Cashew Loan Eligibility Report
Get an accurate indication of how much your client can qualify for in minutes, before they kickstart their IPA process. Cashew's loan eligibility report securely pulls your client's data from Singpass, with a few details like car loans and credit card balances added manually. The report goes straight to your client, giving them a clear picture of how much home they can afford.
It's not a replacement for an IPA, but it's a great immediate tool to guide your client and help them start planning their house hunt. Here's how.
Step 1
Log in to the ACCESS by Cashew app and select 'Cashew Home Eligibility Report' on the home screen.
Selecting the Buyer Loan Eligibility Report
Step 2
Enter your client's details, then select how you want to send their eligibility check link: through Cashew's verified WhatsApp, email, or your own personal WhatsApp.
Entering the client's details, and selecting how you want to share the home eligibility check.
Step 3
Your client will be sent a link taking them to the Cashew page to generate their home eligibility report. They'll be prompted to allow Singpass to securely retrieve their details. Only the client will be able to see the report, and the data retrieved is secure.
The client receives the link, then proceeds to the Cashew page to generate their Mortgage Eligibility Report.
Step 4
After the client enables Myinfo retrieval with Singpass, they'll be prompted to proceed through a few screens. Income details, CPF OA, and car loan details are filled in automatically through Singpass. The only things they'll need to enter manually are any other monthly obligations and credit card details, as these are not verifiable through Singpass.
The client reviews their income details and enters new information like other monthly obligations and credit card commitments.
Step 5
The client will be prompted to accept a disclaimer and consent, verifying that they have never been involved in any bankruptcy proceedings and that all the information they've shared is correct and accurate.
The client reads the disclaimer and shares consent to Cashew's Terms of Service.
Step 6
Your client's loan eligibility for both private and HDB is shared immediately, along with BSD, downpayment details, and more.
The client receives their Mortgage Eligibility Report.