FAQ - OTG Advisory En

OTG FAQ QUESTIONS
Q: Why can I get CASH BACK when buying a house?
A: The key factor is that the bank believes that the value of the area has increased, so the appraisal price is higher than the house price, which will result in a property below market price. When the appraisal price exceeds the value of the house itself, you can borrow the difference. For example, if the appraisal price is 600,000, the loan is 90%, which is 540,000, and the house price is 400,000, you can withdraw 140,000 in cash.
Q: Will the house be 100% rented out after receiving the Cash Back?
A: Cash back has no direct relationship with whether the house can be 100% rented out. The main thing is that the effective use of cash back can help with decoration, maximize rent, and even speed up the rental process. As long as you have a good rental strategy, renting out a house is actually relatively simple.
Q: How long does it take for a Personal Loan application to be approved by the bank?
A: Personal loans are relatively simple and are usually approved and disbursed within 3-7 days.
Q: How do I know how much Personal Loan the bank can approve?
A: Each bank has different policies, so you are welcome to contact us for consultation. We will help you review your documents and find the bank that best suits you and the best interest rate.
Q: How to further improve the ROI of rental?
A: There are many ways to increase the return on investment (ROI) of your rental. First, you can consider renovating your existing property to meet the needs of tenants and get higher rents. Second, you can try co-living and rent out multiple rooms. Finally, you can also choose to do Airbnb. These strategies can effectively increase the ROI of your rental.
Q: How to get a loan approved quickly?
A: Look for a strong agency, as their long-term cooperation with the bank makes personal connections very important. If you have sufficient information and know the manager of the local branch, the approval may be completed within one day.
Q: How many levels are there in the loan blacklist?
A : Level 1 (mild): -Level 2 (moderate): -Level 3 (severe):
Level 1 (mild):
- Level 1 (Mild): MIA in CRIS means that the loan has not been paid on time at the beginning, while MIA2 means that the loan has been overdue for two periods.
Level 2 (Moderate):
- Level 2 (Medium): SAA (Special Attention Account) If your account is overdue for payment for more than three months, it will be marked as SAA. SAA refers to outstanding debts that are still unresolved and the bank keeps monitoring them.
Level 3 (Severe):
- Level 3 (Severe): AKPK is a government agency debt classification which is equivalent to bankruptcy in the eyes of the banks and you will not be able to continue your business.
Q: Can I still get a loan if I am blacklisted by the bank?
A: You can’t borrow money. All banks won’t lend money. But you can consult our backend and we will give you a plan to help you get a loan.

OTG FAQ QUESTIONS

Q: Why can I get CASH BACK when buying a house?

Q: Will the house be 100% rented out after receiving the Cash Back?

Q: How long does it take for a Personal Loan application to be approved by the bank?

A: Personal loans are relatively simple and are usually approved and disbursed within 3-7 days.

Q: How do I know how much Personal Loan the bank can approve?

A: Each bank has different policies, so you are welcome to contact us for consultation. We will help you review your documents and find the bank that best suits you and the best interest rate.

Q: How to further improve the ROI of rental?

Q: How to get a loan approved quickly?

A: Look for a strong agency, as their long-term cooperation with the bank makes personal connections very important. If you have sufficient information and know the manager of the local branch, the approval may be completed within one day.

Q: How many levels are there in the loan blacklist?

A : Level 1 (mild): -Level 2 (moderate): -Level 3 (severe):

Level 1 (mild):

- Level 1 (Mild): MIA in CRIS means that the loan has not been paid on time at the beginning, while MIA2 means that the loan has been overdue for two periods.

Level 2 (Moderate):

- Level 2 (Medium): SAA (Special Attention Account) If your account is overdue for payment for more than three months, it will be marked as SAA. SAA refers to outstanding debts that are still unresolved and the bank keeps monitoring them.

Level 3 (Severe):

- Level 3 (Severe): AKPK is a government agency debt classification which is equivalent to bankruptcy in the eyes of the banks and you will not be able to continue your business.

Q: Can I still get a loan if I am blacklisted by the bank?

A: You can’t borrow money. All banks won’t lend money. But you can consult our backend and we will give you a plan to help you get a loan.