Dear

1. May I know who did you asked?

2. From my side, maybank reno loan still active, just that not easy to get this loan approved.

Cheers

Dear

1.
To get an actual valuation from the bank, you need to check with bank panel valuers

Do provide me with below details, so that I can check your current market housing value

-Property full address
- Property type
- Square feet

built up
landsize

-What kind of renovation done and how much it costs?

2. To see whether your loan can be approved, or what's the rate you will get or what's your max loan amount. Do fill in below templates. So that I can assess.

1.Borrower
a.age
b. No. of borrowers
c. no. of housing loan

2. Income (borrower)
a. Gross salary
A:
B:
b.Variable income for business (6months latest)
"1.
2.
3.
4.
5.
6."
c. OT
d. Fixed allowance
e. Variable Allowance (6months latest)
"1.
2.
3.
4.
5.
6."
f. Bonus contractual (1 year bonus amount)
g. Bonus performance (2 years bonus amount)
h. Comission (6 months, each month amount from the earliest)
"1.
2.
3.
4.
5.
6."

3. Supporting income (borrower)
-Tenancy agreement rental (6months)
"1.
2.
3.
4.
5.
6."
i. ASB ( 2 years total DIV)
j. Shares dividend
k. Fixed deposit

4. Debt / commitment (borrower) "joint or indiv"
a. Hire purchase loan
b. Housing loan
c. Personal loan
d. PTPTN
e. Credit card (Outstanding/usage)
(Every card credit limit and outstanding)
f. ASB loan
g. Overdraft

4. Background (borrower)
a. Occupation
b. age
c. currently staying at?

5. Property
a. purchase price
b. subsales or underconstruction
c. freehold or leasehold
d. 1 borrower or joint borrower
e. Strata title or master title

Cheers

Dear,

You are right.

Affin Islamic loan package right now is musyarakah mustanaqisah.
-No lock in period
-ceiling rate
-syariah compliance
-abandoned project, bank will return all the progressive interest payment while installment dont need to pay. The project must be affin bank paneled.


2. Make sure read the terms definition of how affin bank defines the project considered abandoned, in their letter offer.

Other than that, if the interest rate is competitive, it's a good catch.

Cheers

Dear

-Does your payslips shows RM400 stating reimbursement?
-Bonus is contractual or performance bonus?
- What's your 2014 bonus amount?


1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 840,280.50
H*NG LE*NG 1,258,873.17
M*YBANK 1,005,214.53
*CBC 1,005,214.53
R*B 1,183,868.57
U*B 1,005,214.53
C*MB 1,361,925.83
AFF*N 1,219,070.67


2. The best bank to get the highest loan would be HLBB and cimb. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

3. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."


4. If you need any assistance in this, just inform me

Cheers

Dear

Just based on this brief details:
1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 570,088.83
H*NG LE*NG 646,872.45
M*YBANK 477,309.95
*CBC 477,309.95
R*B 453,119.05
U*B 477,309.95
C*MB 532,145.83
AFF*N 567,851.62



2. The best bank to get the highest loan would be HLBB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

3. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."


Dear

Can you breakdown on

Debt
1. Car loan initial borrowing amount
2. housing loan initial borrowing amount
3. Credit card
Credit card outstanding / Credit card limit
a
b
c
d

Cheers

Dear

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 441,797.22
H*NG LE*NG 720,627.64
M*YBANK 506,540.14
*CBC 506,540.14
R*B 450,658.33
U*B 506,540.14
C*MB 566,830.35
AFF*N 667,665.14

2. The best bank to get the highest loan would be HLBB and. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

3. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

4. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path.




Cheers

Dear

Pmed.


Dear

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 671,685.50
H*NG LE*NG 770,519.83
M*YBANK 612,132.33
*CBC 516,514.00
R*B 525,099.40
U*B 564,323.17
C*MB 616,337.50
AFF*N 721,830.67

2. It doesn't hurt your chances, you just need to apply with banks that are welcomes SGD earner.

This I can guide you.

