Hi Madgeniusfigo,

1) I current earns a gross salary of RM3800 per month and do not have any outstanding commitments and debts. What is the max house loan eligible for my situation?

2) Besides, I would also like to enquire if bank will approve loan to fresh grad who is still under 6 months probation?

3) Lastly, can you briefly explain the pros and cons of joint loan.

Thank you for your time. Appreciate your expertise.

Property Price: RM 450,000
Margin of finance: 90%

1) Borrower info

Age: 24
Occupation: Finance Exec
No of borrower: 1
Single/joint borrower: Single
No of housing loan on hand: Nil

2) Income

A) Salary earner
Gross salary: RM 4,000

3) monthly commitment

Housing loan: Nil
Hire purchase: Nil
Personal loan: Nil
ASB loan: Nil
PTPTN loan: RM 300
Credit card: RM 1,000 (Always fully paid-off after statement released, some banks still like to take 5% as commitment despite fully paid-off which is nonsensical imo)
Share margin: Nil
Other term loan: Nil
OD: Nil

4) supporting document

Rental: Nil
Savings: Will not have much left after 10% Down payment, S&P and stamp duty. Do let me know if loan agreement is provided for free.
Fd: Nil
Asb dividend: Nil
Shares: Nil
others: Nil