IPA refers to an approved loan amount given by the bank based on your credit report and information declared. It is not a binding document and is subject to other checks in the application process including property valuation. The IPA is typically valid for 60 days.
This includes your fixed basic monthly income and fixed monthly allowance (if any) as per your latest income documents. For other income sources such as variable income (i.e. commission), rental income or annual bonus, please provide the details below.
This includes your monthly minimum sum payable for all credit cards and credit lines as per the latest statements. For other loans such as mortgage loan (excluding the subject home loan that you are currently applying to be financed by us, where applicable), car loan or other instalment loans, please provide the details below.
This is to facilitate the pulling of credit bureau data with your consent.