Advertisements

Loan eligibility from 17 financial institutions in 10 minutes. (Cool!)

When I bought my first apartment over 15 years ago, the loan application took close to 2 weeks. These days, many real estate negotiators would tell me that it takes not more than a few days. They could also do some Debt Service Ratio (DSR) calculation and give me an assessment in 10 minutes probably. Well, we could now get the reply from 17 financial institutions in 10 minutes for the question of ‘Loan Eligibility.’  This is not the actual approval but this is very good to know if we should or should not proceed with the purchase. For many homebuyers, this is something worth checking out.

Press Release: IQI and Finology Partner to Facilitate Loan Approvals for Property Buyers

On Monday 26 November 2018, IQI formalised a deal with Finology to use its instant loan eligibility check system for property buyers via their product Loanplus.

IQI is a leading real estate firm in Malaysia, with over 5,000 agents and with business interests around the world. IQI strongly believes in technology and is constantly researching and pioneering cutting-edge services in the property sector, connecting buyers, agents, properties and facilitating transaction execution.

Currently, property buyers face challenges finding out their property loan eligibility and accessing information on the best possible loans for them. The team at Finology has developed a complete solution to address these issues under the Loanplus product. With Loanplus, buyers can find out detailed information about their loan eligibility with 17 financial institutions in around 10 minutes.

“At IQI we believe in technology and are a keen advocate and supporter of technology in the real estate sector. Technologies such as blockchain will transform real estate transactions and at IQI we have dedicated teams working on areas such as smart contracts – one of the key components in digitizing real estate transactions in a blockchain. Coming together with Finology will be mutually beneficial for both parties and ultimately provide a superior service to buyers.” said Kashif Ansari, Group CEO of IQI.

Group CTO at IQI, Nabeel Mungaye said “Innovation is the key to any industrial expansion and this partnership will ensure the growth and advancement of the real estate market in Malaysia.”

Jared Lim Chu Ern, Managing Director at Finology said: “We are delighted with this partnership and to have been selected by IQI. The Loanplus platform will benefit all IQI agents and their buyers – we look forward to rolling out across the whole IQI network”.

The IQI and Finology partnership enables:
• IQI property agents to qualify property buyers within minutes
• Property buyers to understand their loan eligibility and best matched property loans across 17 financial institutions in • just 10 minutes

About IQI Global
IQI Global, the multi-award winning real estate agency and advisory firm, with a strong worldwide presence and a dedicated international team of real estate and marketing experts, working with world-class partners, investors and developers around the globe, to reshape the property industry through innovation and technology.

http://www.iqiglobal.com

About Finology
Finology, winner of the APICTA FinTech award, is a Malaysian Fintech company driving change in the banking, property, and insurance industries. Finology is the company behind the established brands Loanstreet and Loanplus. The company also provides cutting edge white-labelled solutions for MNC clients through its consultancy arm Fincon.

https://www.finology.com.my

About Loanplus
Loanplus provides innovative Loan Checking and Loan Screening solutions for Property Developers & for the Automotive industry. The company provides fast and accurate Loan Checks and loan screening results across 17 banks, Best Matched Loans and also comprehensive end-to-end loan application and loan approval tracking. Loanplus is part of the Finology Group.

https://www.loanplus.com.my

Media Enquiries:

Selina Chong, IQI Global
Address: Block 6, level – 10, VSQ at PJ Center. Jalan Utara, Section 14, Petaling Jaya, 46200 Petaling Jaya, Selangor Email : selina@iqiglobal.com
Phone : +603 7450 6655
Mobile : +6012 943 2768

Paul Sykes, Finology Media Relations Manager Email : paul.sykes@finology.com.my
Mobile : +6014 714 3767

— end of Press Release —

For more property investment resources, like our FB page for updates. Read it with a cup of kopi!

Advertisements

kopiandproperty.com

kopiandproperty.com is everything about property related writings and news. Enjoy reading with a latte.

Related Posts

Permanent closure of Jalan Bristol (route B25) at Lagong Estate

Press Release by Sime Darby Properties Permanent closure of Jalan Bristol (route B25) at Lagong Estate, Selangor beginning 3 December 2018 ARA DAMANSARA, 30 November 2018 – Sime Darby Property advises the public that Jalan Bristol (route B25) at the Lagong Estate, Selangor will be closed permanently to all traffic beginning 3 December 2018 (Monday). Jalan Bristol traverses across private land owned by […]

Read More

Indoor Potted Plants from IOI Properties for you. (FREE)

[Sponsored] I love plants. My balcony is full of plants. From cactuses to chilli and ladies finger as well as a crawling unknown and pineapples, I am really trying to plant lots of stuffs. It’s always good to start planting some plants. My two kids have their own small potted plants too. Well, now you can […]

Read More

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Property investment news everyday? Subscribe for free!

An article a day, keeps you updated all the way.

Join 903 other subscribers

LIKE us for property news update, FREE.

%d bloggers like this: