Hi
i have one question on AIA home loan
usually for home loan by bank, we can pay the installment at cash deposit machine or bank account's online services (eg: maybank2u for maybank, cimb click for cimb)
How about AIA home loan? how to pay the installment because AIA is not a bank right? Is it possible to pay online?

You can pay back through banks as well via Maybank / Public Bank

hi its me again

may i query about personal loan as well?

tq

Dear all

I looking to buy 300k of the property, my income and commitment are stated below,

Age 26
Income
Gross salary: RM 3,100
2015 perfomance bonus: RM4,140


Commitment:
hire purchase jointly with sister : RM 350 (40/108)
ptptn: RM200
Credit card commitment EPP: RM 97 (10/24)

additional info:
shares amount :RM 50,000

May i know am i eligible to purchase rm 300k of my first property?

Hi bro, based on my calculation, you may apply for the 300k property loan on selected bank.

If interested I can collect ur case

This post has been edited by lifebalance: Jan 8 2016, 09:49 PM

Dear levey226,

1. Did you receive bonus on 2014?

2. Bank doesn't look at your share amount, there will only look at your shares dividend received as income calculation. Do give me your shares dividend receive

3. My calculation will based on your max hire purchase payment. It will be different, as bank has their own internal formula for it.

4. Based on my calculation, Yes there is way for you to purchase RM300,000 property. You are eligible, however, it will be best to give you assurance after I have check your CCRIS, CTOS and Income documentation first.

5. Mortgage consultant have to know all different banks policy in order to analyse comprehensively and holisticly. The accuracy of this loan analysis calculation is 99%. Hence, you are at good hand.



This post has been edited by Madgeniusfigo: Jan 8 2016, 04:05 PM

If you're looking into refinancing opprtunity to cash out or settle off debts. AIA is providing the loan that is based on 35 years DSR calculations instead of 10 years. Feel free to enquire. Currently also offers zero moving cost and no lock in period.

Hi guys, I need some info on my intention of purchasing my first home. My wife and I decided to get a house at the price of RM 598,000. This is our first house that we intent to purchase, and we decided to put RM 150,000 as the downpayment of that house.

Right now I need to know about the others payment that I need to prepare and as well as the approximately monthly payment that I need to pay.

Fyi, both my wife and mine net salary is RM 6,500 per month. We own a car with monthly repayment of RM 500 and ptptn loan payment RM 340.

Legal fees about 18k
Loan document about 9k

Monthly about rm2120 if interest 4.5%

Loan can pass.

Feel free to let me know once you're ready

Loan 90% w 2% FEC.
amount 324K +legal fee 6.2k+1k valuation fees

Is the legal fee consider normal?
Seem like very expensive...

And if not mistaken loan from Alliance bank

Hi there.

The legal fees is standard

Does the legal fees is fixed amount or based on percentage from the total loan applied?

Based on percentage on the loan applied.

Hi gurus,
I have few concerns before taking decision to refinance my property. Need your advice should I go for higher loan amount even though my eligibility checks said okay but I'm cash tight due to children commitments.

1) Current mortgage interest rate at 5.02% with remaining tenure 25/30 years. With installment amount RM1370, Outstanding 260k capital.

2) Property nearby valued at 650-700k, own stay.

3) Applying new mortgage with attractive rate 4.55% but min. 400k loan amount. Estimating installment amount at RM2240 for 25years tenure.

4) With excess of 140k from refinance loan, shall I take this to replace a new family car? Will I save cost of car loan if I avoid taking hire Purchase of 140k?

5) Current car still having another 53 months of RM855 installments.

6) No other commitments. All credit cards clear on time, no outstanding.

Let me know if need more info to help me decide. Thanks. #refinance #hirePurchase #saveCost

This post has been edited by chanlman: Jan 10 2016, 10:20 PM

Dear,

1. With both net income RM6500, debt car Rm500. to get loan for RM598,000 property wouldn't be a problem. However, I need to look through you CCRIS, CTOS and income documents first.

2. I would advice you to put standard 10% downpayment for the housing property, and put the remaining (RM150,000-RM59,800)=RM90,200 into capital loan account instead of paying off right away. Your RM90,200 in capital account, you can reduce the interest same as you put RM150,000 to pay off your property. Moreover, you will be able to access you RM90,200 during emergency.

3. Loan 90% RM598,000 = RM538,200 /4.5%/35 years. Installment will be around RM2547/MONTH

4. Loan RM448,000 (Pay RM150K off) 4.5%/ 35years. Installment will be around RM2120/MONTH

5. Other charges include, legal loan fees, legal SPA fees, stamp duty loan fees, stamp duty spa fees. Total will be estimation range of RM20-30K.


If you need my service or help, don't be shy to contact me.



This post has been edited by Madgeniusfigo: Jan 11 2016, 12:35 AM

Dear,

1. This is the fees that they allow you to finance into loan, so that you could pay it off monthly.

2. For RM324K, the legal fees will be around RM10-20K

3. Legal fees are based on tier calculation on your loan amount.

Rates ? Those banker please update here

Hi mad genius Figo,
That's good analysis and my thoughts was the same. And if I sold my new car before 9 years, I would use sales proceed to cover remaining loan or get another car. The cycle continues as long as I get a long term loan which give me flexibility.

May I know which bank would provide 4.45% with 400k net loan, no need MRTA. Legal fee cost can be negotiated, right.?

This post has been edited by chanlman: Jan 11 2016, 11:14 AM

Hi,

My gross salary is RM 5000.00

monthly installment for housing loan is RM 800.00

monthly installment for car loan is RM 400.00

No outstanding for CC, Full repayment every month.

If I plan to get second property, how much I could get loan from bank.

Please give your advice.

Thank you.