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In Principle Approval Housing Loan

GET AN AIP / IPA HOME LOAN WITHIN 1 DAY

An Approval in Principle / In Principle Approval for your home loan is a crucial step in your property purchase process.

Our mortgage consultants conducts a preliminary evaluation to calculate the Total Debt Servicing Ratio (TDSR) and Mortgage Servicing Ratio (MSR) for your loan amount with advice on how to get approval for your IPA across all major banks in Singapore.

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Learn specific insights on how to maximise your loan amount for your desired property purchase. Enjoy a hassle free process with professional guidance and direct applications with experienced bankers.

WHAT OUR CLIENTS SAY…

Weixian Sim
Weixian Sim
Was looking to reduce my interest payments for my mortgage and got in touch with Jovin from DollarBack Mortgage. Even though there was still a penalty to be paid with our existing bank, Jovin explained to us the strategy on how we can enjoy interest savings in the longer term by refinancing even with the penalty to be paid. The forecast and analysis was super accurate and fortunately we locked in the best package without having to pay any upfront fees. It is quite amazing that today, our home loan interest rate is only at 0.60%! Without a doubt, every property owner needs to speak to Dollarback Mortgage for their home loans.
Hean LiTing
Hean LiTing
Got in touch with Jovin from DollarBack Mortgage from a recommendation for my home loan refinance. Excellent advice and insights provided on the best home loan package for my needs. Interesting analysis on the interest rate environment and forecast. Managed to refinance with no upfront costs and enjoyed the best rewards! I highly recommend DollarBack Mortgage!"
Deborah Kay
Deborah Kay
I must have spoken to 15 different mortgage advisors and Jovin at Dollarback Mortgage was by far the most responsive and helpful. He was non-pushy, informed and clear in his communication.Compared to other advisors I spoke to, he gave the best advise regarding fixed vs floating rates, immediately followed up with all the information I requested for and submitted my application as soon as I got my documents to him.As a result, we were able to lock in a very favourable rate, one day before it was taken off the market.Thanks Jovin and Dollarback Mortgage, it was a great experience that I would highly recommend to anyone!
Kia Pang
Kia Pang
Big big thumbs up to Jovin Pendhar. Professional, patient, efficient & effective providing concise info & addressed my concerns & needs adequately. He won me over within minutes with his knowledge, understanding & a good grasp of what he is talking as well as good relationship skills, i.e. not pushy & remained professional (Spoken to a few consultants prior). He has good knowledge & understanding of the contents of the offer letter and how he articulate them across in a concise & precise manner. He walked through the process with adequate instructions & followed up through with regular updates. The products offered are almost the same across the banks, the way he advised & delivered it makes vast difference to the experience. Overall, it is a hassle free & pleasant experience dealing with him. Kudos to Jovin & keep up the excellent service!!
philip lee
philip lee
Jovin help to propose a very attractive refinance package which help me to shorten my repayment period by 10 months! Very good service and professional approach, highly recommended for your housing loan review.
Ivan Sim
Ivan Sim
I've engaged with a few mortgage brokers for refinancing of my property loans, but this latest one with Dollarback Mortage has been the most pleasant and rewarding experience, especially having Jovin handling my request. He is truly professional and extemely knowledgeable, with no air at all. Always enthusiastic and ready to listen and offer good and sound advice, I have no hesitation at all to put forth my recommendation of Jovin and Dollarback Mortgage to those who need the service!
Kannan Kumar
Kannan Kumar
I had liaised with Mr. Jovin for my HDB refinancing loan in last month. He guided me all the way to choose the right bank wiith lower interest and he had transfered the $ as per he committed. He is more knowledgeable, professional and courteous. Thanks Team.
Wan Livian
Wan Livian
I was sourcing for banks to refinance my current place and chance upon dollar back website and after reading comments about Jovin, my husband and i decided to engage him. I can only said is a smart decision we had made. Jovin is professional and fast in respond. Everything is fuss free and easy. Give him a call if you need to refinance your house . 👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍
lee khow ming
lee khow ming
Assistance and queries were responded promptly. Jovin was very professional in his work, whom assisted in securing good rate for me. On top of that, his company also provides the best cash reward incentive in the market.Overall, amazing experience and would recommend to anyone looking for mortgage loans.
Jun Yap
Jun Yap
Jovin is very dedicated, responsive & helpful.He is also very patient and he explained the loan process & procedure clearly though we took some time to digest. I will definitely refer my friends & relatives to you. Good job, Jovin !
Magdeline Wong
Magdeline Wong
Jovin responded promptly with my queries regarding mortgage refinancing. I am impressed with his indepth knowledge in this area and happy with his honest and valuable inputs. Very professional indeed!
Kailin Toh
Kailin Toh
This is our first time engaging a Mortgage Broker for our refinancing journey. We are glad to have Jovin from Dollarback Mortgage to assist us in the process. Jovin is knowledgeable and is able to explain the various concepts involved in an easy to understand manner. He is also quick to respond for any queries one may have. We highly recommend his service to anyone who is looking into mortgage matters. Cheers!
a K
a K
Great experience with Jovin. Professional and hardworking. He personally came down to my place and had patience to explain each plan to me. I finally signed with him. Would recommend him
Joseph
Joseph
Highly recommended! Jovin is very knowledgeable and was very proactive when handling our mortgage. He was able to provide professional knowledge and was patient to explain the finer details that we were required to know. Definitely a positive experience to have Jovin handle our housing loan matters.
Ahmad Bakar
Ahmad Bakar
I am very pleased and much appreciative to Jovin of Dollarback. He offered me informative advise and even show me the ropes in negotiating with my existing bank for a better deal. And a Trustworthy person. I will definitely reach out to his service in future again!
Abby Cheng
Abby Cheng
Jovin from Dollarback Mortgage is a true professional who has his customers' best interests at heart and who is fully dedicated to serve his customers well. Fully transparent and extremely helpful, we have benefited greatly from his expertise.
Abel Tan
Abel Tan
Awesome and knowledgeable person that will answer your questions directly. Makes wanting to deal with him very easy and will definitely contact him again for my mortgage needs.
Zack Chew
Zack Chew
It was my first time purchasing a property and I had limited knowledge and plenty of questions in regard to mortgage loan and various other stuffs. That was when I made an enquiry to Dollarback Mortgage and was contacted by Jovin. Jovin is an extremely helpful and professional individual. He helped me throughout the entire process during that entire couple of weeks - from providing me the list of banks and mortgage packages/rates and clarifying the different benefits of each in detail, to explaining to me some of the mortgage loan contract terms. Due to my busy work schedule, I could only reply to his texts late at night at times, and he would still be replying me attentively. Highly recommend Dollarback Mortgage and Jovin!
Stanley Zeng
Stanley Zeng
Jovin was very professional in his job. He shared his recommendations on the best rates across the banks. Even though a package was already selected for the application, midway he proposed a better new package that was just launched. Would definitely recommend him to any one looking for home loans.
Jim
Jim
Good knowledge on mortgage loan and able to link up well with bank mortgage loan specialist. Provided gd advice on the various type of loans and propose the best plan to suit my needs.Definitely will engage his (Jovin) service again in future!!!
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HOW DO I APPLY FOR AN AIP HOUSING LOAN?

