2 days ago i read paper saying that bank negara change stupid policy again.

now they only can give loan for 60% from your bring back income?

any different than one third?

gosh... so headache.

any advice on this guys?

This post has been edited by garagesell: Jul 7 2013, 07:17 PM


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I tot will only start after announce in budget 2014?

ok wat... it used to be 30% only.

damn... i remember got write 60% leh... which page already.. haha...

got la
2nd row 3rd paragraph...

1/3 or 30% is the rule of thumb for one's housing loan. However, the total loan of a person can go as high as 60-70%, depending on credit strength and history. Total loan can be made up of other commitments, such as hire purchase loan (car loan) and also personal loan. But assuming if one does not have hire purchase loan and personal loan, then it is possible to get a higher percentage for his housing loan. Again, this depends on credit strength, and additional supporting documents such as good history (monthly installment) and also strong credit (fixed deposits, Amanah Saham cert) will help a lot.

my housing loan baru 1/8 of my gross salary.. much rooms for free play tak yah worry. Unless wanna buy million dollar house la. then need 60% else don't be too greedy rm300k - rm400k enuff liao la.

I believe the commitment of the individual is more crucial.

60% means all of your loan (car, personal, house).

not high pay fag but i'm better down to earth.. Now days ppl buy house.. they want landed.. G&G. House need to be big but only for 2... We running out of land la.. don't need to push yourself too far. settle down with a decent condo ok liao lo.

that's during the recession time, i.e. '97?

i tot ts was talking about housing loan.

it was 30% for many years, then sometime 2006-2010, banks cud do 50% or higher. not anymore, i think.

as someone already explained, total housing, car, personal, credit card can be 60-70%.

so if 70% hutang, gross 5k, net 4.5k, pay debt 3.5k, left 1k - 2 nights with yr darling habis la...!!

seriously, i have no idea how some people can live with so much debt...

This post has been edited by AVFAN: Jul 8 2013, 01:43 AM

Tat is just the max loan limit...no people will goes to 70% hutang one la.. Lol

60% for lower income earner.

But what's the definition of lower income ?

I believe some did. It all depends on the income. 70% debt for person w 2k salary n person w 20k salary is different.

bring back income means after deduction of your commitment.

eg

income 5000 - (500 car loan) = 4500 x 60% =
2700 (Monthly Installment)

I think bring back income means after deduction of epf, socso,pcb so on.. car loan, house loan, card are all included under debt

yes of course exactly, clean commitment they'd say

Nett income/take home pay means what u get after epf and tax deduction..

In the text they mentioned 60% for NEW borrower only. It means dat repeated borrower can stil go up to 70%? Why ar?