Loan Settlement & Discharge (Property)

When you have fully paid off your housing loan or refinancing facility, your bank must issue a loan discharge or redemption before the title can be released. Our firm ensures the entire discharge process is completed efficiently and accurately.

Why Loan Discharge is Important

• Removes bank’s charge over your property
• Allows transfer of property ownership
• Required for refinancing or selling your property
• Ensures no outstanding liabilities remain

Our Loan Settlement & Discharge Services

• Preparing discharge of charge (Form 16N)
• Preparing deed of reassignment (for non-title properties)
• Obtaining redemption statement from bank
• Submitting documentation to land office
• Updating land title records
• Coordinating with new bank (if refinancing)

When You Need This Service

• Full settlement of housing loan
• Refinancing to a new bank
• Selling your property
• Early redemption to reduce loan interest