Agro bank? Sorry, I cannot speak for them as I do not represent them. Best option for you is to give them a call at their customer service center.

For myself, I can server clients all over Malaysia. Not sure about those from other banks though.

Ok thank you and thanks for the help

Hi, Can I joint loan with my wife for a property but I am not a co-owner of the property? Only my wife name will be in the SPA.

My second question is, I am a Singaporean and my wife is a Malaysian. The property name will be under my wife. If I joint loan with her or become her guarantor, is this property considers as foreigner owned property ?

my third question, my wife had secured a loan for a property 1 month ago, can she apply a second loan for a second property? from the same bank or different bank?

If her commitment still within the DSR it shouldn't be a problem, no matter same bank or different bank

Yes for certain bank, and you have to put SPA under your wife name only if property is under 1mil for certain location, some others location 2 mil and above, because foreigner only allow purchase property above 1 mil

Depends on the bank. This is called a third-party charge. If your name is not on the SPA, then no, the property is not considered foreign-owned property. But you are still welcome to joint-loan with her. Only a selected number of banks can do this though, since 3rd party charging depends on the banks' policy.

I understand why you do not want to put your name on the SPA, especially due to the 1mil and 2mil minimum price for foreign house-buyers. So you are left with a 3rd-party innie setup. which not all banks can do. Out of my panel banks, only Maybank, OCBC and Alliance can do this. Hong Leong cannot



Yes, she can apply for a second loan for the second property, and it will still be at 90% margin-of-financing.

This post has been edited by wild_card_my: Jan 24 2015, 10:47 AM

Does AMBANK, Uob, Cimb and rhb offer 3rd party normal loAn?

Ambank yes, RHB and CIMB i dont know since I dont do them

For normal 3rd party loans, you can do it with: Alliance Ambank OCBC MBB and HLB

3rd party outie also possible? which bank can do?

As far as I know, only OCBC and OCBC Al-Amin can do 3rd party outie. Which makes them unique in that sense

yyea very unique, never expect can do so.

scenario:
partner A: have 1 property.
partner B: have 2 property.

Intend to take up another property, i.e. 2nd property for A, and 3rd for B, how much max loan can take up?

70%

You missed out PBB do take 3rd party loan too! . hehe..

Oh, I can only speak for the banks that our firm are panels for: Ambank, Alliance, OCBC, Maybank, Hong Leong

Anyway, PBB allow which levels of 3rd party? You can refer to my illustration here:

I am not very expert in loan though.. Haha. Just bypass this section for a "HI".. ! hehe..

how does the guarantor work?
if A's annual income is 60k currently has a 400k housing loan with bank and would like to take up another 200k for second property, definitely it will not be enough to be approved. does guarantor help in this scenario?

This post has been edited by ic3kacang: Jan 26 2015, 03:51 PM

Most banks are not too keen on doing guarantor ship anymore. The one that I did once a few months ago was for OCBC though, so you could try that with me.

A guarantor for OCBC would need to already have 2 housing loans under his/her name, he must be related to the applicant (AP1), and the income of the AP1 must not be less than 30% of the joint-income for the AP1+guarantor

For all banks, in general: If the guarantor qualifies, his income would supplement AP1's income, but without the burden of:

a. including the guarantor's commitment
b. applying the 70% LTV for the 3rd housing loan if the AP1 still only has 1 or no housing loans at all

I think I explained this way in the first few pages about guarantor ship.

Hi all,

I have a question about home loan to ask. Let's say I currently have 2 properties now, one that doesnt require me to pay any loan, another one is serving a 80% loan from the bank, was wondering could I still be entitled to take a 90% loan from the bank for my 3rd property? Because I remembering some hearsay that I could only loan 70% of my house's value for the 3rd property.

Hope to get some advice from the sifu-sifus around here, thanks!