Dear WL116,

Yes that's possible

1. MLTA guaranteed return will have a slightly higher premium

2. WIll need few details to check the quote for you

- Birth of date
- occupation
- Amount to be assured (loan amount)
- gender
- smoke?

Cheers

Dear brothercheong,

1. Yes it does, but depends on which letter offer. Which bank is it?

2. That's how progressive interest payment works..

1) 10% Downpayment

2) 15% stg 2a (Pilling / below ground works)

3) 10% stg 2b (Concrete slab for your unit

4) 10% stg 2c (bricks wall)

5) 10%stg 2d (internal piping and wiring)

6) 10% stg 2e (internal and external wall plastering

7) 5% stg 2f (sewerage serving the building)

8) 5% stg 2g (drainage serving the building)

9) 5% stg 2h (Road serving the building)

10) another 20% upon VP (splits down to 12.5+5+2.5)

So for example, your property is 500k. after the bank release the first payment (example : 15% = 55k to the developer)

which means u have to pay the loan interest of 55k x (your bank interest rate) . (Note : INterest rate only, without Principal)

if your property is 500k, loan amount 300k which means differentiate sum is 200k.

the developer will claim from you first, which means you have to pay your portion (upon claim attached with architect certificate) until you've finished your portion only the developer will send their billing to the banks to claim the balance

Cheers mate!

Dear zr125,

1. Yes, you can use same lawyer for both, not an issue and it's better.

2. for RM260K spa price would be as below:

estimation from averaging lawyer fees quote.


image hosting

RM8657, full price for whole professional fees + disbursement

above pic is an example *stating this to avoid AIA army to bash me for providing too much information to netizen*

Cheers mate!

Dear

1. well, one thing is, the lawyer must be a panel of the banker's bank where you signed the LO with.

2. If your lawyer isn't panel or even adhoc... then can't used..

3. If your lawyer is panel and banker said must used his because bank said so or what ever reason... that's not honest..

Cheers

Okayyyyy

that's bullshit..

If he said can't be cause must... then is bullsht... if he said use the same spa lawyer and his legal loan lawyer to hasten the efficiency of process.. then it wil be better.. as it is true..

LOL

Dear

1. I would prefer you use same lawyer for both if you trust the lawyer capability.

No comment on the internal fight..

Just chose based on your best interest!

Cheers

Dear brothercheong

No problem.

1. CALL CUSTOMER SERVICE to know more, it will be better

2. The clause usually at the back with full terms explanation

3. have the banker that serve you find out for you!

Cheers mate

Dear wex99,

1. I need to calculate your max loan, so that I know which bank you are eligible and not.

2. Take note


- is it conventional or islamic

- is MRTA mandatory

- semi or full flexi?

- Query the penalty charges. If any late payment involve in the future, how much will the bank increase the rate and will the rate be reversible

-Whether the loan interest is daily rest or montly rest

-additional fees incurred 

- Lock in period (for under construction property)

whether charges of penalty effective from 3 years of 1st disbursement or 3 years of full disbursement.
For our under construction property it is important as:

"1st disbursement" happens in 2015 = 2015+3 years

"full disbursement"happens in 2017= 2017+3 years

see the difference? full disbursement actually takes 3+3 years means 6 years before penalty is voided.

- make sure all the stipulated charges you listed are the same in the letter offer.

-how penalty charges are charged, on the outstanding amount or the loan limit.

"loan limit" is the amount loan you borrowed from bank since day1.

- Tried calling the bank service centre and see if they pick up and provide good quality service.


3. HLBB, RHB, MAYBANK, PBB.

4. anymore inquiries, just let me know

Cheers mate!


No problem man, just ask the branch for more accurate answer...

well, ask 2 person.

sometimes the banker in branches are not well informed..

It happen to me, when 2 rhb branches gave wrong information on the flexi account setting... in the end have to provide letter of confirmation from HQ department to let him understand the truth.. DUH....

Cheers mate!

Dear Kelvin5717,

1. loan rate depends on solely your profile, if profile meets the criteria, rate would be lower.

2. worth it in long term, but not worth it if your current cash flow is tight, and you still need to pay initial upfront 3-5k

however, for subsales, you can opt to finance your legal loan into your loan packages.

Cheers

Dear luotang,

1. If you credit RM5K from the very beginning of the loan, stay till the end of the loan

example

RM500K loan
4.4% interest
35 years loan tenure


url for an image


You would save RM17K for the whole loan tenure, by crediting RM5K in the loan account


2. You can take semi flexi though.. almost the same features.

CHEERS

Dear

if you frequent withdraw, then better you put a portion of cash in saving or anything place that are liquid, instead of loan account

Cheers

Dear kensaurus,

1. More name in SPA won't increase the margin of finance. 2 spa name is ok.

2. So this will be 2 spa name and 1 borrower loan right?

3. I assume RM180K you stated is annual income
Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 1,609,225.00
H*NG LE*NG 1,827,145.83
M*YBANK 1,504,708.33
*CBC 1,719,666.67
R*B 1,827,145.83
U*B 1,504,708.33
C*MB 1,827,145.83
AFF*N -
PB* 1,827,145.83
HSB* 1,719,666.67



4. rejected maybe due to some reason..maybe the banker applied wrong bank that doesn't suit the bank criteria. but, I would need to check your docs and your CBS first.

5. anymore inquiries, just let me know

6. is it forest city?

CHEERS MATE

Dear

1. subjective, however 80%-90% also possible, but subjective. It depends how strong is your profile. Need to have a look at it first, only I could give a clear answer.

2. I see, which nationality are you, If you don't mind answering.

3. If you aren't frequent withdrawal or business with cash flow, then semi flexi will still be alright.

Cheers mate!

