Dear

1. loan is based on your borrowed amount, stipulated in the letter offer. if it's rm500k and less.

yes it can

Cheers

Dear Lvl 2 sword master,

1. Legal loan fees

Professional Charges
Facilities Agreement
Charge Annexure
Discharge of charge
Entry and Withdrawal of Private Caveat
Consent to charge
Statutory Declaration

Disbursement
Stamp duty on the Facility Agreement (Original)
Stamp duty on the Facility Agreement (Copies)
Stamp duty on the Charge Annexure
Stamp duty on the Discharge of charge
Stamp duty on Letter of Offer
Registration Fee on Charge
Registration Fee on Entry and Withdrawal of Private Caveat
Registration fees on Discharge of charge
Registration fees on Caveator Consent
Affirming Fee/Bankruptcy Search
Stamping on Statutory Declaration (Owner Occupation/not a bankrupt)
CTC Title
Application and Registration fees for Consent to Charge
Land Search
Documentation Fee
Transportation
Telephone Calls, Facsmile, Printing charges and couriers and etc
Miscellaneous

GST 6%

2. Legal spa fees

Professional Charges
Sales and purchase agreement
Deed of assignment
CKHT 2A


Disbursement
Stamp duty on the deed of assignment (SUBJECT TO VALUATION)
Stamp duty on the deed of assignment (COPY)
Stamp duty on the Sales and Purchase Agreement
Deed of Mutual convenants
Affirming Fee/Bankruptcy Search
Developer confirmation fees
Land Search
Transportation
Telephone Calls, Facsmile, Printing charges and couriers and etc
Miscellaneous

GST 6%



above is an example, it depends on your property type and land title etc and other factors. It will determined the charges differently.

Cheers

Just inform the lawyer your first time house buying, they will know what to do


Cheers

Dear AmeiN,

1. Yes

but

2. Some lawyer allows you to defer the payment, but have to make sure pay else they won't proceed with the loan progress

3. SOme lawyer allows you to do in installment.

Depends on the lawyer

Cheers

Dear

For me, if the ELR is the same, spread rate different isn't differ by alot, I will chose according to few criteria as below:

A. Banks that are easily accessible to your vicinity, why take loan offer form bank when you need them, you need to drive 20-40km.

B. Customer services, go with bank that offer tremendous value added service, try calling their hotline whether easily reached and are they responsive and helpful. In long term, this will lessen any unwanted hassle.

C. Semi or Full flexi that suits your criteria. SOmetimes, different banks semi and full flexi mechanism is different

D. Does the loan package has the right features that you need? Finance legal fees, semi/full/fixed/islamic loan ? lock in period or without? defaultment period ? loan account is it link to saving or current account?

E. Does the consultant serves you well?

etc all this that must put into consideration into long term perspectives instead of just interest rate. Effective interest rate right now is quite short term view.

Cheers

Dear

1. Yes it will reflect. will show a "T". on the debt facility

2. If she apply with CTOS problem, yes it will be rejected. Only one bank that doesn't check ctos, but the bank DSR isn't quite high. So it depends , have to look at her profile first nad calculate max loan on each bank.

Dear tcch,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Rm
A*BANK 180,476.00
H*NG LE*NG 356,531.83
M*YBANK 64,199.67
*CBC 133,674.00
R*B 270,667.50
U*B 168,411.17
C*MB 270,667.50
AFF*N -
PB* 270,667.50
HSB* 133,674.00
Things to take note of based on my max loan calculation

" -The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

2. Max is RM356K

3. IF you have bonus income, FD, SHARES, ASB, or tenancy rental income. It would help

Cheers



upload pic

Dear AskarPenang,

1. RPGT is over after 5 years spa signed.

2. Now the topic is about refinanceing via MOT.

- If you refinance via spouse, the process going through MOT, there's a waiver based on transfer with love and affection method.

With transfer with love and affection, you will be eligible for SPA stampduty full waiver.

