sorry ya.
how to calculate dsr?

The calculation to calculate your commitment is called DSR(Debt Service Ratio).

First of all u need to know your income:
Income Basic pay : RM2500
Fixed Allowance : RM500
Total : RM3000


Commitment Car : RM400
House : RM600
Credit Card : RM100
Personel Loan/ASB : RM100
New House : RM900
Total : RM2100

SUM: RM2100 / RM3000 = 70% As above illustration the DSR is 70% meaning that u can get the loan. if your DSR is above 70% i.e 70.01% u are mostly unable to get the loan, but certain bank accept dsr till 75%.

Let us know your gross income and your current servicing loan if any, the general rule is maximum allow 70% of your income after minus all your current existing loan or you can use PMT function in excel

Hi,

I couldn't find in this forum if there's a forum / discussion that updates us the latest home loan interest rates for all the banks in Malaysia , be it local bank / international bank.

I can make a call to all the bank but that will be a massive hussle to wait the operator directory.

Can anyone direct me or inform me the latest interest rate for all the banks here?

Not sure if I missed out any banks, as below.

AMBANK
MAYBANK
PUBLIC BANK
CIMB
HONG LEONG
ALLIANCE


HSBC
CITIBANK
OCBC
STANDARD CHARTERED
UOB

Thanks for the information.

Regards
cks1026

I'm sure this has already been asked before...I've asked elsewhere but the answers I've received are mixed...is there any benefit to taking a joint loan vs an individual one?

Individual if document is enough to support the housing / commercial loan.

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%)

But in the future the when in term of counting DSR, even joint name the loan amount will be counted as one which is increase in term of commitment, and the third house loan margin slash from 90% to 70% as you mention

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?

For example A and B bought a condo RM600k, monthly repayment is around RM2.7k

for DSR calculation the for A commitment for this unit is RM2.7k instead of 1.35k, previously can be calculate as 1.35k since its joint name but nowadays most bank count RM2.7k for commitment even for joint name.

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?

Credit card in this figure means monthly credit card expenditure? Or outstanding credit card loan? I.e. does the DSR computation take into account monthly expenditure like rent, groceries etc? Sorry if this question sounds really noob...haha

Yes i just mention it have to be net pay, and for Basic + commission / Basic + allowance wise we need to counted by 6 months average.

DSR can be higher till 150% if net asset haave more than 150% and for business self employee can up to 100%, but still subject to bank

In general, 5% on the credit card outstanding / min. payment is used upon the DSR calc. Other monthly expenditures are usually excluded.

Yes, for both A and B will encounter same situation, that why i suggest if profile able support for one name then better don't consider joint name, some bank guarantor also will counted as commitment in DSR.

Thanks a lot everyone, you've been a great help!

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

2500/3500 = 71.4%.

so unable get loan..no hope..

Basic income 3500 after minus KWSP, SOCSO? income tax deduction?

The home loan 1500?

able to provide others support income?

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