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Gifted Deposit Letter
A Singapore legal document confirming a non-repayable gift for property purchase, ensuring compliance with financial regulations.
find out more
Down Payment Gift Letter
A Singapore legal document verifying gifted funds for property down payments, ensuring compliance with financial and tax regulations.
find out more
Suitability Letter Mortgage
A regulatory document under Singapore law that confirms the suitability of a specific mortgage product for a client based on their financial circumstances and needs.
find out more
Mortgage Letter From Bank
A Singapore-compliant formal bank letter detailing mortgage approval terms and conditions.
find out more
Mortgage And Promissory Note
A Singapore-compliant legal document combining property security and loan repayment promises, subject to MAS regulations and local property laws.
find out more
Letter Of Intimation Of Mortgage
A formal notification document used in Singapore to inform parties about the creation of a property mortgage.
find out more
Letter For Down Payment
A formal document under Singapore law confirming the terms and conditions of a down payment as part of a larger transaction.
find out more
Home Loan Sanction Letter
A formal document issued by Singaporean financial institutions confirming home loan approval and specifying loan terms and conditions.
find out more
Housing Loan Form
A standardized form for housing loan applications in Singapore, compliant with MAS guidelines and local banking regulations.
find out more
Gift Letter Form For Mortgage
A Singapore-compliant legal document confirming monetary gifts intended for property purchase, meeting MAS and banking requirements for mortgage approval.
find out more
Digital Mortgage Deed
A Singapore-compliant electronic document creating a legally binding mortgage security over real property, executed and registered digitally.
find out more
Deposit Gift Letter
A Singapore-compliant legal document confirming a monetary gift between parties, typically used for property purchase deposits.
find out more
Borrower Authorization Form Mortgage
A Singapore-compliant authorization form allowing lenders to verify borrower information and conduct necessary checks for mortgage processing.
find out more
Board Resolution For Mortgage Of Property
A Singapore corporate document authorizing the mortgage of company property through formal board approval.
find out more
Accountants Letter For Mortgage Lender
A Singapore-compliant formal verification of income and financial status issued by a qualified accountant to support mortgage applications.
find out more
Mortgage Facility Letter
A formal document issued by Singapore financial institutions outlining mortgage loan terms and conditions in accordance with local banking regulations.
find out more
Lender Approval Letter
A formal loan approval document issued by Singapore-based financial institutions, outlining approved loan terms and conditions in accordance with local banking regulations.
find out more
Letter Of Employment For Mortgage
A formal employment verification document issued in Singapore to support mortgage applications, confirming employment status and income details.
find out more
Home Loan Letter
A formal mortgage offer document issued by Singapore financial institutions, detailing home loan terms and conditions under MAS regulations.
find out more
Home Financing Documents Release Form
A Singapore-compliant form authorizing the release of property financing documents from financial institutions to borrowers or their representatives.
find out more
Hardship Affidavit For Mortgage
A Singapore legal document where borrowers declare financial hardship to request mortgage relief.
find out more
Housing Loan Letter
A formal document issued by Singapore financial institutions specifying residential property loan terms and conditions under MAS regulations.
find out more
Request Letter To Bank For Release Mortgage Property
A formal request to a Singapore bank for the discharge of a property mortgage following loan repayment.
find out more
Mortgage Loan Letter
A formal mortgage loan approval document issued by Singapore financial institutions, outlining loan terms and conditions in compliance with local banking regulations.
find out more
Reinstatement Letter Mortgage
A formal document used in Singapore to reinstate defaulted mortgages to good standing, outlining reinstatement terms and conditions.
find out more
Authorization Letter For Mortgage
A Singapore-compliant formal document authorizing a financial institution to process a mortgage application and related documentation.
find out more
Discharge Of Mortgage Form
A Singapore legal document that releases a property from mortgage obligations under the Land Titles Act.
find out more
Hardship Mortgage Letter
A formal request for mortgage payment relief under Singapore banking regulations due to financial hardship.
find out more
Mortgage Loan Denial Letter
A formal letter used in Singapore to communicate the denial of a mortgage loan application, complying with local banking regulations.
find out more
Derogatory Credit Explanation Letter
A formal letter explaining negative credit report items under Singapore's credit reporting framework.
find out more
Paid In Full Letter From Lender
A Singapore-compliant formal letter confirming complete repayment of a loan, issued by the lender to the borrower.
find out more
Letter Of Intent For Mortgage
A preliminary document used in Singapore to formally express intention to obtain mortgage financing, outlining proposed loan terms and conditions.
find out more
Release Of Mortgage Document
A Singapore legal document that formally discharges a mortgage and removes the lender's security interest in a property.
find out more
Payoff Letter From Lender
A Singapore-compliant formal statement from a lender detailing the exact amount needed to fully satisfy a loan obligation.
find out more
Pre Approval Letter For Mortgage Loan
A formal indication of preliminary mortgage loan approval from a Singapore financial institution, stating maximum loan amount and key conditions.
find out more
Home Loan Application Letter
A formal application for mortgage financing in Singapore, complying with MAS regulations and banking requirements.
find out more
Gift Letter For Mortgage
A formal document under Singapore law that validates monetary gifts intended for property purchases, confirming the non-repayable nature of funds provided for mortgage purposes.
find out more
Offer Letter Mortgage
A formal mortgage loan offer document issued by financial institutions in Singapore, complying with MAS regulations and outlining loan terms and conditions.
find out more
Mortgage Release Letter
A formal document issued under Singapore law confirming the discharge of a mortgage and release of property from the mortgage charge.
find out more
Mortgage Commitment Letter
A formal commitment from a financial institution in Singapore to provide mortgage financing under specified terms and conditions, subject to Singapore banking regulations.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.