3. Refinance and subsales waiver is totally a different issue here. SO do take note.

4. If you have anymore inquiries, do let me know

Cheers mate!

Dear Syd G,

1. If you wish to remove one of the spa owner in the land spa assigned. You must go through refinance, if you still owe bank the $$$$

2. If you go through refinancing, you will be charged on valuation, legal loan and legal spa

Method 1
-If you wish to go low cost with the removal of ownership, why don't ya pay off the loan 40k and then have a lawyer to help you draft the transfer without going through refinancing, which will save you alot of money

Method 2
- Going through refinancing to remove on of the owner name
Which cost will go around 10k++ and for a better rate, your loan of refinancing must be around 200k and above to secure a better rate loan, else if rm100k and below, the rate will range between 4.5%- 5%

Cheers

Dear [soolim88],

1. You need to know a nice banker that would draft you the letter of rejection

else

2. You submit a subpar low income doc that doesn't qualify DSR requirement and get rejected. Which I don't encourage as will be time wasting for the banker though.

Cheers


You can try!

Dear xasar,


Your gross income would be around 11k

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Rm
A*BANK 815,198.89
H*NG LE*NG 1,187,745.83
M*YBANK 749,942.85
*CBC 993,770.67
R*B 1,180,199.02
U*B 790,212.33
C*MB 1,178,449.02
AFF*N -
PB* 1,178,449.02
HSB* 993,770.67
Things to take note of based onmy max loan calculation
" -The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

" - I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

2. Let me know if you have anymore inquiries!


image hosting gif

Cheers mate

Dear

NO such this as a must to purchase of MRTA! no such thing

only PBB!

Cheers

Dear Lvl 2 sword master,

1. Base rate + spread rate = Effective lending rate

Base rate will alter according to banks need from time to time, hence it will affect your EFL

Spread rate will be fixed throughout the loan tenure.

Hence, banker like to say lower spread rate will be better:

Example:

A) 4% + 0.5% = 4.5% effective lending rate
B) 4.1% + 0.4%=4.5% effective lending rate

Both ELR is the same, but the spread rate is different.



Hence in common perspective sense, people will chose the lower spread rate as it is fixed throughout loan tenure. Thus will say B is better.

But actual sense, there's no best solutions or answer for this. Because, lower spread rate doesn't secure the bank from increasing the base rate in the future and ELR is higher than A in the future.

It's very subjective:

1. Base rate is different across different banks.

2. When OPR adjusted by BNM, Base rate wouldn’t bulge.

Base rate would either stay neutral or increase, depends on bank owns decision. Base rate could even change without OPR altered.

3. SRR is the reserve requirement that bank needs to uphold, set by BNM. It’s a liquidity management. When BNM believes economy is prospering and lack of funds, it may reduce SRR requirement to keep less money as reserves in bank and have bank lend more fund out for economic activities. This lead to higher loan growth. The changes of Base rate can reflect the effectiveness of Government Monetary Policy.

4. Spread are defined according to the borrower risk profile, but spread rate are mainly fixed when display to public, as most of the borrower holds almost identical risk.

5. Base rate may be adjusted every 3 months, it’s following KLIBOR. Every 3 months we may or may not witness a changes in bank base rate, but it depends on the banks own internal decision. Hence it is subjective. 3 months stated are just an example usage.

Example:
Jan OCBC rate 4.02
April OCBC rate 3.92

6. Spread rate will not change and is fixed till the end of the loan tenure

7. even when base rate is superbly low, the effective lending rate in the end could be higher.

Example:

Maybank: Base rate 3.2% + Spread 1.5% =4.7%
OCBC: Base rate 4.02%+ Spread 0.5%=4.52%

It all boil's down on the spread given, hence do look at the effective lending rate instead!!! Shop around and ask your mortgage agent.

