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 HOW MUCH DOES A LOAN AGENT MAKE ?, Say for closing one home loan worth 490K

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METALRAGE
post May 17 2013, 12:25 PM

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QUOTE(Puchong Family @ May 17 2013, 10:02 AM)
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% ?
*
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

 

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