your credit card usage for 8400/7500 is high. Recommend you to reduce usage less than 80% and you should be fine.

Max Loan eligibility up to 35 years or 70 years old = 480k

In order for me to calculate accurate, please provide your info as below

Age :
No of Housing loan
No of borrower

Income
Basic : RM 6,000
Allowance
- Fixed
- Variable
OT
Bonus
- Contractual (1 year)
- Performance (2 year)
Commission

Commitment
Housing Loan
Hire Purchase : RM 620
Personal Loan
ASB
PTPTN
Credit card = RM 11500 x 5% = RM 575

Supporting Document
Rental income
Savings
Unit Trust
Dividend (Shares, ASB and etc)

You may refer to 6 months company "Credit" amount to calculate average income and multiply your industry factor

Alternatively, your borang B income declaration to derive your income as well

This post has been edited by ngph988: Aug 26 2016, 02:39 PM

Good day G r a p e k e y,

Perhaps you can provide personal info for financial assessment.




Different banks have different perception on industry factor.

This post has been edited by ngph988: Aug 26 2016, 04:18 PM

May I ask, based on what judgement you are saying it was improper info, any evidence or documentation to support your statement?

Hi,

SME loan required more document and more time to process. However, it will subject how strong is your business turnover and liquidity of the company.

For SME loan,

you may need to provide the following info

- Company SSM, if Sdn Bhd Form 24,49,9 is required
- Company 6 months bank statement
- your business turnover, in yearly, monthly, and weekly
- company nature of the business
- company operation (inventories, man power, cash flow, trading mode, total costs and etc)
- Preferable 2 years Audited report, balance sheet and management account

You will need to state the loan amount and purpose of finance for the property.
- Booking form
- SNP and title

This post has been edited by ngph988: Aug 29 2016, 12:51 PM

Good day VWXYZ,

Mind to share your financial profile for loan eligibility?

Depending on loan amount and scoring. Recently PBB, HLB, CIMB, MBB and RHB do provide decent rate.

Good day mni04,

Kindly fill up your personal info for loan assessment

Good day tiongkeat

Most bank do finance entry cost (Legal fees + Stamp duty + valuation fees) however only few banks offering renovation loan. O*BC is one of bank provides renovation

If you wish to know your maximum loan eligibility, please fill up details below.

This post has been edited by ngph988: Sep 18 2016, 02:35 PM

Care to explain from your own perspective. I'm willing to listen.

This post has been edited by ngph988: Sep 19 2016, 12:06 PM

Please do provide me your financial details so I can calculate thoroughly.

Hi there, refinance under personal name or company name?

Different entities will required different document checklist.

Perhaps you could share more details on your financial background and property details for further assessment.

Approximately 1.065 mil base on my calculation. Different banks have different calculation on commitment and income.

If you wish to know more, feel free to buzz me

Hi tuanlam417,

May i know the allowance is fixed or variable?

Based on my rough calculation, your maximum loan eligibility is approximately 792k.

I will need to check through your CCRIS and CTOS to confirm any ongoing default payment, special attention account or legal dispute.

If you wish to know more, feel free to contact me

Hi painkillerz,

Max loan eligibility is approximately 800k.

To further determine your max loan eligibility, I will need to go through your CCRIS and CTOS to ensure you are not liable for any ongoing default payment, special attention account and legal dispute.

If you wish to proceed loan application feel free to buzz me.

It's all about your own preference.

Have you thought about the complexity of online banking for each bank? Or perhaps how friendly is customer service of one bank? Sincerely hope you can choose a bank which you feel comfortable with

Quite marvelous deal, perhaps you may choose between rate and your preferred bank. Remember, you are your own financial planner.

This post has been edited by ngph988: Oct 31 2016, 12:44 PM

Good day andreleegs,

Will need you to provide following details for max loan eligibility.

1) Borrower info

Age
Occupation
No of borrower
single/joint borrower
No of housing loan on hand

2) income

A) Salary earner
Gross salary
Allowances
Fixed (average in 3 months)
Variable (average in 6 months)
OT
Bonuses
Contractual (total amount in 1 year)
Performance (total amount in 2 years)
Commission

B) Self employed
Credit amount of company bank statement in 6 months
Income tax declaration

3) monthly commitment

Housing loan
Hire purchase
Personal loan
Asb loan
Ptptn loan
Credit card
Share margin
Other term loan
Od

4) supporting document

Rental
Savings
Fd
Asb dividend
Share dividend
others

5) property details

Under construction or subsales
Property type
How many storey (for landed)
Purchase price
Master title / individual title / strata title
Freehold / leasehold
Property address
Build up / land area
Renovation

First of all,

Congratulations that you successfully bid auctioned property. Perhaps you can share your personal info before I can assess and advise further.

Hi reeve-826,

Good day, 4.2% is possible offered by the banks however still subject to your loan amount and personal scoring. May I obtain the following details before I can advise further on mortgage loan?



would like to check if in AKPK program...
but salary is enough to borrow after deduct akpk monthly fees and other commitment...


You need to uplift your AKPK status then only able to apply for any loan.

This post has been edited by ngph988: Jan 3 2017, 03:10 PM

Illustrating base on your scenario (just giving an example so that you will understand the idea and overall process)

Saying that market value is 550k and max loan financing is 90%. Thus, max loan eligibility will be 495k.

495k - current outstanding (353k) = Max cash out (142k)

What's different between top up and refinance in terms of costing.

Top up
- You will need to pay for legal fee on top up portion only. Existing loan will not be interfered

Refinance
- Loan Legal fee (for total loan loan amount applied)
- Valuation fee
- Stamp duty
- SNP Legal fee (If there is any ownership transfer involve)

Some people do prefer refinance over top up loan due to several reason
- Change of ownership over property/loan
- Interest rate, some banks do offer attractive rate
- Bad experience towards existing bank. Customer is king.
- Promotion. Some bank will offer zero moving cost in order to attract new business to expand their targeted customer segment.

This post has been edited by ngph988: Jan 17 2017, 01:50 AM