Below is the table of analysis

3. Feel free to ask me anything

Cheers

Dear engtat,

1. Nope, it's written in your letter offer penalty to pay is "lock in period", late payment etc

YOu will be imposed of penalty charges if you settle the loan in 5 years lock in period, not after that...

2. It depends how your letter offer definite the penalty.

Cheers

Dear

1. It means that the agent submitted as islamic loan, which is unethical where they need to inform and get confirmation from clients before proceeding it, you can ask him her to alter or just switch bank banker.


2. MM is new product.. better than old product BB. MM is similar to conventional loan.
1. -For islamic loan there's 2 package for it, that is Bai Bithaman Ajil (BBA) and Musyarakah mustanaqisah(MM).


For BBA there's a max cap amount that you pay.
example
RM200K LOAN/ 5.5%/ 30YEARS =Installment RM1135.58

Total price to be paid is = RM1135.58 X 30 =RM408,808

This price stated in the contract will be the absolute price, the fixed profit has added into the total payable amount. For loan settlement, For usual loan, you will just need to pay off the outstanding balance stated in the bank, but For BBA product, the total paymentis very vague, no actual formula For it.

Musyarakah mustanaqisah
-tries to be the complete and newer version of islamic loan
- it is similar to conventional loan in terms of interest calculation, interest rate, early repayment and capital repayment. The difference is this loan is a Profit loss joint venture for you and the bank. Starting 10% (DP) will own by you and 90%(bank puchase from the seller) so that doesn't breach syariah law.
- no lock in period (depends on the bank)
- ceiling rate fixed.

it's all about preference.

Cheers

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 548,625.25
H*NG LE*NG 823,356.17
M*YBANK 670,197.67
*CBC 571,084.00
R*B 649,693.45
U*B 620,640.83
C*MB 695,312.50
AFF*N 783,135.33


2. The best bank to get the highest loan would be HLBB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

3. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."




Cheers

Dear

Spread rate lower is better.. but is a subjective topic..

Base rate + spread rate = Effective lending rate

Base rate will alter according to banks need from time to time, hence it will affect your EFL

Spread rate will be fixed throughout the loan tenure.

Hence, banker like to say lower spread rate will be better:

Example:

A) 4% + 0.5% = 4.5% effective lending rate
B) 4.1% + 0.4%=4.5% effective lending rate

Both ELR is the same, but the spread rate is different.

Hence in common perspective sense, people will chose the lower spread rate as it is fixed throughout loan tenure. Thus will say B is better.

But actual sense, there's no best solutions or answer for this. Because, lower spread rate doesn't secure the bank from increasing the base rate in the future and ELR is higher than A in the future.

It's very subjective,

For me, if the ELR is the same, spread rate different isn't differ by alot, I will chose according to few criteria as below:

A. Banks that are easily accessible to your vicinity, why take loan offer form bank when you need them, you need to drive 20-40km.

B. Customer services, go with bank that offer tremendous value added service, try calling their hotline whether easily reached and are they responsive and helpful. In long term, this will lessen any unwanted hassle.

C. Semi or Full flexi that suits your criteria. SOmetimes, different banks semi and full flexi mechanism is different

D. Does the loan package has the right features that you need? Finance legal fees, semi/full/fixed/islamic loan ? lock in period or without? defaultment period ? loan account is it link to saving or current account?

E. Does the consultant serves you well?

etc all this that must put into consideration into long term perspectives instead of just interest rate. Effective interest rate right now is quite short term view.

CHeers

Dear

1. Based on your income without commission would be slighly enough,, however with Commission income, your loan wouldn't be a problem

2. May i know the project details?

-developer name
-project name
- Phase?

So that I can double check which bank can proceed with.




--------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 323,548.89
H*NG LE*NG 485,947.26
M*YBANK 366,189.76
*CBC 286,351.43
R*B 449,167.13
U*B 326,270.60
C*MB 445,917.13
AFF*N 429,778.10


2. The best bank to get the highest loan would be HLBB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

3. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

4. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path.

