There are requirements for business to have been registered for a few yeas, in general, 2 years, before the banks can start considering your income from your businesses. Those are the SOP and guidelines, although from my experience this can be mitigated - for example, you were working as a dentist for 8 years and decided to open and run your own practice 1.5 years ago. I wont be ale to comment too much about your application because I am not the one handling it but you get the idea.

There are generally no issues with the financing required, as Malaysian banks are always open to finance the needs of expats in Malaysia, especially at your income levels. But the margin will be limited to 70% to 80% (for MM2H program recipient) of the property price. There are other ways to get around this, that is through adding your spouse's name into the loan agreement as a joint-applicant. If the spouse is a Malaysian, the margin can be increased back to the normal 90%.

As for the ownership, the issues that you may be facing would be the requirements of the properties that you are planning to buy that are based on:

1. minimum/floor price limit, meaning a foreigner is not allowed to purchase properties under a certain levels based on the area/zone/state

2. type of land - low/medium cost are not allowed to be owned by foreigners

3. Add "Malay reserve land" and "Bumiputera" properties into that list

In general, the minimum price of property for foreign ownership set by the government is RM1,000,000, but this can be reduced if you apply and qualify for Malaysia as a Second Home Program (MM2H) - this program has other tax benefits too, which I will not cover in this comment


Figure 1. Table showing the minimum price requirement for foreign-ownership of properties in Malaysia. Source: loanstreet

Wow, that means my chance is quite low.... crap~ below 50%?

your chances are really low if just one year plus

Hi may I know which country are you from and how long have you been in Malaysia ?

Business-owners are the least favorable out of all the valid loan applicants. the best being government workers, glcs, mncs, sdn bhd employees, insurance agents (Commission earners), etc.

Hello bankers,

I am purchasing a second home priced around 900K.
Got positive response from Alliance and CIMB. I am familiar with CIMB but not so much with Alliance. Can anyone share their experience with Alliance bank?

In general, from what I have seen, higher rates than the competition. But rates are only final when application is approved and rates appealed. Not much needs to speculate. I can only speak from experience as part of my job.

Alliance has a niche though, that is to do consolidation. For outright house purchase, they understand their own limits (in terms of rates), of which other premier banks can be much more competitive.

Just like CIMB, their DSR are on the higher side across all income-levels.

Hello bankers, question, I want to purchase 1st property. My DSR is about 30% and loan eligibility is fine. But something that worries me is my CC near max around 91% credit utilization. I am not in the position to reduce it (except like little by little every month) so will this affect my approval chances? my ccris or ctos all 0000 no trade reference also. If yes, would applying for another credit card and transfer half of the balance help?

It will be noted. It is an item of concern when credit card utilization is high; in most banks this will be noted and it will affect your application - from full rejection to higher interest rates due to the risks you carry.

There are a few ways around this:-

a. consolidate this to a PL
b. balance transfer to another card

But I have to note that your high utilization of clean loans (loans without collateral) will still be noted, but it is better to have spread the utilization across multiple accounts than concentrated into one.

I dont really want to have PL so does transfer the balance new cc helps?

Essential a BL is a PL. but in general, yes, it would help by reducing the single credit card usage percentage. 85% is one bank's usage limit before they flag you as riskier. Approvals still subject to credit controllers approval though. Nothing is guaranteed.

Noted with Thanks. Let me try to reduce below 80% first before deciding for a balance transfer. I reckon that would be more helpful than applying new cc and that cc suddenly have 7k usage from balance transfer, correct?

Mods, in this post I am sharing my professional experience in a case study; if the trigger happy insurance agent reports it for "promoting business", I hope you can just ignore it. I am just trying to contribute here

Very hard to say. this is credit controllers' purview, I dare not sail in their territories and give you the wrong advice. My principle in financial planning is always to manage the cash-flow

If the BL helps you manage your cash-flow (by having to pay less CC commitment each month), the better.

Incidentally, the banks and credit controllers agree with me. If you have the means to manage (lower) your negative cash flow, they are more inclined to lend you money. I have helped people consolidate their clean loans to other clean loans (PL with lower rates) as well as a mortgage (which has even lower rates than CC and PL); these actions have helped them lower their monthly commitment and they managed to get


For example, this client has a 50k PL with BIMB, its commitment is RM580/m. I consolidated the PL into a top-up mortgage, only had to pay the outstanding of just RM28k, for a commitment of RM140/m

(before) Mortgage Approval :
Property : RM 656 000
Legal fee : -

(after) Mortgage Approval :
Property : RM 725 365
Legal fee : RM13 710

Noted with thanks sir. You've been very helpful.

I'm from alliance bank. However, u can always check with the banker and ask him to explain to u the package in details.

Thanks bro. i know the base rate for Alliance is 4.07%. What is the spread ya?

Here is an example of a recent confirmed/approved offer from the said bank



This post has been edited by wild_card_my: May 1 2019, 10:26 PM

I will recommend you to reduce the utilization % rate first.

Transferring it to another CC will not help if the limit is the same with your old CC

As mentioned above, to reduce the utilization will be better.

The spread is determined based on your loan profile, it will be made known if an offer is made to you by the bank.

Since ur loan has been approved, u may ask him or her to show u ur letter offer. The spread is depend ur margin of finance. The Lower margin the lower interest rate u will get it.

Thanks.. will try reduce 80% or below in 1-2 months. however @lifebalance, is 75%-80% utilization okay?

This post has been edited by Joe_Longgo: May 2 2019, 11:54 AM

Is there any mortgage broker here willing to help check my profile with maybank?

im a sole prop biz owner buying 900K property