Dear

1. If you have income tax, yes providing it would be great as it is necessity for bank loan process, sole prop to have income tax documents

2. If you dont have income tax, yes there's another way, as certain bank don't need income tax to proceed the loan but just calculating based on your bank statement 6 months credit balance to derived the income.

3. If you have both, bank will derived income from the highest income output documents.

4. NOthing is necessity, depends whetehr the banker knows how to play with the case and their broad range of knowledge.

Cheers

Dear

1. It's optionable to use either developers own lawyer or your own lawyer. OPTIONABLE

2. The price is quite standard, you can get some discount using your own panel lawyer.

3. using developer's lawyer for both snp and loan, might get lower price or none at all. It really depends on the lawyer itself

4. It's optionable

-Using both same loan and spa will speed up the process, however, if developer lawyer has too much cases from the project itself, might delay the case too.
-Using own loan lawyer will allow you to monitor more closely and chase for the disbursement.

Cheers


Dear

Yes, usually will use panel lawyer to proceed with the loan

CHeers

Dear

1. Only OCBC can try but chances are low, other bank DSR burst! Moreover, do provide actual offer letter of the loan, to reduce the debt calculation by the bank. It will increase chances for your max loan. However, OCBC has been very strict lately i doubt the chance.

2. If you able to reduce the credit card O/S, settle atleast RM20K of the debt amount would be best. Or best scenario, settle the whole amount, then every bank would be able to finance you the loan.

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK -
H*NG LE*NG 7,997.79
M*YBANK 73,173.13
*CBC 239,339.80
R*B (82,269.04)
U*B 73,173.13
C*MB 62,087.80
AFF*N 189,719.43


2. 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

No problem, it's my expertize

1. Due to the calculation of their debts is lower compare to other bank debt calculations

2. However, if you have other supporting income to present up or new joint applicants, it will be much better!

Cheers

Dear

1. Other bank also offering 4.25-4.35%% range rate

2. If you take semi flexi, most of the banks such as maybank, RHB, PBB able to offer such tasty rate..

However, everything subject to your profile (job, income, debts, ccris profile, background.. etc)

3. If you want to know more or have inquiries, do ask . KNowledge is free here.

Cheers

Dear

1. Can say so, however depends on ur profile itself.

2. Most of he bank offering flexi account nowadays. Term loan as standard loan, you wouldn't be able to withdraw ur cash if you ever credit sum amount of cash into the loan account. Flexi account allows u to withdraw while rescue interest rate.

Flexi package is the standard loan account nowadays.

2.1 this is referring to the 4.25%

Dear kllee1983,

1. May I know you wish to top up with current maybank?

If you just wish to top up, the cost will be

-Legal loan (on your top up financing amount)
-VALUATION fees

2. If you opt for full flexi for the top up loan

you will be charged with RM200 set up fees

3. No additioanl SPA ownershup add on, it will jsut be above cost, else will have Legal SPA fees cost

Cheers

Dear

Top up case

Legal loan, I put it to max, as different prop and title type will come out different figure

Different lawyer firm will quote different price amount


1.

2. Valuation Will be Rm

Market value RM All-in Fee
1 - 150,000 666
150,001 - 200,000 719
200,001 - 250,000 825


Hence total

Legal loan RM 6634 + Valuation RM825


Cheers

You can ask around =)

4.35% is good, 4.25% is even better.

It depends on your profile whether you hit that tiers to get 4.25%

Cheers

Dear midmay,

1. Grab car industry, bank view this job as lower tier credit scoring.
Because the job come and goes and income isn't consistent.

Chances of being slashed margin or terrible rate is high

2. Hence, still able to try, but have to provide at least 6-12months of income stream to give higher evidence of strong income receivable to the bank!

Cheers

Dear,

not easy to get 4.25% as PBB will be the best bank to offer that rate.

4.35% consider very good rate.

Dear itu dia!

No problem, hope that it helps.

Cheers

Dear yeosw,

1. It is really dependable on which back you apply with. The rate can range from 4.35-4.7%

2. What's the project name and developer?

3. Try other bank.

Cheers

Dear

AIA usually have this package with them for awhile.




Dear rave0524,

1. I need to look at your ccris, might be some bad arrears that drop your rating

however
things that will drop your credit scoring
-bad arrears
-high credit card utilization
-DSR almost ceiling

Boost your rating
-Supporting docs (fixed deposit, shares, etc)
-MNC company
-have different type of debt facilities


There's still more that wouuld boost your scoring

Cheers

huh?

THanks.

Dear,

1. you need to mitigate your PTPTN problem before applying for any other loan.

2. CIMB will take the PTPTN as one of the factor too.

Cheers

Dear henka123

1. It's a standard procedure to check the CTOS and CCRIS of borrower before approving the loan by bank

Cheers



DEAR pull007,

1. Only by refinancing or with transfer with love and affection/ MOT, you can only removed her name

2. Transfer with love and affection method will discount 100% of the stamp duty spa.

3. The cost

- Legal loan + SPA (below illustration created is max charges by any lawyer) assumption it is a freehold property with title.

Loan rm9437.6


SPA rm5918.9



VALUATION fees
-RM1000-1300 for your property value.


Above is the cost


Cheers

Dear

1. Yes, legalloan fees and valuation can be included into the loan amount

however

Different bank will allow different amount of financing into the loan, and some bank doesn't allow financing. Search for the right bank to do soaite! =)

CHeers

Dear

Not to say no need care. Have to check before applying for any loan. Because if there's lawsuit from any ppl or company, it will affect ur loan application approval.

Check ccris and ctos all together. Usually experience banker will help you check all this before applying any loan.

Cheers

Dear

1. 4.4-4.5% as mentioned.

CHeers

Dear andreleegs,

1.Do provide below details, so that able to check whether your loan can approved for RM523K

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. Initial borrowing amountfot 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. If you are self employed

a. Busines income (Company credit balance for the latest 6 months)
I
II
III
IV
VI
V

b. Company business industry

c. Sole Proprietor / Partnership / Sdn Bhd / LLP /MNC

d. SSM registration establish for how many years?

e. If SDN BHD/ LLP / MNC (What's your shares allocation in the company?)

f. Do you pay tax?

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

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

7. CCRIS
a. Have you defaulted any loan before? CCRIS showing "1" "2" for that specific loan

cheers

Dear [terrorist],

1. HLBB is 80%, other banks are 90%. HOwever, HLBB has the highest DSR, hence have to see whether you need HLBB for loan approval

2. Do list below details of the property, so that could check the max market value and the max cash out.

- property address
- property type
-sqf
- any renovation done and the cost

3. Well, 3-4% as an estimation calculation

4. 90%, not all banks, certain bank.

Cheers