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 how investors get multiple loan, how investors get multiple loan

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koopa
post Apr 4 2010, 01:14 AM

On my way
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From: Bowser Koopa Castle


Yes its possible. Its even possible to get 100% loan for your 5th commercial property. Nego SPA price, nego with valuer etc.. And yes its possible to take multiple loans. Normally bank allow up to 60% or some 75% of ur salary.

But if u have a good record, you can go up to 80% or like what pie said, 90% without tenancy agreement. With tenancy agreement, i've gone almost 290% of my original salary. It might be hard to get it approved. Once i went to 14 banks to get a loan approved. Its hard but, it is possible.

Good luck trying. smile.gif

This post has been edited by koopa: Apr 4 2010, 01:16 AM
koopa
post Apr 4 2010, 04:03 AM

On my way
****
Senior Member
594 posts

Joined: Mar 2005
From: Bowser Koopa Castle


QUOTE(vdfoo @ Apr 4 2010, 02:23 AM)
290%? how is it possible? does it combo with ur tenancy agreement?
*
Yeah, with tenancy agreement. Brings it down to 80% back.
koopa
post Apr 5 2010, 05:14 AM

On my way
****
Senior Member
594 posts

Joined: Mar 2005
From: Bowser Koopa Castle


QUOTE(Pai @ Apr 4 2010, 04:44 PM)
chief, which bank is that?  smile.gif
*
Maybank
Public
Ambank
EON
Std Char
Alliance
Hong Leong
CIMB
RHB
Al-Rajhi
Muamalat
HSBC
Bank Islam
Affin

Mostly in that order coz i happen to have the book i note down the bank lists here with me. Haha. In the end only 2 bank approve my loan. But one of them didnt get the value i wanted, so i went with Al-Rajhi. Theres alot more im too lazy to try like UOB, RBS and those foreign banks.

Damn now Al-Rajhi BLR is 6.10..


 

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