Ok noted o this.

it's good.

Dear AmeiN,

1. Through the lawyer when signing SPA

2. Yes, after you receive your letter offer, sign LA, SPA,, then you head to KWSP as a proof , then they will release money in 1 week time.

Cheers


Dear IM NEW,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Rm
A*BANK 206,939.89
H*NG LE*NG 213,772.00
M*YBANK 160,851.67
*CBC 213,772.00
R*B 316,337.69
U*B 213,772.00
C*MB 261,667.35
AFF*N -
PB* 261,667.35
HSB* 213,772.00

2. PTPTN not an issue, can be solved.

3. but your DSR not strong enough for this loan

4. DO you ave
-bonus?
-rental income?
-allowance?
-commission?





Yes of cos he is fast, he is AIA agent!

1. MLTA has alot of different structure, it really based on you need

2. IF MRTA a compulsory, I would take bank with lowest effecting lending rate and best service

3. It's better to purchase MLTA from independednt company

Dear olbondg,

hmmmmmmmmmm????



Dear isildur88,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Rm
A*BANK 149,070.28
H*NG LE*NG 146,868.57
M*YBANK 102,628.57
*CBC 146,868.57
R*B 151,245.93
U*B 146,868.57
C*MB 193,485.93
AFF*N -
PB* 193,485.93
HSB* 146,868.57


2. How old is your mom? if joint name with her as her income based on pension, it will be subjective to underwriter approval, subject to her age too though



Dear z21j,

1.
80% is possible but really subjective to your profile net worth

if you are solely taking the loan, it will be around 50-80%

2. If you joint name with locals here, the chances will be much higher !

Cheers mate

Dear isildur88,

1. it will be subjective. as the main income provider in the joint loan would be your mom, loan tenure might adjust lesser.

2. So the answer is, yes can go for the submission, but there's subjective approval.

3. anymore inquiries do ask

Cheers mate!

Dear

1. restructuring is not always a good thing. However, can avoid but to proceed with this methid, if you need the property quick

2. 80% is the utilization. based on how much you used last month to your total credit limit.

used amount will be consider as debt with calculation of 5% of the total amount

3. CC debts based on how much you used last month, not how much you cleared outstanding.

4. Anymore inquiries, do let me know

Cheers

Dear aerobowl,

1. When you sign the SPA. You need to pay the difference.

Cheers

Dear Serenakong,

1. as it's commission based. Need 6 months, 80-85% as your income derivation from bank. HOwever, certain bank will take in 100% of your income. Depends which agency you are from

Cheers

Dear


1. Yes, this is a wisest thing to do. We can help you out calculate your max loan here.

1.Borrower
a.age
b. No. of borrowers
c. no. of housing loan

2. Income (borrower)
a. Gross salary
A:
B:
b.Variable income for business (6months latest)
"1.
2.
3.
4.
5.
6."
c. OT
d. Fixed allowance
e. Variable Allowance (6months latest)
"1.
2.
3.
4.
5.
6."
f. Bonus contractual (1 year bonus amount)
g. Bonus performance (2 years bonus amount)
h. Comission (6 months, each month amount from the earliest)
"1.
2.
3.
4.
5.
6."

3. Supporting income (borrower)
-Tenancy agreement rental (6months)
"1.
2.
3.
4.
5.
6."
i. ASB ( 2 years total DIV)
j. Shares dividend
k. Fixed deposit

4. Initial borrowing amountfot Debt / commitment (borrower) "joint or indiv"
a. Hire purchase loan
b. Housing loan
c. Personal loan
d. PTPTN
e. Credit card (Outstanding/usage)
(Every card credit limit and outstanding)
f. ASB loan
g. Overdraft

4. If you are self employed

a. Busines income (Company credit balance for the latest 6 months)
I
II
III
IV
VI
V

b. Company business industry

c. Sole Proprietor / Partnership / Sdn Bhd / LLP /MNC

d. SSM registration establish for how many years?

e. If SDN BHD/ LLP / MNC (What's your shares allocation in the company?)

f. Do you pay tax?

5. Background (borrower)
a. Occupation
b. age
c. currently staying at?

6. Property
a. purchase price
b. subsales or underconstruction
c. freehold or leasehold
d. 1 borrower or joint borrower
e. Strata/individual title or master title

7. CCRIS
a. Have you defaulted any loan before? CCRIS showing "1" "2" for that specific loan

CHEERS

Hey there!

Undercon

Spa : signing SPA WITHIN 2 WEEKS AFTER booking from signing, can extend. need to talk to developer
Loan legal fee : this is when you signed letter offer for loan, then bank executed Letter instruction to the lawyer, and spa signed. Only you will sign the loan agreement.

above will take 1-2 weeks from loan approval


However, spa signing sometimes developer will delay etc..

so there's no fixed timing for this, put it as 1-3 weeks as an estimation

Stamp duty on MOT: estimation around VP, completion of project 1-3 years timing

Loan execution : Loan execution depends when developer signed the SPA and Loan agreement. subjective timing, as depends on developer when gonna sign.

Loan disbursed : this will disbursed according to progressive table scheduled. first loan disbursement on the first 15%. Execution of this will depends on the developement progress on pilling.

when loan approved executed the loan, project has reach stage 2. then money will disburse

around 1 months ++ , subjective



Cheers




Dear klsooo,

1. Yes, first house for RM500K

loan stamp duty waiver by RM1500

SPA stamp duty waiver by RM5000

per 2017

2. However, your valuation 700k, spa charges will be accordance to this. except =X

3. Any more inquiry, let me know

Cheeers

This post has been edited by Madgeniusfigo: Apr 12 2017, 05:54 PM

Very much agreed with you on the spa part.