Dear Bankers/ Loan agents,

Out of curiosity..
How much you guys make a out of a deal?

Say for successfully getting a loan of RM490k?

Is that 1% or 0.5% ?

This post has been edited by Puchong Family: May 17 2013, 11:51 AM

1.2 % average .goodtimes and hardworking can fetch up to 20k per month

gov. sector loan can get as high as 2%. Private around <0.5%

This post has been edited by pakdamek: May 17 2013, 10:05 AM

holy syiat. thats sooo much. but what if theres no customer for a month?

u have to look for customer.bank will give u contacts to follow up.and u'll be surprised how rich malaysians are in terms of loan

From my understanding not all banks pay the loan officer the commission for successfully closing the case.

Thats why banks like OCBC, PB, Hong Leong, RHB hunt for customers like crazy.

But Maybank officer show "tidak apa" attitude

This post has been edited by Puchong Family: May 17 2013, 10:48 AM

cause without housing loan they can survive what. many business with the government side.. recently CEO also become minister already

I'm more keen on how much do the loan officers in PB and OCBC make?

Last time I want to take a loan 300k to settle in 2 years
Not a single agent give a damn to me

So I guess commission is based on total loan plus years of it

It's important to specify what type of loan or credit facility.

My understanding:
For housing loans, it can go up to 0.35%, but more likely to be less than that. Very common to earn nothing or just 0.1%. This particular product is very unprofitable compared to work done
For personal loans, it can go up to 2%, depending on product/bank/lender
For car loans, a fixed handling fee, RM600 is common
For CC, a fixed commission depending on card type, usually anything from RM50 - RM130

This post has been edited by METALRAGE: May 17 2013, 12:27 PM

housing loan product is lowest profit product.
not much for loan below 500k
please thanks to those bankers who served you well if your loan below 500k.

like CIMB only 0.065% for completed
let say 400k is about RM 260
but directly under bank would have alot of things need to follow up for you until disbursement.

they will try to allocate their time for bigger loan since the workload is same.

Of course the bank make more money compare to the loan agent... bank gets 30 yrs interest... pretty hefty sum of profit.

Lol...funny but true...

So 500K housing loan with OCBC loan officer make 500K x 0.35% = Rm1750?

500k is around 0.075% to 0.1%

Yet, some customers f**k us upside down cos loan cant approve, lawyer dowan give us discount etc.

This post has been edited by Asgaard: May 19 2013, 12:16 PM

Im not sure bout how much a loan banker make. But I respect most of my bankers who hav assisted in getting the best for me. Anyhow there r oso bad apples in tis industry. I once experience an officer fr u0b namely WY Loh. Loan amount given to him was few mil and once I signed LO his attitude change entirely and seldom pick up calls. No long later disappeared and cant b found. Even his colleagues oso say he just resigned n din even serve the final few wks. Wonder how can a person like him b a banker who is suppose to provide professional services and advises to clients.

However kudos to those who perform well and earningbig.

must be bank HR simple hire anybody to be loan officer also his supervisor didnt do good job to followup and taker over the task

This post has been edited by felixmask: May 19 2013, 01:18 PM

472K amount of loan will fall into same range of commision? which is 0.075% to 0.1% as you mentioned?

For my bank, yes. So other bank should be the same

i am a banker/ loan agent.

a loan agent get averagely 0.1% to 0.3% of loan amount as commission.

a bank sales staff working for bank get basic salary between RM2k to RM4k, plus average commission of 0.15% to 0.2%. if the bank staff able to hit target, can reach 0.25% for the particular month.