Rental 1.7k
Side income not consistent. But will have around total 4k received from few parties.
Nett income from real job around 2.8k (allowance added-payslip)
For rental yea. They will bank in to me everymonth.

This post has been edited by Asmasw2020: Jul 20 2016, 10:34 AM

Monthly payment
Yupe. We signed tenancy aggreement.
Legal income. They will bank in to me.

You should be entitled up to 1.1 mil but need to know what kind of side income is it, I need to know further on the company and role and how long you've been working there.


Need atleast 6 months bank statement to find out your real average.

However, tentatively you're able to loan up to RM1.1 mil until further inspection on ur documents.

Hi, may I ask that normally the full flexi loan, if I want to pay more or deposit all available cash to save interest, I need to go to counter only or it can be done via internet banking or ATM? Thanks.

Full flexi, normally it'll be linked to your loan account with your current account, so you just have to deposit your money into your current account and it will offset by itself.

Some full flexi loan like RHB will be a bit different whereby you need to instruct your money from current account to transfer to the loan account to offset that amount.

Yes, if let's say you are transferring from another bank, can do via online banking to ur current account. Or you can do cash deposit via ATM.

Hi, sorry, my main concern is after transferring from internet banking, my principal loan amount will be lesser and I can save interest right? I saw many cases that people tend to pay more to decrease principal loan amount but eventually bank considered their extra money as advanced money to pay interest only. Thanks.

You have the option to pay it off in advance or just put it inside your current account and have the option to withdraw it back later to use.

That's the advantage of flexi account. So my advise is to put the money in the current account and the bank will calculate based on how much you have in current account minus the loan outstanding equal to the interest chargeable for that period.

Thanks for your prompt reply.

Icic.. okay. I'll enquire more if Im happen to find one soon. Thanks for the reply. 👍

Alright sure

No problem mate

Cheers


Dear

with YOUR income without side income added.

Rm
A*BANK 94,219.20
H*NG LE*NG 305,543.03
M*YBANK 178,748.73
*CBC 94,219.20
R*B 137,793.20
U*B 136,483.97
C*MB 221,013.50
AFF*N 317,678.27




2. For your side income RM4000 added.



Rm
A*BANK 665,069.07
H*NG LE*NG 896,074.87
M*YBANK 665,069.07
*CBC 665,069.07
R*B 862,646.93
U*B 665,069.07
C*MB 896,074.87
AFF*N 873,472.93


2B. For side income to be qualified you need to give me few details below, so that I can assess whether it is eligible for bank calculation inclusion:

a. 6months consistent bank statement crediting the income
b. any voucher or receipt regard to the income you receive from various parties?
c. DO you have SSM registered for this business and how many years?
d. what type of business are you in?

Sofar, I don't see how your income calculation max loan can reac 1.1mil.. that's quite overstated with my calcualtor..

Anyway, If you have anymore questions, do ask. For your side income part, do provide me with enough info, so that I could provide solid suggestions whether it will be calculated.

Cheers



That's great. Tenancy income will be valid


Dear

1. Depends which bank you are currently with, certain bank full flexi is quite cacat.

2. Usually you can do it via atm and online, Over the counter is optional for you. That's the benefits of having full flexi, as you will be paying the facility for Current account, whereby it will provide benefits of credit and withdrawing cash through atm, cheque, online or OTC

Difference between semi and full flexi


Cheers

Dear

1. Usually you just put in current account and it will deduct interest as what flexi account offers, because loan account is link with current account for full flexi.

However do be aware, different bank have different method with full flexi, certain bank needs you to transfer the cash from current account to loan account inorder for you to reduce the iterest charges on your principal. Hence, that's the reason Why I ask which bank you are with now.

Different bank full flexi is different

Cheers

Hi Sifu,

I would be purchasing my first property.

I earn RM 4.3K. Car loan RM900. No other commitment. What would be my eligibility for loan? The property that I'm looking is 300K.

What should I expect to pay and what would be the procedure for EPF withdrawal.

Your eligibility is about 440k so shouldn't be a problem

You need to pay for
10% downpayment
5% on the legal fees. But you'll get 50% off for ur stamp duty so it'll be about 3% on the legal.

