Customer calculates Affordability test based on loan amount     Next Step

Customer submits Mortgage Application form and relevant documents to ASO     Next Step

Appraisal     Next Step

ASO gives customer offer letter detailing terms and conditions of loan (if approved)     Next Step

Approved: Customer meets all conditions in offer letter     Next Step

ASO Disburses Funds     Next Step

Approved

List of required documents

Commercial Loan Requirements

1. Must have existing checking account with ASO for a minimum duration of 3 months (Individual Mortgage Requirement)
2. Offer Letter
3. Valuation report
4. Pay slips (3 months)
5. Statement of Account (6 months)

Requirements for Construction and Renovation

1. Certificate of Occupancy
2. Approved Building Plan
3. Original Bill of quantity (stamped, sealed and signed by a quantity surveyor)
4. Deed of Assignment of sales Agreement