Do banks normally call your work to confirm employment or is the payslip and EPF statement enough?

Will call to employment for verification.

Bank will call to verify with your HR on the employment status and details

Yes they will call to verify your employment status.

thanks guys for the answer

Hi bankers / sifus

I’m trying to get loan for my first house. Currently no other commitment except for credit card.

Loan amount : 565 020
Net income : 3300
Credit card : clear off every month no outstanding but with one instalment (11/24 balance outstanding 2,051)
Years old : 24 born in 1996
Occupation : banker (Hp)
Year of service : 2 years 1 month
Current address: selangor
Work address : KL
Marital status : single

Not prefer to joint name

Is it possible for me to get 90%? Please advise me thank you

No, not possible.

DSR burst. Do you have any additional income such as commission or allowances? and Net income is base on basic salary itself or with other remunerations?

After deducting your new loan, your net disposable income is not sustainable from bank's guideline

hi all, pure commission earner here

net income received
july 3.3k
august 4k
september 3k
october 4.9k
november 4k
december 16k

rental income 2.5k per month (im the only owner)

commitment
car loan 800 per month
joint name housing loan 2.6k per month, so consider 1.3k commitment for me?

last year my earning very low, so borang b not beautiful, is it possible for me to get a 600k housing loan?

thank you!!

Could you share me your breakdown of basic salary + any fixed/variable allowance + commission?

And what's your current age and are you looking for single name application or joint name?

im pure commission earner, no basic salary, only the 2.5k rental is fixed income.

35 now, looking for single name application.

is it possible?

What's your 1 year commission ?

Industry ?

the 6 months are like 1 year commission already

im not sure of latest bank guideline, now 2 years borang b is a must? last time give bankers borang b they say no need, just 6 months latest commission statement will do..

im in property line, myself feel 50:50 .. so asking to see whether its even possible

thank you!!

you mean to say from Dec - May = RM0 while Jun - Nov = you say that's your entire year comm for 2020 ?

july to december as stated in first post, january to jun got some only, negligible amount..

may be my question should be like this, is it possible for me to get a 600k loan with only latest 6 months commission & 2.5k per month rental income?

commitment
car loan 800 per month
joint name housing loan 2.6k per month, so consider 1.3k commitment for me?

thank you!!

if base on recent 6 months commission statement + rental income, DSR should be within guideline. However, different bank will have different recognition on commission income and rental income

Chances is 50/50 depending on the bank.

ok, im clearer now, thank you so much!!

Hi all bankers and sifus,

I’m trying to get loan for my first house. Currently no other commitment (done paying for my car loan on Dec20) except for credit card.

Loan amount : 541 359
Net income : 4937.35 (Gross : Full Basic 6000)
Credit card : clear off every month no outstanding but with 2 more installment need to paid for HP.
Years old : 27 ( born in 1993)
Occupation : Production Executive
Year of service : 4 months (will be discussing early confirmation with my superior at the end of this month as i get no complaint from my superior regarding on my performance)
Current address: Selangor
Work address : Selangor
Marital status : Single

Not prefer to joint name.

Is my profile able get a loan for my 1st house purchase? What would be the loan margin and loan tenure? Thanks for the advise.

This post has been edited by derrick6291: Dec 22 2020, 12:26 PM

Within the guideline