Approval first, interest rates later

Interest rates are understandably a core concern for any borrower, as they directly impact the cost of borrowing. However, at Gemex Advisory, we guide our clients to prioritize loan approval over the interest rate. In the current environment, securing approval has become increasingly challenging due to tightened lending practices among banks.

This shift stems from several factors, including the uncertain global economy, rising geopolitical tensions, and a growing number of internal non-performing loans (NPLs). Adding to this, the recent high-profile $2.2 billion money laundering case in Singapore has further prompted banks to adopt stricter approval measures and enhanced due diligence protocols.

Given these challenges, borrowers must approach loan applications strategically, ensuring their profiles align with the heightened scrutiny and requirements of financial institutions. Only after securing approval can the focus shift to negotiating favorable interest rates, which is where our expertise at Gemex Advisory plays a vital role in delivering optimal outcomes for our clients.