What are cimb and maybank dsr? Or any other banks.

Thanks

TO be used as a guide only, information may change and I will not be responsible for any inaccuracies. In addition, this is a setup for a general case 90% MOF on a single applicant. Each bank actually has a matrix of DSR limit that depends on the borrowers' risk levels, income levels, commitment levels, margine of financing applied, and the number of borrowers. Everything listed is based on net income that is after you deduct the statutory deductions such as SOCSO, EPF, and TAX, but inclusive of all you income such as rentals, dividends, bonuses, allowance, etc. As per not to divulge all information openly, I will not disclose all of their names.

Here is the list, DSR vs nett income

O

60% <5k
70% 5k-8k
90% > 8k

A

45% <2k
55% 2-3k
60% 3-5k
80% 5-10k
85% 10-15k
90% 15k
100% HNW

AM

60% <3k
70% >3k

M

-same as AM-

H

60% <3k
85% >3k

Don't forget to contact me for any of your mortgage, insurances, and investment needs. I am as helpful to you as I am to everyone on this forum!~

Dear all,

I am looking for Alliance Bank and CIMB housing loan agent (Prefer PJ area) .
Any agent from these 2 banks pls PM me.

Thanks

Hi guys a question

My fiancee is a government servant. I wonder if she joins name with me for housing loan (non government loan).

Will it affect her to get housing loan under government scheme next time?

Just think to save her quota since government loan interest is more attractive

Regards,
Alex

Faiz, thanks for the repply. i think i will contact you soon to look into maybank or some other banks u do.

By the way, is there anybody doing Public Bank? Kindly drop me a PM.

A few years ago I have spoken with an agent who helps with government servant looking for government loans, he said and I quote "no, the current commitments held under private banks will not affect the government servants' application for their own government housing loan scheme. The latter relies solely on their grades and income levels"

I always tell my clients to apply for commercial banks first too, to "save" their government loans, as if you apply for government loan first, the commitment will appear in your payslip and it will affect your application, while the reverse is not true.

But I have to put a disclaimer here that I am not involved in any way with government loan application and processing, so I cannot represent them. It would be best if you can have your fiancee to talk to someone in the agency itself.

You are welcome.

Thanks

Bought last year? your loan don't have lock in period?

Islamic loans dont have lock-in periods, and the interest rates are capped at about 8 ~ 11%, which makes it inherently better than conventional loans. ALl of my non-muslim clients take Islamic loans due to these benefits.

you had missed out the point, for islamic loan legal fees is more expensive. And not all bank islamic loan doesn't have lock in period just FYI.

and previous quoted mention loan on public bank

FYI Public Islamic Bank Home Loan comes with a lock in period of 3 years. If you refinance or sell your property within a 3 year period, you will need to pay an additional 2% of the outstanding loan amount to the bank

This post has been edited by ims2628: Jan 24 2015, 02:00 PM

Just a few documentations extra, but since you proposed can you elaborate on the extra costs of the legal fees? The differences and everything else? Please be as detailed as possible. Ive seen many people quote that the legal fees are more expensive with Islamic loans, while I admit there are a few extra documentations, no one has ever showed the numbers to depict the differences. Maybe it would be you this time. Maybe it wouldn't as usual.

FYI OCBC and Maybank have no such clause. Islamic loans from these banks have no lock-in periods, at least none that I took note of. If you have proof that these Islamic loans have any elements of lock-in periods, you can present it here, we can discuss as I am very open to civil discussion. But I dont like people making misleading statements especially those without anything to back them up.

This post has been edited by wild_card_my: Jan 24 2015, 02:45 PM

I'm previously work as Public Bank Banker for 5 years, i'm very sure Public Bank islamic loan have lock in period. If you're not dealing with this bank and you're not familiar with it don't simply said all islamic loan is without lock in.

https://www.imoney.my/home-loan/public-islamic-bank

That is fine and dandy, but it must be noted that when I said that it was based on the 5 banks that I handle as well as BNM's directive. It helps when a client bothers to read up the T&A as stated on the LO. I don't know why PB refuses to remove the lock-in periods despite the BNM's directive. In general, there aren't any lock-in period, but sure there will be exceptions.

You doesn't stated when you reply my quote earlier its base on the 5 banks you handle, you only reply islamic loan doesn't have lock in period which is totally mislead info, and there's no exception for PBB bank

and you claim that the 5 bank you're handling doesn't have lock in which is another mislead info, so far only i know that Maybank and CIMB are offering no Lock in for their islamic loan

OCBC
The Home Manarat-i package is a semi-flexi home loan that offers lock-in flexibility. Lock-in is optional, with non-lock-in packages prices slightly higher than packages with a lock-in period. If you do not intend to refinance or sell the property within 3 years, having the lock-in period should be considered. After all, the optional lock-in period of 3 years is still relatively low when comparing across all Malaysian banks.

For loans with an attached lock-in period, a 3% early settlement penalty, based on the outstanding loan amount applies when the property is sold/ refinanced within 3 years.

https://www.imoney.my/home-loan/ocbc-al-amin


AMBANK
AmBank housing loan is a mortgage based on a floating interest rate. AmBank Home Loan has a lock-in period of 5 years – one of the longest lock-in periods in the market.

https://ringgitplus.com/en/home-loan/AmBank...hYYvRoCE37w_wcB

https://www.imoney.my/home-loan/ambank

Alliance Bank
Alliance Islamic Bank Home Loan features a lock-in period of 3 years, which is an average lock-in period, competitive with other home loan products from most banks. In case you want to make an early settlement and complete your loan repayment before the 3-year period ends, you will expect to pay a penalty fee of up to 3% on your outstanding loan amount.

https://www.imoney.my/home-loan/alliance-islamic-bank

HLB
Hong Leong Islamic’s full-flexi home loan has a 3-year lock in period and you can expect to pay an early settlement fee of 3% in case you want to complete your loan repayment within this period. These are average conditions when compared to other home loan products in the market. Its term loan offering has no lock-in period.

https://www.imoney.my/home-loan/hong-leong-islamic

RHB

RHB Islamic Home Loan includes a lock in period of 3 years and you will have to pay an early settlement fee of up to 2% on your outstanding loan amount if you plan to complete your loan repayment within this lock-in period.

https://www.imoney.my/home-loan/rhb-islamic-bank

Understood, in a way they can be misleading. I will change the way I mention it then. OCBC really does not have any difference in interest rate prices between lock-in and no lock in periods though.

Yes, i know there is a lock in period for the loans. Even so, you still got the benefit from the cash out from the refinance, so it's ok.

The previous agent i deal with did mention that if we refinance with the same bank we can negotiate to waive the lock in penalty. Which is why i'm looking for an agent doing mortgage loan for public bank to clarify on this matter. Not sure how true it is. If it is not true might as well shift to other banks.

Hello any banker from CIMB and RHB and UOB?

Btw, I done my Alliance Bank application

Pls msg me

TQ

I going to buy a under construction house. Wonder which bank can offer the loan up to 40 years.

None from my side. If there are banks offering 40 year tenure do share. I would like to know too

then what is the max tenure loan? 35 years?