Hi,

I need help here.

I'm buying a house which retails at RM580k. But as a staff, I get 10% discount which make the house RM520k.

My loan is approved (RM500k loan) based on the house price of RM580k. But my S&P which i will sign end of december, the S&P price is RM520k.

Will there be a problem because my loan amount is more than 90% of my purchase price. I must loan 500k, i cannot loan lesser than that to prevent lock period.

Hope to hear some input on this.

Thanks dario for the prompt reply.

The bank knows that I'll be purchasing it at RM520k as I told them that when I apply the loan.

Now that the loan has been approve there's some documents for me to sign, I saw that under a page, it is clearly stated that the buying price of the property cannot be less than RM580 (which is the market price). My only concern is of that statement, that's why I seek some advice. I've talked to the loan officer verbally over the phone. She says should be alright. I dare not risk verbal communication because she might say something else later.