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how investors get multiple loan, how investors get multiple loan
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koopa
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Apr 4 2010, 01:14 AM
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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. This post has been edited by koopa: Apr 4 2010, 01:16 AM
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koopa
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Apr 4 2010, 04:03 AM
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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.
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koopa
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Apr 5 2010, 05:14 AM
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QUOTE(Pai @ Apr 4 2010, 04:44 PM) chief, which bank is that?  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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