Please find DSR range as following.

60% : 303,851.99
70% : 372,102.47
75% : 406,227.71
80% : 440,352.95

May I know if you are buying undercon or subsale. If is undercon, you will have limited bank selection as end financing bank. If is subsale, you will need to consider entry cost such as legal fee, valuation fees and stamp duty.

Not many banks are offering zero moving costs, even so their interests are less competitive. Eventually the cost they absorb will charge on your monthly installment, e.g AIA. AIA offering near to 5% interests whilst commercial banks offering around 4.4 - 4.5% without absorbing any cost.

You may choose refinance loan amount at higher amount to cover your entry costs and enjoy lower interest rate.

May I know if is undercon or subsales?

If is semi flexi, it will indicate product name as housing loan, if is full flexi it will be housing loan plus.

Term loan because is a contact between you for a certain period.

Appreciate if you could share the following details

1) Purpose of refinance
- change of ownership?
- cash out?
- looking for better rate?
- debts consolidation?
- reduce housing loan quota to get 90% eligibility?

2) Type of property?

3) Current market value

4) Name in SNP, name in loan

5) How much is current outstanding, which bank property is encumbered to?

6) Conventional loan or Islamic loan?

7) Has lock in period expire in current loan?

Hi stevenX,

You may wait for another bank LO first only decide further. Some bank like MBB & HLB, you will need to bear cancellation fee RM 2,000 + 6% GST once you have signed LO and request to cancel later on.

Bank reserved all rights to change terms and condition from time to time. Did your banker inform you that?

Base rate will adjust according to market condition and bank's direction. Well, very easy question. Will you rather take a 4.5% housing which will fluctuate some period of time or a 5% fixed rate offered by AIA?

It seems you have best rate in town. I suggest you accept the offer.

Greetings,

It depends on your loan amount. The legal scale fee as below. Loan stamp duty will be 0.5% of your total loan amount.

First 500k ...............................1%
Next 500k ...............................0.8%
Next 2 mil ...............................0.7%
Next 2 mil ...............................0.6%

There are banks willing to finance bukit antarabangsa. But it depends what's distance from your property to incident.

How much you are looking to cash out? What's current outstanding and which bank property charge to?

Your number indicated Singapore country code. May I know currently are you reside or working in Singapore.

how much is purchase price?

Perhaps you can share us your monthly commitment before finalize our findings.

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

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.

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.

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

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?

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.

You request to appeal for better rate, with terms and condition. Alternatively, you can try other bank which may offer you better rate.

Hmm, did once Kuching loan before. Not a pleasant experience. They will need to follow state law and valuation must follow initial SNP price. For instance, RM 150k low cost flat, the valuation must not exceeds RM 150k. I suppose this law only applicable to low cost building only.

Hi Hidz7,

Please find DSR range as below.

60% : RM 307,771.64
70% : RM 390,057.84
75% : RM 431,200.94

Different bank will have different DSR calculation. Best practice is to see your income document, CCRIS and CTOS before finalize everything.

If you intend to tend your resignation, I suggest you to get loan approved first. Your scoring definitely will be affected if you are in midst of changing job.

Your credit card installment amount will be calculated at 5% of total outstanding, instead of installment amount attach with bank/merchant.

I recommend you to fully settle your credit card outstanding including any installment plan as your eligibility is merely bottom line of bank's calculation.

Alternatively, you may request your join in as co-applicant to increase total loan eligibility.

Sure thing. Keep us posted on your loan application