IQI and Finology partner to facilitate loan approvals for property buyers

26 November, KUALA LUMPUR: IQI formalised a deal with Finology to use its instant loan eligibility check system for property buyers via their product Loanplus.

IQI is a leading real estate firm in Malaysia, with over 5,000 agents and with business interests around the world. IQI strongly believes in technology and is constantly researching and pioneering cutting-edge services in the property sector, connecting buyers, agents, properties and facilitating transaction execution.

Currently, property buyers face challenges finding out their property loan eligibility and accessing information on the best possible loans for them. The team at Finology has developed a complete solution to address these issues under the Loanplus product. With Loanplus, buyers can find out detailed information about their loan eligibility with 17 financial institutions in around 10 minutes.

“At IQI we believe in technology and are a keen advocate and supporter of technology in the real estate sector. Technologies such as blockchain will transform real estate transactions and at IQI we have dedicated teams working on areas such as smart contracts – one of the key components in digitizing real estate transactions in a blockchain. Coming together with Finology will be mutually beneficial for both parties and ultimately provide a superior service to buyers,” said Kashif Ansari, Group CEO of IQI.

Group CTO at IQI, Nabeel Mungaye said: “Innovation is the key to any industrial expansion and this partnership will ensure the growth and advancement of the real estate market in Malaysia.”

Jared Lim Chu Ern, Managing Director at Finology said: “We are delighted with this partnership and to have been selected by IQI. The Loanplus platform will benefit all IQI agents and their buyers – we look forward to rolling out across the whole IQI network”.

The IQI and Finology partnership will enable:
• IQI property agents to qualify property buyers within minutes
• Property buyers to understand their loan eligibility and best-matched property loans across 17 financial institutions in just 10 minutes

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