Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!
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 Sep 28 2018, 02:35 PM
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#1
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Junior Member
315 posts Joined: Jun 2015 
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which bank should I try to get housing loan? which requirements are lower?
1) low basic salary 3k plus 2) high annual bonus +- 80k after deduct tax 3) no other commitment (can be bad cause no record) 4) apply for 570+ k loan Tried to contact PB but only can get <70% of the house price. RHB and maybank not approve as they only review the basic income, bonus not count CIMB no respond yet |
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Sep 28 2018, 02:47 PM
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#2
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Junior Member
315 posts Joined: Jun 2015
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QUOTE(lifebalance @ Sep 28 2018, 02:37 PM) I'm curious how you get 80k bonus with 3k income, what are you working as ? how is your bonus derived ? and what was your bonus for 2015, 2016 and 2017. i'm asking this question on behalf of my friend. so I will continue to answer as the first person, easier,How long have you been working ?  This year I got 30 months bonus. As an assistant manager of plantation industrial. The amount of the bonus are based on the profit of the previous year (the branch profit i working in) Last year I can't recall how much, probably 12-18 months as I'm still new here. And the year before 6months (work less than a year after probation) Working in this company for 3 years. 3years + in previous company. |
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Sep 28 2018, 02:52 PM
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#3
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Junior Member
315 posts Joined: Jun 2015
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QUOTE(wild_card_my @ Sep 28 2018, 02:39 PM) 1. This is gross or net? If net you are doing OK, but if gross you are better off with banks that can give maximum 60% debt-service ratio (which is the max BNM allowed for this salary range). Some banks give max of 40% or wont do the financing at all (AlRajhi for example) due to the salary being below guideline 2. Okay high annual bonus is a big plus. With this bonus figure, you can ignore point (1). You can go with any banks that would consider 80% of your bonus as income provided that you have documents to backup the bonus (2 year EA and bonus slip) 3. No record. Erm.. I successfully got 90% margin of financing for clients who has no CCRIS record. I used graduate schemes, need to back this up with transcript and degree 4. 570k? Do able. How old are you? 29 |
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Sep 28 2018, 02:53 PM
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#4
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Junior Member
315 posts Joined: Jun 2015
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-double post
This post has been edited by BladeRider: Sep 28 2018, 02:53 PM |
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