Need to get some info before go for it.

Few questions here:-

1. My net salary is about 5k plus, so what is my DSR?
2. Currently got 1 housing loan joint with my wife, so the commitment is solely park under me or share by half?
3. Annual bonus is it consider as a income? If yes, what should I provide?
4. How to derive monthly income from BE or EA?
5. My income is higher in EA/BE compared with monthly salary slip due to the bonus, so how is bank going to justify my income? base on EA/BE or monthly salary slip? 

Thank you.

Hi all,

Would like to get advice from prof banker in lowyat.

Currently own 2 house (on loan)..

Net salary = 8500+-.
Monthly commitment = 4730.
No late payment.

What is the maximum loan amount I able to get and still can secure 90% of property price?

Hi sifus. Need some evaluation.
Currently 29 years old, monthly salary 5900 per month after deducting all the epf socso and tax.
Own 1 property, joint name with sister, I loan 400k and paying 1990 monthly. The unit had rented out for 2500, got statement up to 2 years to prove.

Other commitment:
Pay credit card few hundreds every month
Took CIMB Cash lite and paying 300+ monthly
Insurance directly charge from credit card 500 monthly

Looking to buy an apartment for 430k, what is the maximum load amount I able to get?
Is it possible to get a loan of 427k (90%). Or its out of my eligibility. First time home buyer. Thank you.

What are the banks doing 3rd party loan? Mean SPA joint but loan side solely.

What are the banks doing 3rd party loan? Mean SPA joint but loan side solely.

hi..anyone here can advise where can i apply a loan for pr1ma house project? Just got an offer letter for prima house.. now in the middle looking for financial loan.. loan around 140k...please advise

I signed a place under RUMWIP and the appointed lawyer are also the bank panel and insist that I have to sign a letter of wavier for rights of appointing a solicitor for the loan transactions. They say it's Maybank practice.

I know the LA is only favorable to the bank but this practically means if the bank do anything wrong I am responsible? Have any of you signed this form in a loan? Is this allowable, taking my basic human rights to be defended?

I signed a place under RUMWIP and the appointed lawyer are also the bank panel and insist that I have to sign a letter of wavier for rights of appointing a solicitor for the loan transactions. They say it's Maybank practice.

I know the LA is only favorable to the bank but this practically means if the bank do anything wrong I am responsible? Have any of you signed this form in a loan? Is this allowable, taking my basic human rights to be defended?

The appointed lawyer is acting for the Bank, even though you may be the one paying their fees. You can independently appoint your own lawyer to act for you, just that you have to pay more money.

you want free legal fees, then don't expect the lawyer to side you if shit goes south on the project later, you're very much on your own.

You have the option to pay for your own lawyer and get your rights protected. Question is are you willing to take the risk to save a few thousand RM or more damage later on ?

Agree, and what I thought but the lawyer is asking me to sign rights wavier to get a lawyer even though I was willing to pay if there's higher cost. The lawyer says maybank will take the LA but not disperse any money unless I sign that.    I hope it's just this one firm at sunway nexis, else everyone can be legally-con.  I was  and haven't sign any of the agreement.

I have personally took housing loan from Maybank before and that's their procedure.

The current lawyer is unable to act for both parties, they can only act for the Bank.

If you want to engage your own lawyer to represent you in the transaction, you will have to engage another law firm.

Anyway, I believe the documents that you are signing are the Bank's standard documents, you will have to accept their terms otherwise they will not release the loan.

Haha, not everyone is trying to save. I did not ask for free legal fees and in this case the cost is borne by me. It's paid, not free. And no, I wasn't bothered by project going south but it's that if the bank makes a mistake, I can't even hire a lawyer to defend myself. Basically they are saying I can't hire a lawyer even if I want to and is paying for it. So I am confused.

Please help.

RM 4494+- nett income(A) + RM 4000+- nett income(B) - Excluding Bonus

Commitment
Car – RM 560
House A – RM 760 (Name under A)
House B – RM2100 (Name under A+B)

Does Credit card instalment include as commitment?
Credit card – RM 660 (Balance 11month)
Credit card – RM 334 (Balance 5month)

What is the maximum loan amount & percentage for loan from total price I can get?