QUOTE(takumitan89 @ Mar 4 2019, 05:44 PM)
need some advice, im currently buying a house property worth RM500k. i have some credit card out standing balance but i always paid either minimum payment or full amount on time, i check my ccris my record was ok. but banker still insist wan me to get join name which i cant as if i join my relative i will mostly get 70% loan approval only. so far only CIMB and rhb bank say my record should be no problem, but other bank like not really give me a good secure answer. any advice?
hi, even you pay minimum payment for your credit card, bank will calculate it as your monthly commitment, that is why your banker told you to get joint income to increase your DSR ( Debt Service Ratio. )
QUOTE(Incarnation @ Feb 24 2019, 11:19 PM)
Hi, i would like to ask does high credit card limit would affect housing loan application?
My current total credit card limit was 8x of my salary, but i always settle on time, no late payment.
higher credit limit only will be affected the personal loan or credit card application. it won't be affect your housing loan application.
QUOTE(propusers @ Mar 2 2019, 12:26 PM)
if I have share margin account with 200k limit, but already sold all the shares and clear the margin... the share margin account is 0 debt now...
will the 200k limit (with 0 debt) affect the loan application? if yes, in general, how many % of 200k will be added to my DSR commitment part? 200k x 5% / 12 = 833.33?
share margin won't be take into calculate of your DSR.
QUOTE(blancpain4470 @ Feb 19 2019, 08:19 PM)
Banks are not stupid. This is essentially a current account with overdraft facility and they have to charge you a fee for that flexibility
Alliance bank overdraft facility do not have any monthly fees. only have half yearly current account maintainance fees of RM 20.