Base rate

Pro
a) Greater competition between banks
b) Higher transparency, as bank will display their profit margin and bank lending efficiency
c) Bank loan rate changes will have a higher correlation with Malaysia market economy and OPR.
d) Better indication in monetary policy changes.

Cons

a)Uncertainty. Rate may change accordingly to banks own internal desire.
b) There’s a bottom line for how low our loan rate can drop.

Example:
BLR 6.85
6.85-2.5%=4.35%
6.85-2.6%=4.25%
And so on
Base rate
3.2%+ 1.35%= 4.55%
3.2%+2%= 5.2%

BLR is negative in nature, it can go as low as the bank allows it to be.

Base rate is positive in nature, it has a benchmark bottom line. 3.2% is the bottom line and won’t go any further down."

For me, if the ELR is the same, spread rate different isn't differ by alot, I will chose according to few criteria as below:

A. Banks that are easily accessible to your vicinity, why take loan offer form bank when you need them, you need to drive 20-40km.

B. Customer services, go with bank that offer tremendous value added service, try calling their hotline whether easily reached and are they responsive and helpful. In long term, this will lessen any unwanted hassle.

C. Semi or Full flexi that suits your criteria. SOmetimes, different banks semi and full flexi mechanism is different

D. Does the loan package has the right features that you need? Finance legal fees, semi/full/fixed/islamic loan ? lock in period or without? defaultment period ? loan account is it link to saving or current account?

E. Does the consultant serves you well?

etc all this that must put into consideration into long term perspectives instead of just interest rate. Effective interest rate right now is quite short term view.

2. upper limit only limited to islamic loan, whereby they put ceiling of around 10% range

3. No one know. based on blr, the highest it goes is 12% before.

4. After this I think u can level up to lvl10 sword man.! hahaha

Cheers



Dear akecema,
1.Just sign the letter offer will do

2. If she still need document, means loan in process, not yet approved .. she/he just saying that to comfort you...

CHeers


Dear -Nos-,

1. Usually min is at range of 2% of the loan amount

it differs by bank though

Cheers

Dear EuPhoBoy,

1. Either he she havent had the loan approved

2. He does't want to give you the LO to compare with other banks to protect his advantage

3. It really depends how banker and you deal with each other. There do exist banker that are notorious in a way of not giving you the soft copy until you meet him her for actual signing.

It depends

Cheers

Dear T101,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Rm
A*BANK 505,130.00
H*NG LE*NG 732,912.50
M*YBANK 648,118.33
*CBC 555,530.00
R*B 646,287.50
U*B 601,824.17
C*MB 646,287.50
AFF*N -
PB* 646,287.50
HSB* 555,530.00
Things to take note of based onmy max loan calculation
" -The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

" - I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."




how do you upload photos

Dear,

1. Difference


Full flexi:

1) current account tied to loan account
2) auto debit from current account at month end and interest is calculated based on outstanding balance minus amount in current account
3) maintenance charge of RM10 per month
4) setup/ processing fee of Rm200 (certain bank)
5)The liquidity comes in the form of an ATM card or a linked CASA account to the housing loan. 
Example: You have a shop that is opened Monday to Satuday, rest on Sunday. On Saturday, you deposit all your proceeds of the week into the flexi account, on Sunday, you would save [(your-HL-interest-rate)/365]*AmountDeposited worth of interest. On Monday, you withdraw the money to run your business
6) Withdrawal of money or crediting of money through ATM,CHEQUE,OVER THE COUNTER, or online

Semi Flexi

semi flexi package typically has these features:
1) requires you to phone in to indicate the extra payment as early settlement of advance payments
2) if you fail to indicate, you will be charged 1% (some banks do this afaik)
3) if you indicate advance payment, no additional interest is saved as "advance" payment will only be credited to your loan account when it reaches your cycle date, so it is plain advance payments. and must be in multiple of your monthly payment.
4) For redrawable prepayments, you need to indicate separately and Redraw charge of RM50 is imposed (M*B charge Rm25)
5) Withdrawal of money or crediting of money through Cheque or Over the counter


2. Well, because the MBB full flexi is due to the nature of the full flexi which tweak differently.


The fluctuating installment in mbb is actually resulted from a principal plus interest payment set by mbb. 

