Only compulsory insurance is Fire Insurance in the property after handover...

However if you buy a condo, the JMB will also buy insurance and you just need to show a copy of the JMB insurance and your financier will not charge you again for this Fire Insurance.

But check to see cos some loan agent tick MRTA for you but you can see immediately there is additional MRTA Loan which you can decline.

But for own stay, MRTA is recommend.

Dear Sifus,

I am planning to purchase a property under my wife's name(China Nationality) at around RM1million.

I have been checking around with banks and was told that most the bank do not approve house loan for foreigner under the current tighten scenario.

I just want to verify if this is the correct situation or any sharing?

Thanks a lot.

Dear Sifus,

I am planning to purchase a property under my wife's name(China Nationality) at around RM1million.

I have been checking around with banks and was told that most the bank do not approve house loan for foreigner under the current tighten scenario.

I just want to verify if this is the correct situation or any sharing?

Thanks a lot.

Depends location for KL need above 1 million, Selangor mostly need above 2 million and foreigner can approve but loan margin very low maybe 50-60%

Hi,

My wife work for a famous US Pharmaceutical Company in Beijing.

What is available is her pay slip and tax slip obtained in China.

She has never work in MY and NO credit profile for her in the MY.
I believe she might be categorized as foreigner that have nothing to do with MY and buying property for investment.

We have no kid at the present.

So, It is possible for foreigner to get loan but the loan margin is about 50% to 60%.

i would like to check if my rates is ok. tomorrow i'm going to see my banker.

bank: M
property price (under construction) : 300k
financing: 95% include legal fees and mrta

effective rate: 4.6

my friend got 4.55 for 200k property few month back. so i think my rate is not good?

sifus..

taking a 300k loan for 25 years vs 35 years..does it makes a difference in terms of interest paid?

if say i take 35 years but I finish paying the loan in 25 years..it comes down to the same or not?

able to afford higher monthly payment..just want to know got difference or not..thanks

Can anyone tell me, is it possible to get a loan from Malaysia Bank to purchase Princess Cove apartment in Johor Baharu? I am Indonesia Citizen.

i would like to check if my rates is ok. tomorrow i'm going to see my banker.

bank: M
property price (under construction) : 300k
financing: 95% include legal fees and mrta

effective rate: 4.6

my friend got 4.55 for 200k property few month back. so i think my rate is not good?

below 1 mil? foreigner can buy?

below 1 mil? foreigner can buy?

Yes, for princess cove project I heard can buy below 1 mil. but can foreigner apply for apartment loan there ?

Goes for flexi loan, then the extra you pay for you principle account can reduce the interest you owe bank, in long run you can save up quite a lot interest and able do early settlement also