For epf withdrawal you can apply for it once you sign for the snp and bring a duplicate copy to the KWSP

But the withdrawal will be somewhere upon disbursement of the money to the seller. Roughly you'll get ur money about 2 months time

Feel free to let me know if you need any further guidance

Dear danshi,

1.

2. RM4300 is Net income or gross income? It makes huge different

3. Any credit cards?

4. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 234,181.20
H*NG LE*NG 418,215.03
M*YBANK 307,794.73
*CBC 234,181.20
R*B 390,971.87
U*B 270,987.97
C*MB 344,601.50
AFF*N 363,908.27


5. The best bank to get the highest loan would be HLBB and RHB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

6. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

7. EPF procedure is simple. You need to fork out all the initial cost first, after you had sign LO, SPA.. etc, you need to provide the document to them and they will disburse the cash to your account in 7days time

8. COSTS

Purchasing subsales property 90% margin of finance,Freehold with title! cost break down:

Initial cost

1. Downpayment 10% RM30, 000
2. VALUATION FEES: RM800-RM1000
3. LEGAL Loan : RM6404.6 (Highest calculation)
4. LEGAL SPA: RM 9420.4 (Highest calculation)

Total: RM46k++ 
---------------------------------------------------------------------------------------------------------------------------------
Cost after ownership


1.Deposits for utilities – TNB, JBA, Indah Water and telephone
2.Assessment (twice a year)
3.Quit rent (annually)
4.The sinking fund
5.Maintenance Fees

CALCULATION ON YOUR MAX LOAN



legal loan fees



Legal SPA fees



Cheers

This post has been edited by Madgeniusfigo: Jul 20 2016, 08:20 PM

How many maximum years housing loan can be? 40 years?

Sifu, need advise
Property price rm745,888
Depo -3% (7% disc bumi)
Booking 10k, balance around 12k in another 21 days
Snp developer bear
I was told mot and legal fees buyer need to bear

Can anyone help me with the figures i need to pay?

Many thnks

35years or 70 yr old whichever comes first

You have to pay for sales and purchase MOT about 16376.64 once the property is complete and to conduct the transfer to individual or strata title

For the loan agreement is about 10k based on 90% loan amount of 745,888

This post has been edited by lifebalance: Jul 21 2016, 07:46 AM

when sign s&p and bank loan with lawyer, izit need pay full 10% deposit first? or deposit ca delay how long? cause heard all process take estimate 3month from after sign

2% or 3% will need to be paid first upon booking then remaining 7 or 8% upon signing of SNP. This happen within 14 to 21 days upon booking ur property to signing of s&p.

Cannot delay unless it's a 100% loan and then have to wait upon disbursement of the loan which is 3 months later to the seller.

Dear youloke,

Mortgage loan tenure is standard throughout all the bank, which are set by Bank Negara Malaysia. It follows the individual age with limit 70 years old max 35 years tenure.

Example:

A
Individual A age 50 wish to borrow loan, his max loan tenure will be 20 (70-50)

B
Individual B age 34
His max loan tenure will be 35 years MAX

C
Individual C age 25
Individual Ca age 50

joint borrower, so what’s their max loan tenure?
This is subjective, so if lets say Individual C has strong income, bank will take his age into account and the max loan tenure would be 35 years
If Individual C has a very weak income profile, individual Ca age will be taken into account, the max loan tenure would be 20 years max

Cheers

Dear awie666,


MOT will cost around: RM14,987.31

Legal fees cost: RM11,814.11


1. MOT will only be payable once transferred of title has been done, so it will take around maybe 1-3years time till you need to pay for that amount

2. Do be aware that, after ownership, you would need to pay below costs too:

-Deposits for utilities – TNB, JBA, Indah Water and telephone
-Assessment (twice a year)
-Quit rent (annually)
-The sinking fund
-Maintenance Fees
-Fire insurance


SPA legal fees


Loan legal fees



Cheers

Dear leodinouknown,

1. First off, you will be paying booking fees 3% to the seller, as the confirmation of purchase booking. Then you will use this booking form to apply for loan

2. Once your loan has been approved, you will sign letter offer then loan agreement and when the SPA has been ready for signing, you will pay the outstanding balance 7%

3. Delay will happen if the seller allows you to delay it due to difficulty in getting loan or any other complication. Only if the seller agrees to it.

Cheers