A lot of people(including bankers) do not know that interest is calculated based on your previous month end balance and not charged upfront like car loan or personal loan.

In maxihome flexi case, Maybank set a higher repayment on principal so your month end balance is lowered hence resulting a lower interest on the subsequent month. 

Say 500k loan, 35 years loan repayment, 4.5% interest rate:

normal semi flexi package 
Repayment rm2367
Principal repayment rm492
Interest repayment rm1875
End balance 499,508

Maxihome flexi
Repayment rm4000 (example only)
Principal repayment rm2125
Interest repayment rm1875
End balance 497,875
----------------------

2nd month 

normal semi flexi package 
Repayment rm2367
Principal repayment rm493
Interest repayment rm1873
End balance 499,015

Maxihome flexi
Repayment rm3992 (example only)
Principal repayment rm2125
Interest repayment rm1867
End balance 495,750

(Interest,repayment amount and outstanding balance reduced, but each month have to fork out more)

Cheers mate

Dear,

1. It depends on your profile and dsr

2. It also depends on how bad is your ccris as your describe it is.

what's with your ccris? let us know

-is it with bad arrears 789?
- or high credit card debts


would need to look at the overall profile before giving you any advise :
Cheers

Dear

1. If it's from commitments problem, can be solved.

2. make sure your credit card utilization is not more than 75%, maintain that level.

3. There's more ways to deal with it. But have to make sure your cash out refinance can go through approval only you could get the cash to cover the commitments.

Cheers

This post has been edited by Madgeniusfigo: Apr 20 2017, 02:47 PM

Dear xin,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Rm
A*BANK 255,577.87
H*NG LE*NG 394,500.75
M*YBANK 370,266.96
*CBC 248,966.91
R*B 372,557.06
U*B 288,982.01
C*MB 368,657.06
AFF*N -
PB* 368,657.06
HSB* 248,966.91
Things to take note of based onmy max loan calculation
" -The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

" - I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

2. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path.





Cheers mate

Ur profile Possible to get.


Dear o0o0,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Rm
A*BANK 647,193.33
H*NG LE*NG 782,997.02
M*YBANK 690,097.22
*CBC 658,351.19
R*B 766,222.22
U*B 658,351.19
C*MB 706,701.39
AFF*N -
PB* 706,701.39
HSB* 658,351.19

Things to take note of based on my max loan calculation

" -The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

" - I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

2. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path.




Cheers mate

Different bank have different DSR.

range 50-90%

Dear




Cheers

Dear superdev,

1. usually the letter offer can last quite long, but best to sign it quick before any alteration from bank side and need to come up with a sub LO... still ok.

usually 2 weeks

2. Banker would be reluctant to provide you the letter offer, to avoid you comparing with other banks or use the letter offer upper hand to negotiate better loan with other bank.

3. For me, I am a transparent consultant, will deinitely send you the letter offer for you to read through.. not an issue.. As I always ask client on their needs and objectives before applying the right suited taylor made package to clients, hence I won't have this issues

4. based on banker method of dealing with clients though

Cheers mate!

Dear MrBlackie33,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Rm
A*BANK 977,249.22
H*NG LE*NG 1,017,441.20
M*YBANK 831,430.40
*CBC 910,338.40
R*B 940,913.41
U*B 910,338.40
C*MB 1,152,295.20
AFF*N -
PB* 1,152,295.20
HSB* 910,338.40

Things to take note of based onmy max loan calculation

" -The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

" - I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."


2. Can get high loan amount, due to joint income is very strong. and LOW debt

3. any more inquiries, let me know!

Cheers mate!



