2.01 What is “iApply”?

“iApply” is a self-serve option to apply home loan. Handle the entire loan process from start to end.

2.02 Why do I need to go through the tutorial before I create my first application?

The tutorial contains important information on home loans approvals, applications and policies which are essentials for applying home loans.

2.03 Why does the loan applicant need to accept PDPA?

This is to ensure both loan applicant and IQrate align and comply with the PDPA policies.

2.04 What is Approval in Principle (AIP) / In Principle Approval (IPA)?

Both means the same thing. It is a home loan approval obtained from the banks before buying a property. With an AIP/IPA on hand, you can be sure that the respective banks can grant the loan and can set the heart at ease to buy the desired property. No cash

2.05 Can I appoint my own valuation firm?

No. The bank will appoint their partnered valuation firms. For HDB property, HDB will appoint their own panel of valuation firms.

2.06 Can I apply my own home loan?

Yes, you can apply your own home loan.

2.07 Where can I obtain the bank forms?

The bank forms are found in IQrate App in resources under “iLearn”.

2.08 What are the documents required for a loan application?

The list of documents required for loan application can be found in IQrate App under resources under “iLearn”.

2.09 How to upload documents?

The loan applicant will be given a link to upload the documents in the email or you may upload the documents on behalf of them, under “Documents” or during “Bank Submission”, in the IQrate App.

2.10 Can I submit to all the banks? / Can I submit to more than 1 bank at any one time?

Yes, but you are encouraged to submit to 1 bank for each application. Please note that each property can only be financed by 1 bank.