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This post has been edited by Xai-V-iaX: Dec 13 2011, 10:53 PM

Let's say you're earning RM 4k in salary (excludes commission), you should be allowed 30% only which is RM 1.2k max in your loan.

RM 1.2k would only get you a housing loan of 300k for 30 years.

Unless u have another co-borrower/tons of cash as downpayment, you wont be getting the house of RM450k.

A safe assumption of how the banks calculate your eligibility would be something like

40% of your stable income - current commitment = What you can afford to pay monthly.

I don't know how lenient are bank these day, but with RM3k salary, you could probably only buy a house with a max value of RM300k.

you may want to provide information that may somehow suppport you have additional income coming in, or you have spouses who will be paying up the mortgage with you together, then perhaps you can get more from the loan.

Thanks for your feedback mate. Does an fixed monthly rental is included in the laon cap. I have an monthly rental return from my parent's house that is rented out.

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Added on October 6, 2009, 4:51 pmRecently, I came across a housing loan by UOB called Graduate Loan. Its supposedly meant for graduates. Any idea on how this work guys? I'm an foreign Engineering graduate by the way.

This post has been edited by Xai-V-iaX: Oct 6 2009, 04:51 PM

tat oso hasnt taken into account of ur credit card status yet..

hi bro, i am from public, if u get a loan for 450k, and repay in 40yrs , u need to pay around rm1703 as monthly installment

and it may be too high because balance2.5k haven deduct ur daily expenses

Hi, I am from Standard Chartered Bank. If you get loan for 450k and repay in 30 years, you need to pay around RM1922. It maybe too risky for you if base on your current income RM3000. It will affect your cashflow as well. But, your salary also will be increased according to your experience. Currently, Standard Chartered Bank offers the lowest interest rate in market. Welcome you to contact me if you have any enquiry.

Looking forward to hear from you soon.

Is the package Standard Chartered is offering is similar to the OCBC's Graduate Loan package....?