Latest pros and cons on applying mortgage loan. Update 12/7/2013

Mortgage Loan Requirements:
- Loan Tenure: 35 years or up to age 70 y/o
- Loan Interest: current BLR = 6.6%
..........................<100k-------= BLR - 1.7%
..........................100k-200k--= BLR - 2.2%
..........................200k-400k--= BLR - 2.3%
..........................>400k-------= BLR - 2.35%
..........................>1 mio------= BLR - 2.4%
- Loan Margin:
......................90% impose to 1st & 2nd property
......................70% impose to 3rd property
- Loan approve on Purchase price or Market value whichever is lower.
- Loan processing period: 5-10 working days.
- For more info, please contact Joel 016-331 2486


Document needed for application:

Employed:-

1. Photocopy of Applicant(s)’ Identity Card(s)-----------------------(2 copy)
2. Photocopy of Payslip-------------------------------------------------(latest 3 months)
3. Photocopy of personal bank statement-----------------------------(latest 3 months)
4. Photocopy of EPF statement------------------------------------------(last 6 months)
5. Photocopy of EA Form / BE Form
6. Letter from employer if employment is less than 6 months
7. Photocopy of S&P Agreement
8. Photocopy of Title Deed
9. Booking receipt (For Under-Con property only)
Refinance:
- Photocopy of last 12months loan statement from current financial institution.


Self-Employed:-

1. Photocopy of Applicant(s)’ Identity Card(s)-----------------------(2 copy)
2. Photocopy of Payslip-------------------------------------------------(latest 6 months)
3. Photocopy of personal bank statement-----------------------------(latest 6 months)
4. Photocopy of EPF statement-----------------------------------------(last 6 months)
5. Photocopy of company bank statement----------------------------(latest 6 months)
6. Photocopy of Business registration--------------------------------- (Form 24, 49, M&A)
7. Photocopy of Income Tax Statement/B Form----------------------(with payment receipt)
8. Photocopy of S&P Agreement
9. Photocopy of Title Deed
10. Booking receipt (For Under-Con property only)
Refinance:
- Photocopy of last 12months loan statement from current financial institution.


https://forum.lowyat.net/topic/2882252