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Full Redemption / Fully Redeem (还清贷款) - PropertyWiki

Full Redemption / Fully Redeem (还清贷款)

When you mortgage your asset to a mortgagee (typically a bank), the ownership of the asset is transferred over to the mortgagee as a form of security for a loan. However, you have a right to redeem this mortgage, which entitles you to call for the re-transfer of your asset when the secured debt is satisfied.

Source: Singapore Legal Advice