4,000 Consumers Use LoanGuru.com.sg in First 6 Months

www.LoanGuru.com.sg, Singapore’s leading online independent mortgage broker, chalked up its 4,000th user last week – just 6 months after its launch by www.PropertyGuru.com.sg’s owners’ AllProperty Media Pte Limited on 1st January 2010.

Singapore, Singapore, July 08, 2010 --(PR.com)-- LoanGuru.com.sg provides a one stop mortgage solution which helps users compare and find the best mortgage packages from 18 major local and international banks such as DBS, UOB, OCBC, Lloyds TSB, ANZ, etc. with just a few clicks - and free of charge. Mortgage packages are updated real time and this even includes a Fast Approval In Principle (AIP) service that can help users obtain their loan approval within the same day of application.

To use the services, consumers simply enter their finance requirements such as new versus refinance loan and loan value required – and an automatic recommendation from over 200 up-to-date mortgage packages appears within minutes. This includes Singapore as well as International new and refinance home loans.

LoanGuru is an accredited member of the Mortgage & Finance Association of Singapore (MFAS) and has a team of independent fully-accredited mortgage advisors providing the personal touch, helping consumers make the right decision as well as processing the necessary paperwork. The website is also security-protected by Thawte, the leading international website security firm owned by Verisign.

In addition to comparing and advising on the best mortgage deals, LoanGuru.com.sg also provides users with daily updated mortgage news, current interest rates as well as information about a variety of loans (new, refinance, Singapore, Overseas, residential and commercial).

Mr John Lee, who runs LoanGuru.com.sg, and has more than 6 years experience in the real estate and finance industry, said, “Since the launch of LoanGuru.com.sg in January 2010, more than 4,000 consumers have used our services. Our online mortgage comparison engine has made mortgage borrowers' lives much easier. With a few clicks, they can view and compare packages available from different banks. We are the first and only mortgage consultancy firm that works closely with all the 18 local and international banks in Singapore. We are also in the process of tying up with more overseas banks to help our clients finance their overseas properties. Currently we provide mortgage loan services in 13 overseas countries.”

“SIBOR has reached a historic low, and SOR has dipped again recently. It is expected that both rates will hover at this low point until the end of this year. Compared to 2007, when the 3-month SIBOR rate was 3.7%, it is now only 0.54%, and SOR is at an even lower 0.36%. Many of our clients have made use of this opportunity to refinance their current properties, and have enjoyed substantial savings,” added Mr Lee.


Media contact

Mr John Lee
Head of LoanGuru
AllProperty Media Pte Ltd
Contact number: 6572 9299
Email: john@loanguru.com.sg

About LoanGuru:

LoanGuru.com.sg is owned and run by AllProperty Media Pte Ltd, the founders of www.PropertyGuru.com.sg – Singapore’s leading property website used by 1.6 million people every month.

LoanGuru.com.sg is a free online home financing service that helps consumers find the best mortgage loans to finance their dream home - easily and fast with just a few clicks of your mouse. It operates a user-friendly automated system and network with various lenders saves users time from having to scour the market for the best rates. With LoanGuru's help, users can choose the most suitable mortgage plan from the comfort of their own home or office.

LoanGuru.com.sg sends users a customized bank comparison and analysis report, updates with better home financing options and secures exclusive market deals via its banking partners. LoanGuru.com.sg deals with the banks on the consumer’s behalf, making their life easier. LoanGuru.com.sg has relationships with 18 major local and international financial institutions, which means it is able to offer the widest selection of current loans.

LoanGuru.com.sg and its mortgage consultants are highly-experienced in the financial and property sector, and most importantly is accredited by the Mortgage and Finance Association Singapore (MFAS).

For more information please visit www.LoanGuru.com.sg or email enquiries@loanguru.com.sg
Allproperty Media Pte Ltd
Romesh Navaratnarajah
+65 6238 5971