Contact a DollarBack Mortgage Consultant who will perform an indicative analysis for you within an hour. Subsequently, your desired bank will be shortlisted and a quick guide for the documents required will be emailed over. Once the documents are ready, a mortgage banker will be assigned on the same day to process your AIP application.

HOW LONG DOES AN AIP APPROVAL TAKE?

For any urgent applications, an AIP can be approved within the same day assuming healthy credit history. The normal processing time is usually 1 working day

ARE THERE FEES FOR AN AIP APPLICATION?

There are no fees applicable to the bank or DollarBack Mortgage for any AIP applications.

WHAT HAPPENS AFTER AN AIP APPROVAL?

An email from the bank will be provided indicating your eligible loan amount, loan tenure and the highest purchase price of the property according to your loan amount. You can then start shopping around for your dream home with a peace of mind.

Frequently Asked Questions

What is an AIP housing loan?

What is an AIP housing loan? AIP or Approval In Principle is an indicative home loan approval provided by a bank. As it is indicative, it does not represent a formal offer from a bank for your home loan. Every potential homeowner should start your property purchase process with an AIP application. This will give you an estimate of your eligibility and help you define your budget for a new property purchase.

What is the validity period of an approved AIP application?

An approved AIP has a validity period of up to 30 days. During this validity period, if your Option To Purchase is submitted to the bank, it will provide an official letter of offer for your home loan assuming there are no changes to your income or debt obligations (best not to apply for any credit cards, car loans or any type of loans during this 30 days). After the validity period expires, a new AIP application will need to be submitted.

What if I do not have an AIP for a home loan?

The most important risk is that you stand to lose your Option Fee (which is usually 1% to 5% of your property purchase price) if you are unable to secure the required loan amount required for your property purchase. Also, without an AIP, you might not get the best service from a property agent as they might question your ability to afford your desired property.

Can I submit an AIP application to various banks?

Yes, you can. But do note that every AIP application results in your credit report being generated by the bank. Having your credit report generated multiple times by different banks can negatively impact your credit rating and some banks might take that into consideration during your home loan application process which results in the possibility of a lower loan amount.

Are home loan interest rates lower with a secured AIP and an OTP (Option To Purchase)?

Yes, banks offer promotional home loan packages relatively frequently. Find out the current lowest home loan rates for a New HDB or Private Property purchase.