Dear Lorenzo Von Matterhorn,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Rm
A*BANK 284,661.00
H*NG LE*NG 487,823.50
M*YBANK 310,315.67
*CBC 256,366.00
R*B 399,322.50
U*B 294,444.83
C*MB 399,322.50
AFF*N -
PB* 399,322.50
HSB* 256,366.00
Things to take note of based onmy max loan calculation

" -The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

" - I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

2. The housing loan debt is divided by 3 person, do provide letter offer to show that it's joint by 3 person, bank will divide it accordingly for this debt

3. YOu are still eligible for 90%, as this will be ur second housing loan only

4. above calculation assume your bonus RM4000 is contractual bonus.

5. any inquiries, do let me know!

Cheers mate!




Dear yao_mou_gao_cho,

To get more accurate calculation, do answer below questions

1. what's your gross income and fixed allowance

2. 2 years bonus breakdown is how much each?

3. last month creditcard usage is how much?

CHeers mate!

Dear lightonokira,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Rm
A*BANK 999,043.33
H*NG LE*NG 1,211,802.98
M*YBANK 998,225.00
*CBC 974,415.48
R*B 1,241,612.50
U*B 974,415.48
C*MB 1,239,362.50
AFF*N -
PB* 1,239,362.50
HSB* 974,415.48

2. working at foreign company won't be a ocmpany but better as it's a MNC company, higher scoring.

3. Things to take note of based on my max loan calculation

" -The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

" - I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

Cheers mate



brief answer.

You can buy it if you see the needs

YOu can opt not to buy it if it doesnt meet your need or you are out of budget.

Cheers

Dear raul88,

1. Usually they will put a time period on the rebate, to force buyer to rush to loan approval. some developer allows extension.. etc

loan approval usually takes around 7 days less or more working days to be completed.

2. It's best if you are in touch with the banker, so that you are in the loop and able to know the status.

Cheers

Nah, usually they will submit to their own preferred banker. some they trust, some give them kickbacks.. etc.

but in the end, agent want the approval to be hasten so that they can close the case and receive their payout confirmed!

Cheers

Dear ObeLIsK,

1. If you cash rich and could purchase with own cash, why take their offer and pay interest?

Dear propusers,

1. Share margin is called revolving debt

if u utilized the amount, that amount will be considered as your debt

2. It will appear in ccris

3. 30k of certain %, depends on bank

Cheers

Dear

1. ptptn will cause rejection on loan. however it can be solved.

To settle PTPTN issues, there's 3 ways:

1. If you couldn't afford to pay for the outstanding, as it is too much to bear with, do Visit a PTPTN centre and ask for PTPTN debt restructuring, they will help you restructure your payment for the debt. However, you would need to pay off a certain amount of the outstanding loan, before they allow restructuring to take place. After that, they will provide you a letter of restructuring, 4 pages. Bank will calculate your installment based on the payment stated in the letter.

2. If you could bear with he outstanding amount, do Visit PTPTN centre, and settle the outstanding amount to remove the arrears. After that please do remember to pay your debt promptly!

3. Fully settled your PTPTN. Then the loan will removed from the ccris, After that, they will provide you a letter of settlement.

With above methods, will enable your loan to approved, given that PTPTN is the only obstacles.

Cheers

---------------------------------------------------------


2. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Rm
A*BANK 974,480.04
H*NG LE*NG 1,107,641.95
M*YBANK 846,215.78
*CBC 961,351.32
R*B 1,128,688.78
U*B 785,734.66
C*MB 1,214,442.78
AFF*N -
PB* 1,214,442.78
HSB* 961,351.32
Things to take note of based onmy max loan calculation

" -The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,

I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

" - I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path.






Cheers mate

Base rate + spread rate = Effective lending rate

Base rate will alter according to banks need from time to time, hence it will affect your EFL

Spread rate will be fixed throughout the loan tenure.

Hence, banker like to say lower spread rate will be better:

Example:

A) 4% + 0.5% = 4.5% effective lending rate
B) 4.1% + 0.4%=4.5% effective lending rate

Both ELR is the same, but the spread rate is different.



