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Investment What is the procedure to buy land?, Same as house?

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nevermindlah
post Mar 15 2011, 01:41 AM

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Joined: Mar 2011
QUOTE(hakawei @ Mar 13 2011, 08:21 PM)
Hai:

May i know what bank offer loan for buying palm oil land?

The interest rate is same as OD rate? How long the maximum loan term?

eric
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Agribank.


Added on March 15, 2011, 2:10 am
QUOTE(hakawei @ Mar 14 2011, 11:28 PM)
Anyone can share the loan to buy agriculture land with or without palm oil.. How many years of loan tenure? How much can loan up to?

Anyone took land loan from agriculture?

eric
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Loan from bank of course you need collateral, say "fully paid house".
Unlike houses, land normally not accepted as collateral, sebab susah jual.

Ask the loan department for details.

As usual, you got to prove that you are able to pay back, then bank will lend to you.
Proven and established business, like doctors, lawyers etc.

Kalau employee, might kena ambil insuran for loss of employment, even if you work for government.

Put long story short, I tak dapat bank loan. Not qualified.


Added on March 15, 2011, 2:16 am[quote=michaellee,Mar 14 2011, 02:52 PM]

Actually 1 acre can build more than 8 terrace houses. If a terrace house is around 20x70, then your area would be 1,400 sq ft. You can build more than 20 terrace houses in 1 acre depending on your town planner.

No lah. It is more like 12 houses per acre. sebab kena ada reserve jalan, dsb.


This post has been edited by nevermindlah: Mar 15 2011, 02:16 AM

 

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