Dear Life balance,
As always, all the analysis is based on estimation. There's always a given range to how much can be receive and every bank has its own policy and guideline in calculating the max loan analysis.
1. As always, I would give an estimation but ending success must based on the actual document of his CCRIS, CTOS and his income documentation.
2. So you are saying, what you posted here estimation of loan range for the netizen is on top notch accurate? I won't ever give my assurance until I look at their document. Hope you won't it will be a blatant mistake.
3. I would apologize if I ever give assurance in the estimation and they came back biting me on the it. But anyhow, I had never give any assurance in it till the documents has been thoroughly examined by me.
4. Furthermore, this is just an initial analysis, there's definitely a gap of difference from actual one, and given that his information is still vague, I would need few more details from him to tabulate an actual analysis. Until I had the right details, will I tabulate the DSR on top of his mortgage loan financing.
5. You are trying to make a point out of nothing, the fact is, I still haven't include his age factor into it as I have written, as per vague information given. I don't need to alter anything as the table tabulated is not based on his age factor yet.
6. You are telling me, without his actual information given accurately, you can estimate his range of max loan eligibility? Seriously ?
There's still unknown factors in
CODE
a. Allowance
b. OT
c. Performance Bonus for 2 years, 2014 and 2015
d. Contractual Bonus 2015
e. what's the initial borrowing from bank for the shop lot loan?
f. no credit card or personal loan debt?
7. So, this given me an impression that you analyse based on vague information and not his actual details. When you didn't even ask him on the essential question
8. So based on this, you know his actual figure on his bonus and allowance?
CODE
Income:
(i) Gross Monthly Salary: RM5100 (Annual RM61,620)
(ii) Gross Annual Incentive + Bonus + Allowances (EA 2015): RM68,500
(iii) Annual Cash Dividend 2015, 2014: RM24,000
What's his other debts?
As far as I know, you didn't even question and you gave him a range of max loan eligibility already.
9. So, as per what you have written in reply to him/her, Your estimation is of accurate? You didn't even factor in his other debts and with his vague income information.
CODE
a) it's based on your average income from your derived income tax.
Based on what I calculated. Your nett pay is around 4613 per month
Asb is RM160 monthly
b)
Case 1: If fully settled the shoplot loan - RM770k loan amount max
Case 2: If don’t settle the shoplot loan - RM650k loan amount max
c) RM470k max loan
10. All I can say is, my terrible mistake in not removing the default loan tenure year in my table
(Which is obsolete as the age factor haven't even add into the analysis calculation) My bad for not explaining well on my table functionality, I will do better next time Mr life balance.
--------------------------------------------------------------------------------------------------------------------------
Dear,
1. This is important, I wouldn't want my articles written with effort and hardwork and then being posted by random others without my consent or cite, and took my hardwork for granted and make it his/her.
It's an intellectual knowledge.
Hope you take this matter seriously, and not taking it lightly from how you reply.
2. Don't take this the hard way. I'm just advising and protecting others intellectual property.
3. Hope next time, you can improvised and add on value to this content and articles of others and make it more interesting and informative. Just remember to cite the AUTHOR.
I shall not continue further since nit picking isn't my cup of tea.
Mar 2 2016, 09:33 PM
Quote
I shall not continue further since nit picking isn't my cup of tea.
0.0442sec
0.50
7 queries
GZIP Disabled