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 Personal Financial Management V3, It's all about managing your $$$

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nevland
post Apr 1 2015, 08:23 AM

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1,055 posts

Joined: Jan 2003
From: Kajang | Cyberjaya


QUOTE(T231H @ Mar 29 2015, 12:01 PM)
hmm.gif at times there is NO buffer or "negative buffer" yet the bank approves it...
a friend of mine
income RM 8000 pm
minus EPF, PCB tax, Socso
net about RM 6000 pm
recently bank loan approves RM 4000 per month loan installment.... doh.gif ....
to add some thought....he is a bread winner with a wife and 2 kids.... doh.gif
just wondering what is the loan approval criteria?
*
I think the bank consider EPF account 2 as income also, because you can withdraw it monthly to pay your housing loan...

 

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