Hence in common perspective sense, people will chose the lower spread rate as it is fixed throughout loan tenure. Thus will say B is better.

But actual sense, there's no best solutions or answer for this. Because, lower spread rate doesn't secure the bank from increasing the base rate in the future and ELR is higher than A in the future.

It's very subjective:

1. Base rate is different across different banks.

2. When OPR adjusted by BNM, Base rate wouldn’t bulge.

Base rate would either stay neutral or increase, depends on bank owns decision. Base rate could even change without OPR altered.

3. SRR is the reserve requirement that bank needs to uphold, set by BNM. It’s a liquidity management. When BNM believes economy is prospering and lack of funds, it may reduce SRR requirement to keep less money as reserves in bank and have bank lend more fund out for economic activities. This lead to higher loan growth. The changes of Base rate can reflect the effectiveness of Government Monetary Policy.

4. Spread are defined according to the borrower risk profile, but spread rate are mainly fixed when display to public, as most of the borrower holds almost identical risk.

5. Base rate may be adjusted every 3 months, it’s following KLIBOR. Every 3 months we may or may not witness a changes in bank base rate, but it depends on the banks own internal decision. Hence it is subjective. 3 months stated are just an example usage.

Example:
Jan OCBC rate 4.02
April OCBC rate 3.92

6. Spread rate will not change and is fixed till the end of the loan tenure

7. even when base rate is superbly low, the effective lending rate in the end could be higher.

Example:

Maybank: Base rate 3.2% + Spread 1.5% =4.7%
OCBC: Base rate 4.02%+ Spread 0.5%=4.52%

It all boil's down on the spread given, hence do look at the effective lending rate instead!!! Shop around and ask your mortgage agent.

Base rate

Pro
a) Greater competition between banks
b) Higher transparency, as bank will display their profit margin and bank lending efficiency
c) Bank loan rate changes will have a higher correlation with Malaysia market economy and OPR.
d) Better indication in monetary policy changes.

Cons

a)Uncertainty. Rate may change accordingly to banks own internal desire.
b) There’s a bottom line for how low our loan rate can drop.

Example:
BLR 6.85
6.85-2.5%=4.35%
6.85-2.6%=4.25%
And so on
Base rate
3.2%+ 1.35%= 4.55%
3.2%+2%= 5.2%

BLR is negative in nature, it can go as low as the bank allows it to be.

Base rate is positive in nature, it has a benchmark bottom line. 3.2% is the bottom line and won’t go any further down."

For me, if the ELR is the same, spread rate different isn't differ by alot, I will chose according to few criteria as below:

A. Banks that are easily accessible to your vicinity, why take loan offer form bank when you need them, you need to drive 20-40km.

B. Customer services, go with bank that offer tremendous value added service, try calling their hotline whether easily reached and are they responsive and helpful. In long term, this will lessen any unwanted hassle.

C. Semi or Full flexi that suits your criteria. SOmetimes, different banks semi and full flexi mechanism is different

D. Does the loan package has the right features that you need? Finance legal fees, semi/full/fixed/islamic loan ? lock in period or without? defaultment period ? loan account is it link to saving or current account?

E. Does the consultant serves you well?

etc all this that must put into consideration into long term perspectives instead of just interest rate. Effective interest rate right now is quite short term view.

CHEERS

Yes, correct. it's called progressive interest!

Cheers

WEll, it's a must to pay and price to pay to owned a project unit

It really depends on your objectives in invesetment!

Dear llthim,




1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Loan amount
A*BANK 222,148.89
H*NG LE*NG 359,839.88
M*YBANK 73,304.41
*CBC 104,329.38
R*B 307,790.74
U*B 104,329.38
C*MB 250,169.91
AFF*N -
PB* 250,169.91
HSB* 104,329.38
Things to take note of based onmy max loan calculation
" -The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

" - I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

4. Just in case, make sure your PTPTN is paid on time, else I would need your PTPTN to be settled or restructured in order to proceed with loan approval

Cheers
Dear scubamy



1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Bank Loan amount
A*BANK 473,921.11
H*NG LE*NG 630,319.64
M*YBANK 502,151.37
*CBC 408,154.14
R*B 590,709.70
U*B 408,154.14
C*MB 526,347.20
AFF*N -
PB* 526,347.20
HSB* 408,154.14

Things to take note of based on my max loan calculation

" -The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

" - I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

4. However, I need to check on your credit card usage, if the utilization is more than 90% meaning, credit balance/ credit limit =>90%

Your scoring would be low, as bank sees you as a high credit usage and low liquidity in cash flow

Cheers

This post has been edited by Madgeniusfigo: Sep 9 2017, 10:00 AM

Dear hiroshi87,


1. Given your info above




Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK -
H*NG LE*NG 1,264,645.83
M*YBANK 1,275,479.33
*CBC 1,545,762.67
R*B 1,189,521.83
U*B 1,275,479.33
C*MB 1,189,521.83
AFF*N 1,583,162.67


"2. The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

"3. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

4. However, I need DO due diligence before any concrete answer.

5. Your lawyer fees will be around here FOR RM1MIL property

Legal spa


Legal loan



Cheers , any more inquiries, let me know.

This post has been edited by Madgeniusfigo: Sep 10 2017, 08:00 AM

Yes it is


Dear ronron,

1. it is called top up, yes you can. But worthy will depends whether the market value of the property is good for cash out.
If the property market value is higher than the O/S balance , hence,you can top up the property price.

A
o/s Blance Rm250,000

Market value of property A is RM650,000


In contract selling Rm500,000 to you, but borrowing RM650,000 from bank

90% of RM650,000 = RM585,000

RM585,000 - RM250,000 =RM335,000 extra cash out


and u can gauge the loan tenure lessser at 15 years TOO.

HOWEVER, Your DSR income debt comes into calculation, income has to be sufficient to cash out such huge amount, and your ccris payment record comes into scrutiny too.

- *You will still have to bear the cost of legal loan* For top up

2. 1. When you pay extra for monthly installment, which it will reduce your total interest charges.

Example:

2016
Housing loan Rm500,000 / 4.5% interest rate / 35 years loan tenure
Monthly installment is RM2,366 (Rm1,875 Interest + Rm491.28 Principal = Rm2,366)

As you can see, your installment payment are actually paying more towards your interest than your principal.


If you decided to start paying extra RM500 every month. Your Monthly payment will be RM2,866 (RM1,875 Interest +RM991.28 Principal = RM2,866)

You will be paying more towards your Principal with the extra RM500. Hence, if you continue paying extra RM500/month consistently.

Your total interest saved would be RM180,759
Your Loan tenure will be shorten by 136months.

-This will help reduce your interest charges and reduce the loan tenure.


Paying extra to Capital account/advanced account

2. If you have a sudden influx of cash into your pocket, lets say inheritance of RM100,000, and you decided to put it into your housing loan capital account/advanced account, because you have max out ASB and other financial options.

Example:

2016
- Housing loan Rm500,000 / 4.5% interest rate / 35 years loan tenure
Monthly installment is RM2,366 (Rm1,875 Interest + Rm491.28 Principal = Rm2,366)
Total interest charge: RM493,837.28

- If you credit in Rm100,000 into the account, housing loan outstanding would be RM400,000 (RM500,000 -RM100,000), and paying the same installment amount, this will reduce your total interest charge to Rm395,072.

Because the interest you are paying right now is 4.5% on Rm400,000 instead 4.5% on Rm500,000.

Hence, you save interest and reduce the loan tenure likewise.
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MOst importantly, what's your goal? To pay less interest, follow NO.2 , to get more cash out No.1

Cheers