5. I have wrote some articles that help guide first time home buyer to get housing loan, feel free to read it at below link:
5 Tips for employee to prepare for loan application

Few easy tweaks for self employed and freelancer to ensure loan approved






Cheers

Dear

From all the rates received, best rate will be

PBB,HLBB,RHB,MAYBANK.

It is based on your sscoring, hence other bank might give similar rate too.

Cheers

Dear




1. Btw, what's your usage of last month september credit card? swipe how much the amount

--------------------------------------------------------------------------------------------------------------------------------------
1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 468,805.56
H*NG LE*NG 684,979.17
M*YBANK 539,375.00
*CBC 447,500.00
R*B 615,372.69
U*B 493,437.50
C*MB 613,622.69
AFF*N 629,833.33


2. The best bank to get the highest loan would be HLBB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

3. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

4. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path.

5. I have wrote some articles that help guide first time home buyer to get housing loan, feel free to read it at below link:
5 Tips for employee to prepare for loan application

Few easy tweaks for self employed and freelancer to ensure loan approved




CHeers

Dear sapphist

1. That's excellent! Your scoring would be alittle higher!

2. The golden rule of thumb is to 3-4 banks.

Reasons

- If too many banks application shown in the ccris, bank will question your motives
- Every bank has differernt guideline, hence certain bank approve your case certain bank kenot. What if you submitted 2 banks that can't approved your loan and 3rd bank last bank approved your loan, due to rejection from previous bank, your credit scoring will be low and interest rate will be higher.. else loan rejection if your scoring already at bottom line


Best approach.

Get consultant or bankers that you trust let them study your case, if they say the bank has high chances.. etc, then only you apply with the banks that can approve your loan.

Most bankers that I have seen, usually they won't do forefront due diligence, and will just submit try luck on your case... NOt all, but has witnessed it.


Cheers

Dear bluegreen8

1. What's is the total usage of your credit card last month?

2. Rental agreement, is it stamped?

else

do you have up to 3 months of rental credited into the bank account?
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 187,131.67
H*NG LE*NG 768,924.17
M*YBANK 540,261.67
*CBC 540,261.67
R*B 238,837.33
U*B 540,261.67
C*MB 315,058.17
AFF*N 785,503.33


2. The best bank to get the highest loan would be HLBB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

3. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

4. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path.

5. I have wrote some articles that help guide first time home buyer to get housing loan, feel free to read it at below link:
5 Tips for employee to prepare for loan application

Few easy tweaks for self employed and freelancer to ensure loan approved





Cheers

Dear Nymphetamine666,

1. it's consider good, but hear me out.


2. It's the same with MRTA... same thing different package but with syariah compliances.

3.

4. If it's over 3 years... yes.

5.

Well they can structure the deal anyway the bank wants, they are doing it monthly payment, payment scheme structured differently.







Dear

1. it's no and it's yes

It depends on if you feel that protection is important to you and your family in the future..

2. For your question, certain bank or branches will required a compulsory must take MRTA if you want to sign the letter offer... coercive...

However, in actual, it's non mandatory...

Cheers

Dear

Not compulsory!

BUying own will do the work.. or just leave that part blank..

Why are you filling the form? thought agent doing that for you! haha

CHeers

[quote=emperor_o4118,Oct 20 2016, 10:01 PM]
Hi all, i recently book house at Sr Sendayan Seremban.
House price - Rm538888
net income me and wife - Around RM4500 joint applicatiom
Finance - 90%
Commitment - car Rm550
credit card - monthly rm175

i have calculated roughly my dsr around 70%, my question how are my chances for my application to be approve? I apply with CIMB, RHB, Maybank n Ambank.

What are other factors that bank consider to approvr my application?Is DSR calculated bank will be higher compare to standard DSR calculation?

