Frequently Ask Questions
We don’t have an installment plan for the enrolment fee at the moment – but you can pay using a credit card and activate the EPP with your bank.
In order to purchase a property as soon as possible, it’s best for your net salary to be RM 3,500 and above (RM 4,500 and above for household income). But if your salary is currently lower than that – you can still become a FAR Capital client, but you may not be able to purchase a property immediately. You would have to work on reducing your monthly commitment or increasing your income, but it would be great cause you can start learning and observing how other FAR Capital clients build their portfolio, so that the moment your loan eligibility is sufficient, you’re truly ready to start investing in properties.
There is no maximum age to become a FAR Capital Client – however if your age is above 35 years old, it simply means that your loan tenure will be shorter, which leads to higher monthly repayment / instalment amount for your housing loan, and your monthly cash flow may not be as good. However it is actually not a bad thing – cause you will be paying off your loan faster than others, and you pay lesser interest in the long run. You can always overcome this by having younger JV partners (such as children).
Yes we can – many clients have benefited from our Debt Consolidation program, we will prepare your individual customized Debt Consolidation Action Plan for you, you just need to follow the recommended steps and you should be able to reduce your monthly commitment.
Welcome onboard! You will receive an email containing the next steps – which is to join our Welcoming Session on Monday 9pm. Please follow the Zoom registration link provided in the email, and the second step is to digitally sign the Service Agreement with FAR Capital, then login to our Education Portal.
When you sign up as a FAR Capital client under Best Pacakge, you’re recognized as the primary client in our system. We allow every primary client to nominate one investment partner – which are meant to become the JV partner for the primary client. The intention is to help our primary client overcome the limitation of 2 LTV 90% residential loans. Your investment partner must be your direct family member – currently we only accept 3 types of relationships: husband and wife, parents and children, and siblings.
Yes we can help you! Renovation and rental management are optional services that are offered to clients who wish to outsource the hassle to us – however please take note that these services are charged separately.
It depends on your financial health – if you’re good to go with sufficient loan eligibility, you can start buying as fast as 2 weeks after signing up. Provided that you complete the attendance of Masterclass (online recording) and submit all your documents for screening. But if your loan eligibility is insufficient or you have CCRIS / AKPK issues, you would need to go through our Debt Consolidation program to improve your financial health, which may take between 3-12 months. Most clients were able to get out of their financial issues within 12 months and start investing.
Income documents and credit reports are mandatory to enable us to conduct financial screening for you – cause without knowing your financial health and loan eligibility, you won’t be allowed to proceed with any property booking. One of the main reasons why FAR Capital is able to secure non-standard below market property deals is because we commit to the developers that all our purchasers are carefully screened, which would enable the developers to close sales fast – which is what they need. And without conducting financial screening, we also wouldn’t be able to help you prepare your personalized Debt Consolidation plan, which can help you to optimize your debts and reduce your monthly commitments.
At the moment we are only investing in Klang Valley and Johor Bahru – these are the 2 areas with significant population and job opportunities growth, and major infrastructure projects in the pipeline.
Currently we are offering both under construction and completed properties in the primary market (purchase directly from developers) to our clients. The price range for our current projects is between RM 270,000 to RM 1.5 million.
Currently, we are offering both under construction and completed properties in the primary market (purchase directly from developers) to our clients.
We dont allowed any upgrade, you have to pay full amount of enrollment fee if you wish to change / upgrade your client package
Yes, you need to provide us your latest Income Tax Notice of Assessment during the screening checking step. You can file your tax return online via myTax Portal at www.iras.gov.sg using your SingPass during the filing period. For more information, please contact Inland Revenue Authority of Singapore (IRAS).
If you are earning a fixed basic income with CPF contributions, we need at least 3 months’ payslips preceding the month of application, before we can consider your new income for loan assessment. And we don’t encourage for loan application in the event you are in probation period.
For employed or self-employed persons without CPF contributions or if you are earning a variable income with CPF contributions or working part-time, we need at least 6^ months’ payslips preceding the month of application, to verify the stability and regularity of income before determining the amount of income for loan assessment. On top of that support with your Income Tax Notice of Assessment (NOA).
For those using working permit, we will need latest 3 months’ payslip and your employment confirmation letter.
Regular fixed income will be considered as your main income.Any form of variable components such as allowances, overtime pay and bonuses are categorise as supporting income and can be used for loan application with valid document proof. Reimbursements are meant mainly to reimburse expenses incurred and hence, they cannot be accepted as an earned income.
Our range of project price point is from RM250,000 upto RM2,000,000, and consist of residential and commercial, with under construction and completed status. All will be displayed on our portal call Talent Learning Management (LMS).
Information about projects such as info deck, calculator, rental projections are available for download anytime.
In addition, information on new launches are also available on the portal.
The preliminary screening can be done with our team during the event. We will need 3 months of your payslips and IC. And our digital apps Matchbank will facilitates buyers in comparing the housing loans offer by the financial institutions (FIs) and get to understand the different terms before taking up a housing loan.
FIs, which are commercial entities, provide housing loans in accordance to conditions and guidelines stipulated by their own policy and guidelines. On the other hand, our team of expert, who is dealing with all the banks in Malaysia provides housing loans to help Singaporeans, Malaysian working Singapore to buy their own home/invest in Malaysia property. Given the different nature of FIs, it is understandable why housing loans from the FIs have different financing terms.
There are many ways to worth explore, for eg Commercial property option, buying with another jv partner, refinance option, or using third party loan. We will cover more about the technical terms during the event.
There are many ways to worth explore, for eg Commercial property option, buying with another jv partner, refinance option, or using third party loan. We will cover more about the technical terms during the event.
Reach out to us at our Facebook Messenger: https://m.me/farcapital