If the seller is not willing to mark up the property for you then no other way other than borrowing based on the sales and purchase price.

Noted with thanks.

would like to seek for any suggestion of current low housing loan rate and full flexi?

Thanks.

At your rate, can get 4.22% - 4.3% full flexi

I thought as long as vendor is agree to do so, everything should be fine. What I'm thinking is complications of audited report of company. Because they will remove the finance cost from the audited report which eventually vendor has no right to claim the expenses.

Any additional fittings or renovation done before?

You may look for semi flexi loan or full flexi loan to fits your financial.

Full Flexi:
1) Loan Account will be linked to Current Account/Saving Account with cheque book (optional).
2) Interest is based on current outstanding minus any amount payable to the loan. (E.g : Current O/S - credited amount x Interest payable/100% / 365 days) Some bank practice 360 days instead.
3) Account opening fees at RM 200 + 6% GST.
4) Account maintenance fees at RM 10 +6% GST.
5) Withdrawal/Deposit of money can be done through over the counter, cheque, ATM or online banking.

Semi Flexi :
1) Bank will request customer to setup a Saving Account link to Loan Account through Standing Instruction (SI).
2) Prepayment or capital payment can be done.
3) Prepayment, placing future repayment to Loan Account and it has to be multiple of your monthly repayment. This will not revoke interests saving on Loan Account.
4) Capital repayment, placing extra payment to Loan Account to reduce principal. Some bank will require you walk in branch to fill up service form.
5) Withdrawal/Deposit of money can be done through over the counter or cheque.

hi everyone,

would like to know is there any ongoing promotion for refinancing ? such as zero entry cost etc

This post has been edited by indirectD: Nov 28 2017, 05:45 PM

Property Price: RM 450,000
Margin of finance: 90%

1) Borrower info

Age: 24
Occupation: Finance Exec
No of borrower: 1
Single/joint borrower: Single
No of housing loan on hand: Nil

2) Income

A) Salary earner
Gross salary: RM 4,000

3) monthly commitment

Housing loan: Nil
Hire purchase: Nil
Personal loan: Nil
ASB loan: Nil
PTPTN loan: RM 300
Credit card: RM 1,000 (Always fully paid-off after statement released, some banks still like to take 5% as commitment despite fully paid-off which is nonsensical imo)
Share margin: Nil
Other term loan: Nil
OD: Nil

4) supporting document

Rental: Nil
Savings: Will not have much left after 10% Down payment, S&P and stamp duty. Do let me know if loan agreement is provided for free.
Fd: Nil
Asb dividend: Nil
Shares: Nil
others: Nil

CIMB and AIA is offering zero moving cost package. However the rate maybe higher. For example, AIA 4.99% for 500k loan and above.

Please find DSR range as below.

70% : RM 390,874.88
75% : RM 426,341.00
80% : RM 461,807.13

Different bank will have different DSR calculation. If you are buying undercon, you will have limited selection on panel bank. Hence I will need to look into your income document, CCRIS and CTOS before finalize everything.

AIA and CIMB offers zero moving cost

AIA - 4.99% fixed rate loan
CIMB - 4.xx% fluctuating loan depending on your credit profile.

Looking to refinance my current mortgage loan.
Current LOAN is from CIMB, plan to raise fund for business venture. Any agent pls pls me thanks

I'm planning to buy a house, and thinking of restructuring all my other loans to the house loan. I heard Alliance Once Account provide such product?

Any other banks provide those kind of restructuring? Anyone can help me on this?

Cheers all

How long have you been in business ?

Do you declare income tax ?

What is the nature of your business ?

You may provide me the following info to determine your loan eligibility

Age
Gross Pay
Nett Pay
Rental Income
Bonus 2014 2015 2016

Commitment
House
Car
Credit Card outstanding
Personal Loan
PTPTN

AIA also does debt consolidation as well.

If you're self employed, perhaps company loan is the best facility to help you expand your business. They are currently offering up to 1mil working capital to SME companies.

Have you check your loan eligibility before plan to buy a new property?

I'll need following info to calculate your max eligibility. Alliance One Account is actually term loan + OD facilities. The repayment of OD is only up to 60 years old and OD interest is 6.88%.

1) Borrower info

Age
Occupation
No of borrower
Single/joint borrower
No of housing loan on hand

2) Income

A) Salary earner
Gross salary
Allowances
i) Fixed (average in 3 months)
ii) Variable (average in 6 months)
OT
Bonuses
i) Contractual (total amount in 1 year)
ii) Performance (total amount in 2 years)
Commission (average in 6 months)

B) Self employed
- Sole proprietor / partnerships / Sdn Bhd

6 months company bank statement(credited amount)
i)
ii)
iii)
iv)
v)
vi)

Income tax declaration
Net Profit/Loss shown in past 3 years audited report (optional)

3) monthly commitment

Housing loan
Hire purchase
Personal loan
ASB loan
PTPTN loan
Credit card
Share margin
Other term loan
OD

4) supporting document

Rental
Savings
Fd
Asb dividend
Shares
others

5) property details

Under construction or subsales
Property type
How many storey (for landed)
Property address
Purchase price
Master title / individual title / strata title
Freehold / leasehold
Build up / land area
Renovation area + total cost

.

This post has been edited by 1282009: Jan 14 2018, 04:31 PM

DSR does not depends on the loan amount, it will be based on your salary range.

Based on your gross income, it should be 85%.

I will not recommend you to take up to 90% otherwise you're in for a really tight budget from month to month.

Thank you for the advice. Its just an estimate, plus backup plan is available too

Usually high income tier (Gross Income > RM 10k) will be in range of 80% -90%.

Commitment calculation towards your credit card will be 5% of your all cards total outstanding, inclusive of installment plan, dial for cash/cash on call or balance transfer.

May I know if you're looking for undercon or secondary market?

Thanks, 5% is reasonable which includes installation plan.

I am looking for under con / new project for now. Been looking around for subsales but family prefers new one and also saving 30-50k on subsales fees.


This post has been edited by 1282009: Dec 25 2017, 01:03 PM

Cool, hope you'll find your dream house soon

Well, there's plenty of projects around Klang Valley, take your sweet time to shop around. Maybe agent will offer you New year eve package

Do remember to maintain your credit card outstanding at 80% of total limit or else high chances your loan application will reduce margin.

Thank you for the tips!