Hi sifu-sifu sekalian,

Planning to get another property latest by Q2 2021, so need to iron out my financial plans.

Current Income:
Pay: 7600 gross
Bonus: 1 month
Increment: avg 5%

Current Commitments:
House Loan 1 (Joint): 450/month
House Loan 2 (Joint): 1957/month
Personal Loan 1: 500/month
Personal Loan 2: 550/month
CC Outstanding: 25k mostly EPP

2021 Plan:
Housing Loan 1 will be fully paid off by Feb 2021.
If the prices are right, will keen to sell off House 2, else will keep it for rental purposes.
Personal Loan 1 will be settled off by Mar 2021.
Aimed to reduce CC Outstanding to <10k by Q1 2021.

Question:
With below scenario, how much maximum loan I can get by Q2 2021?
• Active House Loan 2 + Personal Loan 2 + CC Outstanding 10k?
• Active Personal Loan 2 + Outstanding 10k?

Can't really remember the BR and spread for PBB.

But MBB has been with 1.3 - 1.4% spread since the day I join this industry. So now you know why MBB is the number 1 bank in Malaysia?

1. max loan is around 600k
2. max loan is 750k

Bank needs to see u as a good pay master in order to score higher in their assessment.
So as per advise from others, a credit card is the most simple way to create your profile.

Do not get a car loan before u apply housing loan ya.

Loan amount near 800k, 3.35% for 35 years, good deal?

Hi my SA adviced me to submit loan application to 3 banks and recommended mbb cimb and ambank. Can I actually apply more than 3 to compare the interest rates?

Which bank ?
And u only get offer from one bank ?

Hi everyone,

Loan from MBB for 100k loan with 20 yrs tenure for RM 590++ monthly payment.Is this alright?

Applied from few more banks but havent got any confirmation yet.

Try apply more banks for lower rate, e.g. 3.2%

Can apply more than 3, remove cimb and try pbb & hlb/scb.

CIMB, still waiting for 2 more banks.

CIMB apparently has the fastest approval time, as claimed by the banker.

Ah OK noted thank you.

CIMB rate will be slightly higher compared to the rest

Yes you can. But I don’t remember AmBank and CIMB giving good rates though.

Hi there.

My salary above 5K. What option do I have if I wanna get 100% loan? What if BSN Myhome scheme?

Thank you.

Hi.

I really need advice on what bank to choose for my housing loan. I already got offer from three banks. Only Bank A is flexi. Interest rate, Bank B said they are fixed, others floating. However, Bank B did said they still depends on Bank Negara. Please help me to choose, Sifus. Thanks in advance.

Bank A

- facility amount : RM462,870
- legal fees : RM9,400
- valuation report fees : RM1,300
- MRTT RM13,747
- Locked Period: None
- total financing amount : RM487,317
- tenure : 35 thn
- rate 3.35%
- monthly installment : RM1,972

Bank B

- MRTT: RM23,871.31 (30 years)
- Locked period: None
- Financing: RM482,871
- Tenure: 35 years
- Rate-3.35% (fixed)
- Installment: RM1,954

Bank C

- Loan: 462800
- Mrtt: 12600
- Legal fees: 10739
- Financing: 486139
- Rate: 3.35%
- Tenure: 35 tahun
- Installment: 1967.15

This post has been edited by billsean: Jun 14 2020, 07:25 AM

I would choose B though, imagine if OPR start to rise, for sure bank BR will be adjusted accordingly.

Just my 2 cents, and also the reason im seeing Bank B has lowest installment amount

Check for the historical data with Bank B, if the rates are consistent then probably it’s the best choice

Thank you. I also thinking the same.. But will clarify it with them one last time whether the rate will really be fixed..

Oh.. Yes! I should check for it.. Ok.. Thanks so much

The financing amount are within the same range 480-490k, why the MRTT for bank B is very much higher?

Not sure about that.. I need to ask them..