ERA Associate Loan

Our ERA Associate Loan is specially catered to the ERA associates and offers an advance of up to 50% of associate’s nett commission receivable or up to $10,000 per property transaction.

Interest rate is charged at 1.5% per month computed based on simple-interest basis with no prepayment penalty!

Eligibility

1. Associates must be with ERA for more than 6 months and with min. earned income of $1000 since joined date.
2. Transactions to be used against the loan to be granted must have successfully completed 1st appointment or option exercised for private properties.  HDB 1st appointment supporting documents/Option to purchase with acceptance copy duly signed (for private properties) to be attached with loan application.
3. Associate must not be a bankrupt.
4. Provide surety if required.

Other Details:

Administration fee of $50 is applicable.
Late charge at 1% per month, computed based on simple-interest basis.

Please contact us for more information!

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