Get clear answers before you decide.

If you choose the mortgage route, the participating bank will assess your application and decide how much it can approve. Knowledge Court can guide you through the property process, but the bank makes the final lending decision. If the approved amount is lower than the balance, a Knowledge Court representative will explain the available payment options.

Only the participating bank can confirm this after reviewing your application. The bank may consider your age, provable income, existing loans, monthly obligations, credit history and ability to repay. Knowledge Court cannot guarantee mortgage approval.

The bank decides which income it can accept and what proof it requires. You should disclose the income and provide the available records, but it should not be treated as accepted until the bank confirms it.

Couples may apply jointly. The bank may consider both applicants' income, age, debts and ability to repay. In some cases, the bank may structure the younger person as the main applicant when considering the repayment period, but the bank decides the final structure. A joint application does not automatically guarantee approval or a larger mortgage.

The bank will decide how much weight to give that income after reviewing the employment and income records. Do not assume that temporary income will be accepted before the bank confirms it.

There is no safe fixed amount to promise. The approved amount depends on the participating bank's current rules and its assessment of your income, age, debts, credit information, ability to repay and the property valuation.

The exact approval time must be confirmed by the participating bank. Timing depends on the bank, the documents supplied and the applicant's circumstances, so Knowledge Court cannot promise a fixed approval period.

The participating bank will provide its current document checklist. It may ask for identity documents, employment or business income records, bank statements, details of existing debts and other supporting documents. The bank's current checklist is the final guide.

Do not assume that the mortgage will cover the full balance. If the bank approves a lower amount, an authorised Knowledge Court representative will explain the approved alternatives before you commit further funds.

No. The calculator is a planning guide. A working fit means your figures appear ready for a bank review, while needs review means some figures may need to change or be checked by a person. Neither result is an approval or rejection. Only the participating bank can make the final decision after checking your application and documents.

The calculator uses the mortgage amount, the fixed 9.75% annual MREIF interest rate and the repayment period to estimate a monthly payment on a reducing balance. The approved loan amount and repayment period that apply to you will still affect the final monthly figure.

You may propose a larger deposit. A larger deposit can reduce the mortgage amount you need and may reduce the estimated monthly payment. Knowledge Court and the participating bank must confirm the payment structure in writing before you pay.

A bank may limit the repayment period by the applicant's age at the end of the loan. This means an older applicant may receive a shorter period and a higher estimated monthly payment. The calculator uses a working planning rule, but the participating bank's current written age and repayment rules will control your application.

The mortgage calculator shows the latest bank funding information supplied to Knowledge Court and the date it was received. This list can change. A bank shown as available has not promised to fund your purchase, and its funding position and willingness to assess your application must be reconfirmed before submission.

It means the latest information supplied to Knowledge Court did not show funds available from that bank at that time. It does not mean the bank is permanently closed to mortgages. Its status may change, so current information should be checked again when you are ready to submit.

Yes. This calculator is built for the MREIF mortgage route. Its 9.75% annual interest rate is fixed, not variable, and the buyer cannot adjust it. Any MREIF charges stated in the approved offer are also the set charges for that route. A charge that is not shown in the calculator or approved offer should not be treated as part of this estimate.

The MREIF calculator does not use NHF contribution. It asks whether you have a Retirement Savings Account (RSA) and whether you can move your salary if required. The participating bank will confirm how either item applies to your application before submission.

A business owner or self-employed person may apply, but the bank will decide what income it can accept. It may request business registration, bank statements, tax records, contracts, invoices or financial records. The participating bank's current document checklist is the final guide.

It may. The bank may review existing loans, monthly debt payments and credit history when checking affordability. A past issue does not allow Knowledge Court to approve or reject you. Disclose accurate information and let the participating bank make the final assessment under its current rules.

Yes. While the apartment is still being completed, you may use the available time to increase your deposit, strengthen your provable income, reduce existing financial obligations or prepare the required documents. This does not guarantee mortgage approval and does not automatically extend a payment deadline. Your applicable timeline must be confirmed in writing by Knowledge Court.

Yes. After payment is completed and the individual property documents have been processed, the apartment may be presented to a bank as collateral. The bank will still carry out its own checks, valuation and loan assessment before accepting the apartment as security.

You may use your existing bank only if it is participating in the current mortgage route and agrees to assess your application. Check the banks shown in the mortgage calculator. Having an account with a bank does not by itself guarantee funding or approval.