my first thought is easier approval as joint income is assessed. However MRTA is higher (2 names), and both names are checked for existing loans (and 3rd housing loan - 70%)

Hmm, what do you mean by the loan amount will be counted as one. Also, is there any way of accurately knowing my loan eligibility? Have a chat with my bank officer?

I would like to add on... the DSR computation shall be based on net pay, i.e. after the statutory deductions for EPF, tax, socso.
DSR can be even higher than 75% but that's for high income or high networth group.

I see, so in future A will find it more difficult to apply for more loans since the bank will calculate his commitment as 2.7k on this condo. What about B though? Is B just like sort of a guarantor since bank doesn't assign him any commitment?

thanks.
basically, income 3500.
car loan rm800.
CC rm200.

2500/3500 = 71.4%.

so unable get loan..no hope..

net is rm3500. will had chances to get 100%?

wow...then what's the point of the joint-loan option for customers? coz if like that no such thing as joint-loan but only individual loan since the way it is assessed is like individual.

I want to ask if for sub contract worker don't have fixed income..no pay slip & kwsp..just got do income tax..can apply loan to buy house?what document to apply?Thank you..

case own 2 residence property with 30yrs loan.

looking for >85% loan for commercial/shoplot.

possible?

if the property more than 10 years but still master title , it is hard to get loan to purchase. And there will be lack of second hand market since hard to get loan to purchase ,unless the buyer purchase with cash

Hi..yes got..need 1yr bank statement oh?is it bank also will see total bank balance to approve loan?
TQ

Thinking of buying a property cost around RM650-700k

Sole proprietor
Monthly income RM6000

Commitment
car loan rm480
ptptn
is it possible to get 90% loan ?

Wish to check, I have two home loan with OCBC, can i refinance the 1st home loan to cover the 2nd one

1. Loan Amount is RM140k, outstanding is RM40k, market value about RM450k.

2. Loan Amount is RM380, outstanding is RM360, market value about RM600k.
Regards.

around RM400

PTPTN is taken into account on bank consideration for loan application?

I cant remember but should be about the same.

1st one still within lock in period so think about refinance the 1st one, try to avoid penalty from the bank if possible.
If refinance should base on new rate right?

Regards,
Slim10

Bukit OUG Condominium... besides public bank, what other banks will finance?

I am in the midst of refinancing my home. When I re-read my existing loan agreement, I notice there is another term under lock in period that reads like this.

"Notwithstanding the above, for properties under construction and if you obtain refinancing from another bank/financier, the lock-in period shall be 5 years whereby for the first 3 years, the reduction in Ibra' shall be 3% of the original financing amount and for the next 2 years, the reduction in Ibra shall be 2% of the original financing amount".

I'm in my fourth year since the money disbursed and I started repaying. I bought the property from subsale, it is already completed when I bought it. If I refinance now, am I subjected to any penalty?

Any sifu please enlighten me...

what is the procedure to do early settlement of housing loan?

pay up all outstanding amount to bank or go thru lawyer and get them to setttle?

Hi All,

Currently looking for loan 560K to buy my first property ...
Below is my question to the loan thingy, currently there is 2 bank which i am looking at CIMB & OCBC :

CIMB - 4.45% normal base rate
OCBC - 4.85% ( fix rate for the next 3 years ) or 4.65 % normal base rate

So my question is .. good to go with fix rate or go with the normal base rate?

Thanks in advance for the answer