[/quote]


Dear emperor_o4118

1. HLBB, CIMB, RHB has highest chances

2. DSR is based on the profile you just shown

Bank will also look at your ccris arrears, any CTOS problems, any restructured debts, how many debt facilities you have, your company, your jobs nature of business.. etc. all myriad of factors will be calculated into the credit scoring


----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 436,674.44
H*NG LE*NG 605,997.02
M*YBANK 467,934.52
*CBC 375,892.86
R*B 544,427.31
U*B 421,913.69
C*MB 542,127.31
AFF*N 548,476.19


2. The best bank to get the highest loan would be HLBB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

3. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

4. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path.

5. I have wrote some articles that help guide first time home buyer to get housing loan, feel free to read it at below link:
5 Tips for employee to prepare for loan application

Few easy tweaks for self employed and freelancer to ensure loan approved




Cheers


[quote=Nymphetamine666,Oct 21 2016, 01:20 AM]
Dear Nymphetamine666,

1. it's consider good, but hear me out.


2. It's the same with MRTA... same thing different package but with syariah compliances.

3.

4. If it's over 3 years... yes.

5.

Well they can structure the deal anyway the bank wants, they are doing it monthly payment, payment scheme structured differently.
Dear

1. it's no and it's yes

It depends on if you feel that protection is important to you and your family in the future..

2. For your question, certain bank or branches will required a compulsory must take MRTA if you want to sign the letter offer... coercive...

However, in actual, it's non mandatory...

Cheers
Dear

Not compulsory!

BUying own will do the work.. or just leave that part blank..

Why are you filling the form? thought agent doing that for you! haha

CHeers

[/quote]


Thank you sir.

[/quote]

Dear Nymphetamine666,

No problem! Hope it helps!


[quote=cwtien,Oct 21 2016, 10:34 AM]
Hi,
I currently have a semi-flexi loan with RHB Bank. I'm looking to convert this loan to a full-flexi loan (RM 1mil over 20 years). I have asked RHB Bank to give me a quote, but they don't seem that interested (maybe because they get to earn less ).

I'm asking regarding:
1) Fees for moving loans across banks.
2) Estimated monthly amount I have to pay.
3) Any other fees.

I can give more details via PM. I don't want to provide full details in an open forum. Basically, I'm asking agents from other banks to contact me with offers if they're interested

[/quote]

Dear

1) Refinance

Legal loan fees RM16245




Valuatioan fees around RM2K

16245 + rm2000 = RM18245


2. RM5000

3. as stated at NO.1

Cheers


[quote=Skylinestar,Oct 21 2016, 02:32 PM]
I'm sure CIMB will approve easily
(based on my experience)

[/quote]

oh wow.. confidence.

[quote=snowswc,Oct 22 2016, 01:54 AM]
Hi sifu..

need your advice. i plan to buy a second house located at Damansara Utama. the price is about RM 1m.
My current details are as follow, please guide me on the max. loan amount I will be able to undertake:

Age : 29
Job :Finance Manager
Gross pay : RM 13500
Nett pay : RM10,500
Bonus : estimate 3 months a year

Commitment : Insurance : RM300
House : total RM 2100 (joint loan - remaining 450 months *40 years loan*)
Car : RM 1,500 (remaining 26 months)
Existing Mortgage Loan (JB property)
Loan outstanding : RM 480k
current account (flexi loan) : RM300k cash
monthly payment : mentioned above RM 2100.
Rental income : 1,600

Thank you!!

[quote=snowswc,Oct 22 2016, 02:03 AM]
thanks. may i know what is the best rate currently exist in the market? my existing loan with Alliance, i get 4.27%. would it be good to continue with Alliance combine to get better rate or it makes no difference if i go for another bank?

[/quote]


[quote=snowswc,Oct 22 2016, 02:08 AM]
thanks. i heard some of the banks require the borrower to buy the what MRTA or MLTA insurance, is that truth? because i insist not to purchase any insurance for my JB property and Alliance still approved my loan.

