Asked by Mr. RICHARD BOEY
Can anyone advice me as a Singaporean on how to secure a urgent rm50,000 short-term loan by pledging my freehold residential property in johor bahru. I was told by a few private lenders and banks that it is impossible to do so while pending for the issuance of strata cetificate. The market value of my property is about rm562,000 and the outstanding amount owned to the bank is rm253,000. Any advice and/or recommendation in securing the urgent loan will be appreciated, coupled with a token fee payable for sucessful service rendered.
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