had to submit your loan wisely, and submit to bank that doesn't check your ccris again when disburse your loan. where's your prop location?

how old are you? so i could count your dsr. if below 35 years old and your monthly commitment is 2k like what you stated and your monthly income nett is around 10k then shouldn't be any issue. but need full and accurate details in order to give accurate advice

what is the acceptable DSR by banks? 50%-70%?

This post has been edited by Ekash: Aug 16 2015, 07:53 PM

In this case, you better not join name because the join person salary is a bit too low... this will exceed his/her DSR... assuming half at RM1400 monthly installment.

For your case, the loan application may take slightly longer, and the bank may required more documents to check your savings and etc. Your interest rate may also be slightly higher... as bank is taking risk to offer you loan.

Easier solution, go apply a credit card, use it for 3 months, then you will have some records loo...

Not exceeding 70% for a normal wages worker...

no, non citigold members also qualify
but it depends on your case
please be informed loan value is only up to 80% for citibank

Hi

I need your guys opinion. I in the midst of purchasing my second house which cost 800k ( superlink ). My loan had been approve.Due to current economy situation, should i proceed with this purchase or hold until our economy recover.

- my first house ( apartment ) due to complete feb next year. Monthly payment around 1700

- if i proceed with second house purchase, it will be for my own stay. I will sell/rent first house. First house Located at shah alam near tesco/aeon.

- second house monthly installment is around 4000. My concern is, if i cant gent people to rent/buy the first house. Its under leasehold/bumilot status ( hard to sell i think )

- i dont think i can pay both house ( assuming no ppl want to rent first house )

Should i proceed or hold first.

Maximum 75% depends bank, diff bank diff requirement.

Strange... i was told up to 89%...

Maybe some details not mentioned...

Thanks !

there is a strict instruction not to issue loans for 90%
89% for some properties with special conditions
you can msg me and i would get my gf to contact you
or call citibank directly

Thanks. Too bad, need wait longer for second purchase then. By the time got enough salary, the house price may gone up again...

if You cannot pay both house instalment, I suggest you not to buy the second house. Economy isn't good now... holding power become a main factor

Thanks bro, really appreciated your input. Yes, this is what i think..

wow... you really save alot if you are comfortable with DSR of 70%. Imagine 10k salary. 70% go to house loan, hire purchase and others billing. Only left 3k, petrol, maintenance fee, food, insurance, phone bills and etc... wow... really tight and that is for 10k, small potato like me even worst....

10k net salary would means about 14-15k gross salary, that's pretty impossible for a young potato like me too who is a normal staff that withdrawing fixed monthly salary, unless we can do our own business.. maybe wait for another 5-10years.

Let's wish our salary grow faster than the pace of house price growth. Lol..

Hi, I'm in the midst of purchasing a unit at Tropicana Height Kajang.
Can someone quote me the loan package of the following:

1. Loan Amount: 865k
2. Percentage: 90%
3. Tenure: 35 years

Looking for full flexi.
First time property buyer.

Thanks.

You have to furnish further info ie your existing loan commitments, your age, your net income after the statutory deduction, whether loan is under joint-name.

Combine income with my wife..

combine income with my wife...

But if it is your first house, newly wed couples, it is highly advise that to look into house price which will not put such high 70% DSR onto the combine income of the couples.

Try to make the mortgage 50% or less... when saved up then only consider upgrade or investment.... step by step