Yes, subject to minimum MYR 600K

age?
commitments?

Yes it's lifted, however subject to the bank's discretion

1 don't have any loans, the other only have car loan & study loan. Commitment wise is around 3k per month.

1.06m

Thanks!

Even with the current market? By the way, the ages of the borrowers would be 32 & 33. Would the number still apply?

Based on your expertise - which bank and/or what type of loan should we opt for? (Semi-flexi, full flexi etc?)

Hello, my condo under-construction and I am looking for alternative to refinance and cash out for personal purpose

Is this doable and what are the charges I should aware of aside penalty contract from the existing panel bank?

cannot do

Yeap.

Semi flexi if you don't plan to make withdrawal often for your prepayments.

Otherwise full flexi if you want to treat the housing loan like a savings account.

Combine net income 9000,each 4500 salary, another one commitment 3k,dsr burst. Another one can get monthly installment loan amount RM3150 . Need to know how many month bonus per year. Better find agent or banker to help u calculate your DSR .

This post has been edited by Maiiyowei: Jun 11 2020, 04:50 PM

If the person without commitment have net income 4.5k-5k,then can get loan approval for 750k,based on 3.4 interest rate and 35 years loan tenure

You're wrong. That is not the right way to calculate.

I'm the banker / agent btw.

Okay, u are right then 😆😆

Does it mean that possible to get 90% loan now for 3rd property, subject to risk assessment?
May I know which bank already implemented this uplift as my banker said they still maintained it as 70%?

Likelihood banks are still going through the updates give it another week or so

Hi all, would like to get some unbiased advices from sifus here before going to banker. This is our first home buying, 0 experiences in dealing with loan application.

SPA - 722,000
After rebate - 622,508
Completion date - year 2023 Q2

Borrowers background -
- Couple, want to get joint mortgage
- both working overseas, paying income tax overseas (have solid payslip and income tax statement)
- total gross income for both RM21k, direct T/T every month to Mbb from overseas
- with good credit card record, savings around 250k
- the only loan at the moment: PTPTN
- Will have extra income every month (bonus, stock market)

Questions are:
- malaysian working abroad able to get loan?
- Able to get 90% margin?
- Semi or full flexi? Which bank is prefered?
- My preference: to commit more every month by depositing into linked savings/current account to reduce the principal amount (thus the interest), and being able to withdraw out anytime in case of emergency/investment.

Thank you in adv who able to help with my doubts

This post has been edited by cheekiat95: Jun 12 2020, 08:51 AM

I don't know whether this is the correct place to ask a question regarding loan statement. I have a UOB Islamic financing mortgage and I can't quite understand my annual account statement, image in attachment.
My question is,
1. What is principal balance? The number of total principal paid is only 4354.12, there is no way that the outstanding principal is 152k.
2. How can I understand if my prepayment (early payment) has been used to deduct the principal and the interest?

Thank you for all sifu in advance!


Attached thumbnail(s)

Mortgage consultant here

1. Yes
2. Yes
3. Semi if you don't plan to withdraw often on prepayment u made to the loan account
Full flexi if you want to treat your housing loan as saving account without being charged per transaction.
Depends on your preference on the bank. Usually ppl refer to the rates and then the tnc
4. Either semi or full is fine for you then

1. Means the original loan amount that you are still owing to the bank.
You also serve interest thus not 100% of the monthly installment paid goes to your or Inc following the amortization table.
2. Check your online account if you've made prepayment.

If it's semi flexi then you would have manually made the prepayment yourself either by walk in or online transaction.

If it's a full flexi loan then the amount in your current account is your prepayment amount.

Thanks for quick response. But I am still confused, if principal balance means original loan amount that you are still owing to the bank, how come my outstanding selling price is still 1 million?

Thanks again

Yours is an Islamic loan, selling price is based on the maximum 12% ceiling rate calculation. Ignore it unless the interest does goes to 12% then that's the amount you will be paying to the bank.

IMO full flex suits you more if you plan to withdraw/transfer anytime you want since semi flex most probably need withdraw OTC.