I am referring to the article at http://malaysiahousingloan.net/2010/11/05/...-loan-criteria/

Example 1 :

Mr A has 3 existing home loan with few banks.

Ms B has only 1 existing home loan with bank.

Now, Mr A would like to purchase a new house with Ms B. Sales and Purchase agreement under Mr. A and Ms B.

Scenario 1:

With an assumption, the new home loan under Mr. A name. The home loan entitlement will be up to margin 70% only. Because, this is Mr A’s 4th home loan.

Scenario 2:

With an assumption, new home loan under Ms B name only. The home loan entitlement will be up to margin 90%. Because, this is Ms B’s 2nd home loan.



I fall into Scenario 2 and were trying to apply loan from bank using my sister's name.
Just got the loan application rejected by OCBC and RHB.
Is scenario 2 no longer applicable now? Anyone under scenerio 2 manage to get your housing loan done recently and with which bank?

Yes, was trying myself as a guarantor and my sis as main applicant, was told the income ratio can be 70(myself):30(my sis) but still get rejected reason given was

RHB: Boss said cannot now.
OCBC: Too many existing housing loan/property. I got 3 under my name & actually 2 is residential 1 is commercial title.

I've just met with the OCBC banker to find out the detail of rejection and the said reason is that i have 3 existing loan, my sis have 1 existing loan so with this new loan that will be 5 total loan and they can't give 90% if total loan is 4 then it is fine. Income was no problem.

The MBSM loan is this?
http://www.mbsb.com.my/retail_home_financing.html

Confirm they able to bypass BNM 3rd property rules?