Hello,

1. Can you give me the ORIGINAL LOAN AMOUNT for all your loans, including the 2 houses, personal loan, and hire-purchase (if any)?
[Reply] Original Apartment loan is RM150,000 and Townhouse is about RM160,000 (Can't really remember)

2. So you are planning to use the EPF account 2 to settle the loan for the apartment?
[Reply] Thinking of reduce the loan amount of Townhouse. Reason of not going to settle the Apartment loan is because i'm still receiving interest subsidy from company, need to maintain the loan.

3. Can you also settle the RM15k credit card debt? This will help a lot since 5% of RM15k = RM750 monthly commitment. This is how banks calculated for your monthly commitments for the credit card (5% of outstanding) which is A LOT
out of 15K credit card debts, 12k are balance transfer.

4. Any received bonus or dividend in the past 12 months? GIve me the gross figures before deducting statutory deductions (EPF, SOCSO, PCB)
[Reply] My last annual EA gross figure is about 117k

Once you can get back to me with the numbers I can give you a more accurate calculation

1. As far as the banks are concerned, as long as the loan is still on-going, the full installments would be considered as part of your commitment, the current outstanding amount has no effect on your installments, as such my calculations for your commitments will take these facts into account.

2. Noted, so could you settled this 15k in credit card outstanding using your own cash? If you could, this would significantly reduce your monthly (calculated by the bank) commitments, and increase your borrowing power 

3. If you think the maximum loan figures are too small, I would suggest that you settle one of the 2 outstanding loans that you have using the EPF, and pay off the credit card outstanding balance. In addition, if you settle one of the loan accounts, you would be able to apply for a loan for the 3rd house at 90% margin of finance (MOF) as opposed to 70%

I am calculating for you twice, one as is, and another if you could do as I suggested. And most importantly, everything is subject to approval by the credit controllers. 
 
As is:


If you do as suggested: