For loan facilities like mortgage loan you need to prove with either Epf statement or income tax, some bank might require both. So it doesn't means just prepare payslip and bank in the same date as payslip

Do bank look at gross income(after minus epf, include claim+ OT etc)

or only look at basic(net after minus epf) ?

gross income with commission or OT need to provide 6 months payslip to count average monthly income

Hi,

Bank calculate your ability to pay back the loan by BASIC + COMMISSION + OT + FIXED ALLOWANCE income (after minus epf, socso & etc)

Basic DSR is at 70%, so banks can up to 90%, depends on case to case basic.

Thanks

This post has been edited by stabella: Mar 29 2015, 09:43 PM

Hi,

Staff from bank are not allow to help you issue the payslip.
You may look for accountant or who are experienced on this to help you.

Thanks

Need to refinance my property but my commitment is a bit high, anybody can help?

How high? Any support income like rental income/ part time job? Because refinance the cash out part commitment counted as 10 years while the rest counted to max loan tenure.

its depend on how high is your commitment

which bank can up to 90%?

you means dsr up to 90%? depends on your job scope, if self employed can up to 100% , if for those have net asset 150% can go up to 150% for dsr calculation,

while if loan margin 90% normally is commitment is ok and it's first or second house, shouldn't be any problem for 90% loan margin, unless clean ccris report then margin might drop till 80%

For DSR up to 90%, it really depends on each bank's policy PLUS certain condition.

Thanks

Can a CIMB mortgage officer message me pls. Need to finance a property that can only be done by CIMB.

This post has been edited by houlierr: Apr 5 2015, 12:59 AM

To refinance cash out only can loan up to 10 years?

Cash out some bank can follow according to your loan tenure but dsr for the cash out part will count as 10 years

sorry for my silly question.
total loan amount 400k
public provide me 4.4% with semi flex.
cimb provide me 4.45% with full flex.

any idea on which bank to choose?

Public bank. If you're not self employed semi flexi is more than enough. And full flexi there's a commitment fees that need to pay annually.

is it true that fulll flex can be reduce all the total certain amount ?
as everymonth i extra pay rm100.

im confused on choosing semi and flex..

What do you means by all total certain amount? I don't think every month need pay extra rm100 but normally there will be monthly fees like rm10-15 depends on banks and yearly charge rm100-150 depend on bank. My advice semi flexi is more than enough there's just a charge when you need to withdraw money from your mortgage loan account, if no withdraw you don't need pay any single fees

This post has been edited by ims2628: Apr 6 2015, 11:22 AM

looking for direct banker from CIMB, Public Bank, UOB & RHB. pls pm me. Thank you

hi,let say my loan is 400k. my monthly repayment is rm1880.66 with interest rate 4.45% for 35 years.

i everymonth top up a rm100, means i every months pay rm1980.66 until 35 years.

which means duration of 35 years, i save rm50400 on total interest.

above is full flexi provide by cimb.

semi flex by public got any comparison or chart to show?