Well,
First of all, different banks will have different policies from income calculation perspective, scorings and other policies.
May I know your financial background before I can conclude your loan eligibility, which bank has the highest chance to approve the loan and whats the best rate from the respective banks.
Age of respective borrower
Single name/Joint name (please indicate the number of borrower)
Salaried Employee
- Basic Salary in local currency
- Fixed Allowances
- Variable Allowances/Others
- Bonuses
Commission Earner
- Average 6 months commissions
- Income Tax Declaration for 2 years + Receipt of tax payment
Monthly commitment
- Housing loan
- Hire Purchase
- Personal Loan
- Credit card
- Other term loans
- PTPTN loan
Supporting document (optional)
- rental income, savings, FD, shares, dividends and etc
Property details
- Undercon/Subssale/Refinance
- Property Address
- Purchase price/Open Market Value
- Type of property (landed/condo/etc)
- Land size
- Built up (Applicable to high rise/Semi D/Bungalow)
- Any renovation and estimated costs
Since one of borrower is working in overseas, may I have the following info?
- Employment period in current overseas company
- Position holding in current company
- Nature of business of the company
- Any employment letter/confirmation letter from current company
- Where's the current location of company
Well, need some info before I can give you a thorough explanation derived from your income perspective. Usually i will calculate the DSR around 60-70% depending on income ranges.
The loan calculator from property website is merely a reference thus it may vary.
Age
Single name/Joint name (please indicate the number of borrower)
Salaried Employee
- Basic Salary
- Fixed Allowances
- Variable Allowances/Others
- Bonuses
Commission Earner
- Average 6 months commissions
- Income Tax Declaration for 2 years + Receipt of tax payment
Self employed
- Year of establishment
- Nature of Business
- Type of company setup (Sole prop, partnerships, Sdn Bhd, LLP)
- Average 6 months credited amount in company bank statement
- 2 years income tax declaration + proof of payment
Monthly commitment
- Housing loan
- Hire Purchase
- Personal Loan
- Credit card
- Other term loans
- PTPTN loan
Supporting document (optional)
- rental income, savings, FD, shares, dividends and etc
Property details
- Undercon/Subssale/Refinance
- Property Address
- Purchase price/Open Market Value
- Type of property (landed/condo/etc)
- Land size
- Built up (Applicable to high rise/Semi D/Bungalow)
- Any renovation and estimated costs
- Both of us are 25y/o, already placed a booking fee for a subsale unit priced at RM490k
- ASB loan, credit card limit RM10k monthly. We always pay on time
Thank you sifus.