Since the first 1 is sold already

You're entitled to get 90% loan for this property under your name

Feel free to contact me to process the loan

This post has been edited by lifebalance: Feb 29 2016, 09:58 PM

I check my record, looks like i contacted you previously, hahahaahaha

No matter how, i whatsapp you just now again

Hello guys. I've a got a few queries and would really appreciate any help or opinion you guys could offer me.

I'm a Malaysia working in Singapore and currently looking to buy a house in KL an im wondering what is the realistic maximum amount i might be able to loan from the banks, if i am able to get one at all.

A little background of my earnings and commitments.

1. Gross Salary S$4000 before CPF. $3200 after CPF.
2. Non-contractual bonus of about 1 month.
3. Currently paying off a personal loan. Monthly installment of S$900 with 1 more installment to go.
4.Some CC debts at about S$4K. Been paying the minimum for some time now. This has to do with cashflow
5. I probably have 0 credit history in Malaysia since i've never really lived in Malaysia for any extended amount of time.
6. I'm 34.
7. I will have my own house here in Singapore, but it's will completely be paid out of CPF so it doesn't cut into my current net income of S$3200.

Please let me know if you require further information and i really appreciate any feedback.

Many thanks.

Dear,

Oh hey!

Alright. Will assist you from there onwards!

You can loan up to 1.5m based on your info. ( provided you pay off the personal loan off for 1 more month )

Feel free to drop me some info on the property you plan to purchase

This post has been edited by lifebalance: Feb 29 2016, 10:09 PM

Need some help here. I am trying to purchase my first house for my own stay at the moment. I wonder if my DSR is eligible for loan approval.

Property Price: RM565,732
90% loan: RM509,159

Salary: RM3500 (increased to RM4000 as of Jan 2016)
Fixed allowance: RM500
Commission: RM500-1400 (varies)
Bonus: RM3500
Total Gross/Annum: RM60k
Total Nett/Annum: RM50k ---> (based on my latest EA)

Current commitment:
1) Car loan - RM890
2) PTPTN - RM205
3) CC - RM6k outstanding

Any expert care to help me in calculating my chances? Should I go ahead and try or no need to waste my time and booking fee?

This post has been edited by DriksoN: Mar 1 2016, 12:14 AM

Dear teanu,


1 mortgage loan, 2nd mortgage 90%
2 mortgage loan, 3rd mortgage 70%

1. Before that when you have 2 mortgage loan under you and your brother's name, then 3rd mortgage loan by either you or your brother would be 70% only.

2. However, since now 1 property had been sold, hence now CCRIS for your brother and yours will only register 1mortgage loan, hence if you apply for mortgage loan now, you are entitle for 90% margin of finance

HI there

Based on your description. You can entitled up to 600k loan. So the purchase shouldn't be a problem

Feel free to drop me a whatsapp or pm so I may help you to apply for the loan

Sorry bro, I wrote wrongly my basic. Made some amendment to it already. I guess with that, it's quite hard right? However, if you have confident to help me secure it I would be more than willing to inquirer you help.

This post has been edited by DriksoN: Feb 29 2016, 10:17 PM

Kind of borderline, will need you to share with me the past 6 months average commission to ascertain further.

Dear trance00,

1. Based on your income, with exchange 2.5X of your Sing dollar. Rm8k/month your max loan eligibility is RM1,185,000 for HLBB, for other banks do refer to section right bottom yellow highlight.

2. Since you have no debt, there's chances for bank to finance you only 80% margin of finance. However no fear as there's way to get 90%.

3. You would need to provide me with your bank statement to show your strong saving, loan documents of loan you have at singapore and etc.

Many thanks to the both of you for the speedy responses.

I'm budgeting about RM3.5K in monthly installment for a property. Not sure how much of a loan i would need.

@ madgeniusfigo

The fact is i've got no savings. They all went to beer So what would you reckon the my chance would be now? Although i should be able to free up quite a bit of cash (at least S$900) after my final loan installment in the coming month. Not sure if this would help but i actually don't contribute to Malaysia's EPF.

Also, may i please clarify on the provision of loan documents in Singapore? I don't actually have any meaningful loan taken up in Singapore. The most i've ever borrowed was this S$10K loan last year which i repaid over the last 11 months with a final installment to go. Is the repayment advice/statement any good?

Many thanks again. Very much appreciated.

If you're budgeting around 3500 per month maximum, the property price would be around 739k maximum

Supporting documents are important such as savings and etc in Malaysia but not compulsory. It will help you during the loan application phase. But if you show to have good management in your monthly spendings then you'll be alright.

The repayment history would be good since it will show your prompt payment history. Especially you mentioned that you don't hold any repayment record in Malaysia.

This post has been edited by lifebalance: Feb 29 2016, 11:13 PM

Thanks guys! Much appreciated for the prompt response. Now just have to focus on looking for affordable props. :3

Happy hunting.

Feel free to let me know more about your personal financials to determine what price of property you can afford
The information I need are such as your
Gross Salary:
Nett Salary:
Bonuses:
Rental Income:

Commitments
House installments monthly
Cars installments monthly
Personal Loans installments monthly
Credit Card installments monthly
PTPTN loan monthly

You may PM me for privacy.

Many thanks again for the information!

Okay, I will pm/email you my latest 6 months commission asap. Btw, I still have 13 month bonus to include from my above list.

That will be a good add-on.

-Sorry double posted due to lag-

This post has been edited by lifebalance: Mar 1 2016, 12:21 AM

Dear,

1. Yes, but you need to know your max loan eligibility, before you search for property.

2. DO provide me with below details, so that I analyse your max loan eligibility: