QUOTE(Fabio1 @ Dec 30 2011, 10:40 PM)
Talking to CIMB across the board 80% only, I doubt any majority, only may be small numbers who pledge with FD or other guarantees or collateral,
You guys better get commitment form developers on your 90% loan margin, you all going to get into real bad situation if you don't arrest it now.
Going by the book can the developer sell the property prior to all necessary approvals, kindly enlighten me , need to check with HDA on this any contacts
Yes i have seen approval letter for 90% from CIMB for this project and not 80% across the board. You guys better get commitment form developers on your 90% loan margin, you all going to get into real bad situation if you don't arrest it now.
Going by the book can the developer sell the property prior to all necessary approvals, kindly enlighten me , need to check with HDA on this any contacts
I am a banker, investor and purchaser of the Leafz. Approval of 90% is based on individual financial standing and commitment and can be subjective. I believe all bank's are very cautious now with more stringent guidelines from BNM. If you need 90%, you need to provide more back up funds, savings, investments or get a related joint borrower. Pls PM me if you need assistance, I can get some reliable cimb managers to contact u. Also try to apply a few banks to see which one offer 90%? Remember Non of the sales officer can approve your loan!! Must get the approval letter and don't believe verbal promises!
Dec 31 2011, 12:30 PM

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