Exactly, you got it!

And thanks for the update. Time to try selling CIMB products hehehehe.

Well if you need help in any way finance-related, do tell.

Have a good one.

Here is OCBC and OCBC Al-Amin's DSR limits:



It will be quite the hassle because:

1. You will have to have a lawyer to prepare an agreement, that you would sell your share to your wife, new Sales-purchase Agreement (SPA) fees, can be expensive

2. You will need to source for a new home loan because the owners have changed, new Facilities Agreement (legal fees)

50% isn't that much actually, if you are buying a house that cost RM550k, the stamp duty for the SPA is RM10,500. So in this case, you would get a discount of 50% or RM5,250. The cost of the new SPA and Loan Agreement would far exceed that savings

Hi, at that house price, you can confirmed get:

1. BLR - 2.35%

2. 35 years tenure if you are younger than 35 years old

3. 4% for legal, valuation, and stamp duty fees

4. Up to 10% for MRTA/MLTA, or you can choose not to insure this liability

5. Option for renovation loan for up to 30% of the house price, at the rate of BLR - 0% = 6.6%

6. No lock-in period

I hope that my bank has a better offer than the ones you already have gotten, in that case, and if you are interested, we can meet up tomorrow at, say 10AM (?) near Kelana Jaya.

You can reach me through email or phone number listed in my signature. Thank you

Hi All Banker,

Would like to ask how much loan could I get if my salary is 3k+++ but I put it at 3k nett? I have zero debt and no owing to any bank. I would need to know so that I can prepare before hand any purchase of subsales or developer housing project.

Thanks!

wat is debt service ratio? meaning I borrow 60% only?

This post has been edited by Newcastle: Aug 25 2013, 09:47 PM

It means the total monthly repayment (total) that your Nett Income can support.

EG: IF your Nett Income is RM2.9k then it is RM1,740 monthly instalment (Inclusive of car, housing loan and etc.)

This post has been edited by DreamChaser85: Aug 25 2013, 10:47 PM

Hello, sorry this is my first time buying house, plz help me to choose

Please advice:-

1. Property price: RM165,000
2. Loan Amount 100%
3. Salary: 1853.25 individual (+ 1986.75 house)
4. No other loan, no credit card

http://www.imoney.my/home-loan

Q:-

1) how much i need to pay for monthly?
2) how much i need to pay for other cost like lawyer etc?

PM rate and package =) thx

If retired people can get loans ahh? Max is 70 yrs old right, if can!

Under uob, thanks for the second paragraph..

Yes they can.

1. Tenure limit is up to 35 years long, or until borrower reaches age of 70 years old (for OCBC, other banks may have a different age limit, but none that I know of is higher than 70 years old)

2. But that fella needs to have an income of any form:

a) Rental of property
b) Dividen from shares
c) Distributions from unit trust
d) Director's fees
e) Salary (perhaps he continues working in the private sector)

3. Banks don't really care about YOU per se, only that you cannot be past 70, and must have recurring income to repay your debts

My pleasure!

Helo Annas

1. For that loan amount, you can get BLR - 2.2% = 4.4%

2. Refer the table below for information on your other repayment

3. Keep note that I am assuming that you are younger than 35 years old and that the income you stated is your net income, which is your gross income minus your EPF.

4. Also, please get a credit card or any form of cheap loan so that you can start building your credit history in CCRIS. Banks prefer customers with a CCRIS record than ones without one. But make sure it is a clean record!

5. The calculation done below is pending approval from the bank. Treat it as a rough figure of your capacity to secure a loan, but nothing is guaranteed.



Hello

1. When we talk about net salary, we are referring to your GROSS SALARY plus FIXED ALLOWANCES , deducted by EPF, SOCSO, and PCB (tax). So in short, if your gross salary is 3k, it is not likely that your net salary is 3k too...

2. Now, please, do yourself a favor and get a credit card. In fact, get 2 credit cards from different banks. Or if you need a car, get one now. You see, banks prefer customers that they can measure up, to do so, they need to see their potential customers' CCRIS record.

If you do not have any CCRIS record, you would be classified as riskier than those who do have a CCRIS record (a clean one)

Obviously I would have you pay your debts on time so that you CCRIS record will be BEAAAUUUTIFUL.

3. Take a look at the table below. I really am not sure how much your salary is, but I made an example of someone with RM2995 as net salary, and another person with RM3005 net salary. Btw, do note that BONUSES can be included into the net salary calculation!!!

4. Debt-service ratio tells you the portion of your net salary that can be used as debt-servicing. This debt-servicing amount includes your current repayment-commitment to all registered financial institutions, as well as the new loan that you are applying for.

For example, if you have a salary of RM4000, with OCBC, your DSR limit is 80%. That means up to RM3200 can be used as debt-repayment. Let's say your current loans takes RM2000 for loan-repayment, that means you have only RM1200 left as loan-repayment for the purpose of getting a new loan, for example a housing loan.

As such, it is great to have a bank that can offer a high DSR-ratio limit!



This post has been edited by wild_card_my: Aug 26 2013, 04:12 AM

Thank you for advising me on PM....Mr. Wild_Card_My.

Cheers!

thanks

That one's link is down. Try this

thx

looking for free moving cost loans.
doing refinance.
pm me if you are keen to take up my kecik miao loan.
thanks in advance.

Which Bank?

Hi all,

I'm plan to buy a land in bangi. Size around 6200 sqft.. asking RM255K.

Any banker can provide me their loan package? Thanks

hi all bankers here,i am looking to refinance my prop.

currently,financing under maybank at 4.4%

If u have a better offer,pm me.

hi, i've paid 3% earnest deposit for my property around 370k. need to get loan now. please pm me which bank youre from and whats the blr that you could offer me. thanks. im at selangor fyi.

This post has been edited by longu1: Aug 29 2013, 10:30 PM

Hi There..

Planning to buy a subsale townhouse unit in D'Impian Tropika in Taman Empian Ehsan,Balakong. Total buld up is 1480sqft total. Kindly extend me the best packages and max loan can apply for this property.

hi there, we have pay 10% deposit for1 mil semi-D, looking for housing loan adviser, please adviser.

Dear mortgage officers,
i 'm looking for someone who could provide me the current market value of property after i provide those necessary information. please PM me, thanks in advance.

hi how much does CIMB charge for the purchase of loan document?

I can help you with that.

For that house price you can confirmed to get BLR - 2.30% with legal, valuation, and stamp duty included into the loan.

I have a number of banks under my wing and can probably offer rates from them too. It's only that only OCBC can give fixed and guaranteed rates.

Hello, I am Faiz

1. For that property price, you can get up to BLR - 2.45% depending on your risk profile and up to the bank's approval

2. legal, valuation and stamp duty fees can be included into the loan

3. I have 5 banks under my wing, I will look at your profile and recommend the best 3 that is suitable.

Hope to hear from you soon.

hello. Can you share with us the purchase price for this property? Interest rate is usually based on loan amount

Thank yoy

Helli, I can help you with that. I have 5 banks under my wing, I just need to know more about you and your property. You are welcome to contact me through email or call me and we can set a good place and time to meet.

Thank you

Purchase of loan document? What is that?