[/quote]


[/quote]


Dear snowswc

1. If GIVEN YOUR ccris has no prolem, 1million loan should be fine and great

2. Do provide me the property market value, so taht i can check whetehr the property value can match the selling price

-Property full address
-square feet
landsize
built up
-Property type
-aNY RENOVATION

3. For your loan amount, best rate can go towards 4.3%, last month 1million loan client of mine receive best rate 4.3%

Unfortunately, alliance.. rate nowadays are bad.. not that competitive as usual anymore..

4. Well, There's no such thing as compulsory! It's optionable for the borrower!

Nothing is compulsory in this world.

--------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 1,249,315.28
H*NG LE*NG 1,925,291.36
M*YBANK 1,441,470.52
*CBC 1,722,462.19
R*B 1,890,697.76
U*B 1,441,470.52
C*MB 1,884,197.76
AFF*N 1,799,828.86


"2. The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

"3. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

4. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path.

5. I have wrote some articles that help guide first time home buyer to get housing loan, feel free to read it at below link:
5 Tips for employee to prepare for loan application

Few easy tweaks for self employed and freelancer to ensure loan approved



Cheers

This post has been edited by Madgeniusfigo: Oct 24 2016, 07:09 AM

Dear

1. 4.2%, is hlbb package. 1st year 4.2%, consecutive year board rate.. 4.3-5%

2. The best rate I get for clients is 4.25%, best profile..!! haha

Cheers

Dear

it depends on the customer service applicable by that outsource company, they might give cash back or rebate.. or etc

2. Is it a subsales purchase or project property?

Cheers

Dear

1. In competitive societies, every profession has to phase out competitive edge to out win each other. Nothing is wrong from being more competitive. It's not robbing other people though, just outsmarting others. LOL

Dear

1. Yes, I do agree he is overreacting. Well, I don't blame him on purely being professional outright and thinking on their part of benefits..

2. World is changing, competition is disrupting. People have to outsmart or outwitted.

3. Give him a break, he just couldn't fathom that people are innovating... I don't blame him though. He just wish that everyone can compete on same phase and not over evolve....

Cheers



Yes, alot are giving out such gifts! haha

This post has been edited by Madgeniusfigo: Oct 24 2016, 08:49 PM

Chill man. It's just other person point of will. MOreover, the fact is he she ain't hinting that people sign deals based on gifts and stuff only.



You are thinking very narrowly, why not think of it as they provide a professional services, clients love them, sign the deal with them. In the end, the firm value such loyal clients, give gifts and voucher for their loyalty.

And not luring them with rebate instead of rebate based on appreciation.

Chill yourself down..

You don't need to drill down to intense debate or argument with everyone that doesn't stand on the same point of the fence yo..

Dear..

You really have some issue

1. My firm isn't doing such a thing.. and you accused (1)

accusation is a sin

2. I am asking you to chill down, and not burning every netizen that you don't feel right with.

Even if they don't understand, you as a professional guy shouldn't lay down hard words on them. Come on.

3. You clearly thinking this the wrong way...

How is it we are not in good term?
I have zero hardfeeling with you and What's wrong though?

Anyway, this is a discussion section not for raging...You really need to keep your cool.

You are raging with a netizen for not standing on your ground ..


4. Well. have a nice day to yourself man, keep your chill and not screw every netizen here in LOWYAT would be amazing first step

Cheer

This post has been edited by Madgeniusfigo: Oct 24 2016, 08:47 PM

Dear

1. If it is subsales, better get market value before signing the booking form. As different bank have different valuers.

Do provide below details if you need such assistance

-Property full address
-squarefeet
landsizr
built up
-Property type
-Renovation?

Cheers

Dear

Documents

1. IC
2. 6 months bank statements
3. FUll SSM copy
4. Tax B/Be form
- Tax receipt
- bank statement showing the amount


-make sure business >2 years



However

If you don't pay tax, there's way to play with it =)

Cheers