Hi all,

A question on bank DSR calculation. Let's say my monthly income is RM10k and I'm helping my company swipe for their expenses up to RM20k++ monthly but company will pay me back when I claim end of the month.

Will this affect my DSR in bank's view?

received email from Tokio marine life to conduct a medical check up for MRTA coverage for loan taken from RHB (loan amount 147k).

any idea what would happen to my loan if i dont turn up for the check up at their appointed clinic? will rhb don't disburse my loan?

when signed the offer letter. bank staff didnt mentioned anything.. now wait bank officer to revert in next wks on what the next step..
given until 30 Sept to make appointment for the check up...else treated as not taken up...
letter from insurer didnt mentioned whether need to pay aso?

responded from bank staff that the check up  is free but need to done it before loan disbursed.

First time home buyer

Record too clean, no cc, no car loan, only ptptn loan paid monthly

Gotten 3.9% for property below 420k

MRTA RM9000

Reasonable?

Q1 something not right with the way lawyer work whatever in Offer Letter will incorporate into the Loan Agreement Q2 developer will notify bank however best to also keep an eye on the bank to release promptly....just too painful to gauge which party at fault when late interest being charge

Advance payment can help to reduce interest rate of my loan?

This is due to i have paid excess monthly payment and excess amount reflected at advance payment, but the principal still remain the same

hi all after first bank loan disbursement can we pay off/reduce the principles? or have to wait full disbursements only can settle?

maybank islamic home loan

Got package for mortgage:

Offer 1:
RHB - 90% + MRTA (RM7866) . Total Loan rm384,786
4% for 31 years , monthly rm1807

Offer 2:
PB - 80%, MRTA (RM7100) + CI RM6200(compulsory). Total loan rm352,528
3.85% for 30 years , monthly rm1652

As this is for investment purpose for rental income, should i get offer 1 though is higher rate given? Offer 2 need to fork out at least rm40K plus for downpayment.

new or subsale?
For subsale, SPA require full payment within 3 months. Any delay will be charged with late interest by vendor.
Were you charged late penalty since your loan was disbursed late?

In the agreement that you have signed, it's normally written that bank won't be responsible for any penalty due to late disbursement.

Anyway, the loan disbursement should have happened earlier than the day you received the notice to pay your first installement. Plus, I'm not sure on the allowed duration for new property. It depends on the SPA. Even if got delay, it depends on the developer if they want to enforce the penalty.

mine is 3 months for subsale. Process completed before the 3 months ran out. It's because I signed SPA on the same day as the letter of offer but SPA took a bit longer to be stamped (affect the date of SPA). Hence, there is some additional buffer.

Reference:
https://tyllegal.com/2021/06/05/3-minutes-t...0the%20property.

U normally will get a letter

you may check with your housing loan account.

For PBB u will need to manually add the mortgagee account in your profile before it’s appear