Dear Sifus, i got housing loan offer as below:

A*bank
Loan amount: 643,083
35 years
interest 4.45%
Lock in 3 years

what u guys think?

Hi, may I know what is the best rate could get in market now for loan amount 450K? Is 4.3% possible? Thank you.

Hi, I looking for a loan 391K  with 30 year, which bank product you recommend ?

Need Sifu help for my friend, hopefully myself soon 

Buying a 800,000 price house new
developer only include S&P, loan fees my friend must pay himself

1. What is the maximum amount my friend can loan? (first house) (want to take 35years)
2. He only want to pay 50k for downpayment with all the etc money have to pay, can he make it?
3. If 50k is not enough, how much actually he have to pay total including everything eg: downpayment, fees and etc

Details
Age: 27
Nett Pay: 9000
Bonus: No
Others income ( specific ): No

Commitment
Car: 666/month
House: no
Credit Card Outstanding: no
Personal loan: no
PTPTN: 200/month
Insurance: 380/month

Edit to include insurance

my friend thanks for the fast reply 

1. That mean no matter what have to have 80k downpayment, the 16k loan agreement finance into the loan mean the loan will be 800k-10%=720k. 720k+16k=736k?
2. How much normally for mrta for this price of house?
3. So total need to pay is 80k to own the house, excluding renovation, i mean basic $$ need to pay to own a house.

Thank you all for the info, it's really help alot. My friend say thank you for all.

If required any assistance will ask my friend to contact you all. 

what bank best offer for commercial loan ? can loan max how many % ? and can installment 35 year ? i am business  man , can use trading lesen and last 6 month company bank statement to apply loan ?  i dont have epf. and income tax , what bank can accept ? thx

how bank calculate my 6 month statement to my income ?

If I want to buy this property, how much loan can I get? It'll be my second property.

I have only 1 commitment (which is the housing loan).

The link is here: https://www.facebook.com/events/548845878659854/

9 Seputeh Development. I'm planning to check it out on merdeka's day

let say  credit amout per month 100k , how many % ? for my income ?

i want ask about miscc , i am business man
i dont have socso and epf n tax , how come rm6102? thx

May I ask, based on what judgement you are saying it was improper info, any evidence or documentation to support your statement?

i have declaring income tax last year rm49000 only , so bank calculator my income from income tax 2015 or from my last 6 month company bank statement?

how can apply sme loan for business ?

AIA insurance agent selling insurance while helping people get loan?

I think you are just trying to cross sell your insurance products.

I hope people get expert advises from an actual mortgage consultant, instead of a half baked self claimed expert who provide so so service, while main objective is closing AIA insurance on their clients.

I came across insurance agent helping me with my mortgage loan before, promising everything will be alright and will get my loan approved. In the end it fails, and gave alot of stupid excuses. In the end, trying to sell me huge sum insurance, though they failed in approving my loan. I would never listen and believe insurance agent whom proclaim can get my loan done.

If you sell insurance, just focus on your product line. Don't try to be expert in two line.

my5c

Hi guys,

Need islamic housing loan for under con property. total around 240k-250k.
Anyone can recommend me a banker?
Thanks

hello all,

need some sifus advice here.

Question1
im aware that banks are offering flexi and semi flexi whereby extra lump sum payment is treated as a CAPITAL REPAYMENT thereby reducing interest rate charge and years outstanding. i.e. after lump sum payment, im still paying the same installment amount, but now its shorter. but what i dont understand is how much of interest will it save and exactly how many years outstanding it will reduce. anybody here can share the calculation method please?

Question2
instead of treating my lump sum payment as a mean to reduce year outstanding and interest rate charge, can i opt to still repay the capital portion and reduce monthly installment paid?

e.g.
loan 800k
interest rate 4.35%
30 years loan
4000+ montly installment
after 3 years make capital repayment of 300k and request to lower monthly installment.
is this equivalent to now taking loan of 500k over 27 years?
how about the interest paid earlier on the loan of 800k? will it bring forward?
is this repayment considered as loan refinancing?
how does it affect lock in period?

thanks guys

thanks bro.

do you have further details on MBB full flexi for reduction of monthly installment given upfront partial capital repayment?

on the 2nd example, for other banks that does not offer a lower monthly installment, is it true that it will be considered as a loan restructuring?

i got a lil doubt. For semi flexi and full flexi loan. Lets say if i make a loan of 300k for 30 years with monthly installment of 1.5k. Then i put in a lump sump of 300k in my current acc that link to the loan. Will my monthly installment of 1.5k straight away deduct principal repayment with no interest for the rest of the loan period?

Oh i see, in your opinion what is the best way to do this? to pay the least interest as possible and settle the loan at the soonest without getting penalise or being harassed by income tax