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> Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)

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Madgeniusfigo
post Dec 7 2016, 04:27 PM

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From: Kuala Lumpur



QUOTE(cybermaster98 @ Dec 7 2016, 03:17 PM)
What about other banks besides PBB, Maybank and Stan Chart? Will they be able to match or better this rate?

No lock in period if possible
*
Dear

1. No lock in period, islamic loan, but 4.25% have to try best 4.3%. Subjective though, as your profile matters alot on the rate difference

2. Other bank, possible as stated, given that the location , profile is their preferred target segment.

Cheers


QUOTE(mosh @ Dec 7 2016, 03:52 PM)
my loan with cimb is approved but i have not signed the offer letter yet.
int is 4.55%. errrrrkk...  shocking.gif
*
Dear

1. What's the loan amount?


mosh
post Dec 7 2016, 08:55 PM

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QUOTE(lifebalance @ Dec 7 2016, 03:57 PM)
Dont think so
What's your point?
*
sorry taiko. newbies in buying house. not sure if that is the norm rate. sorry bout the hanging sentence
i was assuming current is 4.4% to 4.50% but never think that i will be pass that .5+ mark
sorry eh again eh. dun ban me eh. notworthy.gif
mosh
post Dec 7 2016, 08:58 PM

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QUOTE(Madgeniusfigo @ Dec 7 2016, 04:27 PM)


1. What's the loan amount?
*
house is RM395K. loan 90% shud be 355.5k kan ? smile.gif
lifebalance
post Dec 7 2016, 08:59 PM

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QUOTE(mosh @ Dec 7 2016, 08:55 PM)
sorry taiko. newbies in buying house. not sure if that is the norm rate. sorry bout the hanging sentence
i was assuming current is 4.4% to 4.50% but never think that i will be pass that .5+ mark
sorry eh again eh. dun ban me eh.  notworthy.gif
*
Hmm loan at 355k 4.4 should be around there

4.55 is like ur scoring really bad
patrickthissen
post Dec 8 2016, 01:45 PM

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Hello all,


I plan to purchase a condo which is just under construction.
Based on developer, the condo will be completed in 3 years time from now, monthly installment start pay once OC obtained.
Mean time, I just need to pay interest before condo is completed.

So, am I eligible for 90% loan for amount 355k?

1. Here's my detail

» Click to show Spoiler - click again to hide... «
lifebalance
post Dec 8 2016, 02:09 PM

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QUOTE(patrickthissen @ Dec 8 2016, 01:45 PM)
Hello all,
I plan to purchase a condo which is just under construction.
Based on developer, the condo will be completed in 3 years time from now, monthly installment start pay once OC obtained.
Mean time, I just need to pay interest before condo is completed.

So, am I eligible for 90% loan for amount 355k?

1. Here's my detail

Property price: RM 395k
Amount to borrow: RM 355k (Rebate 10% aka down payment bear by developer)
Loan duration: If possible 35 years
Age: 27
Monthly gross salary: RM 4,197
Hire purchase loan: RM 622
Credit card outstanding: No payment delay -  monthly around RM 600 for insurance + petrol (Credit limit RM 16k combined for 2 cards)
PTPTN: Monthly RM 200
CCRIS report: Got it during September and it shows good (zero)

Any more info should I provide?
2. If I am not eligible, is it I can combine with my gf?
Will it be a risk for unmarried couple to apply house loan??
*
Based on your profile that you've given

You'll be able to loan up to 580k with your profile.

For your case don't have take the loan with your girlfriend

Some of the compilation of taking loan with someone who is not tied to you is that there is no strong relationship so if you break up, chances are you will have to divide the property if the SNP is under both names and the loan will need to refinance.

However since this is undercon if there is a breakup while the property is serving interest, you can't refinance it until it's completed.



leonlim619
post Dec 8 2016, 03:24 PM

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hi all.. first home buyer here. just recently book a unit under rumawip. according to developer i only can choose rhb, uob and maybank for housing loan. haven't get any call from banks yet. any advice from which bank should i take?
lifebalance
post Dec 8 2016, 03:27 PM

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QUOTE(leonlim619 @ Dec 8 2016, 03:24 PM)
hi all.. first home buyer here. just recently book a unit under rumawip. according to developer i only can choose rhb, uob and maybank for housing loan. haven't get any call from banks yet. any advice from which bank should i take?
*
You'll have to first find out whether you're eligible to take up the loan or not before you buy the property

You can let me know the following info to check on your loan eligibility

Age
Gross pay
Nett pay
Rental income
Asb
Bonus 2 years total

Commitment
House
Car
Personal loan
Credit card outstanding
Ptptn

As for the banks, you can apply multiple banks to increase your chance to secure the better interest rate.
chiahau
post Dec 8 2016, 03:36 PM

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QUOTE(lifebalance @ Dec 8 2016, 03:27 PM)
You'll have to first find out whether you're eligible to take up the loan  or not before you buy the property

You can let me know the following info to check on your loan eligibility

Age
Gross pay
Nett pay
Rental income
Asb
Bonus 2 years total

Commitment
House
Car
Personal loan
Credit card outstanding
Ptptn

As for the banks, you can apply multiple banks to increase your chance to secure the better interest rate.
*
Can do rough estimation for me? Can I PM you since some info are sensitive? smile.gif
leonlim619
post Dec 8 2016, 03:40 PM

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QUOTE(lifebalance @ Dec 8 2016, 04:27 PM)
You'll have to first find out whether you're eligible to take up the loan  or not before you buy the property

You can let me know the following info to check on your loan eligibility

Age
Gross pay
Nett pay
Rental income
Asb
Bonus 2 years total

Commitment
House
Car
Personal loan
Credit card outstanding
Ptptn

As for the banks, you can apply multiple banks to increase your chance to secure the better interest rate.
*
Age: 28
Gross pay: 3125/month
Nett pay: 3325/month
Rental income: (sorry what is rental income?)
Asb: none
Bonus 2 years total:

Commitment
House: Rent RM620
Car: none
Personal loan: none
Credit card outstanding: no outstanding
Ptptn: none
lifebalance
post Dec 8 2016, 03:49 PM

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QUOTE(chiahau @ Dec 8 2016, 03:36 PM)
Can do rough estimation for me? Can I PM you since some info are sensitive? smile.gif
*
Sure you can

QUOTE(leonlim619 @ Dec 8 2016, 03:40 PM)
Age: 28
Gross pay: 3125/month
Nett pay: 3325/month
Rental income: (sorry what is rental income?)
Asb: none
Bonus 2 years total:

Commitment
House: Rent RM620
Car: none
Personal loan: none
Credit card outstanding: no outstanding
Ptptn: none
*
Huh? Your Nett pay is higher than your gross pay? You're not paying Epf or tax?

Please double confirm

This post has been edited by lifebalance: Dec 8 2016, 03:50 PM
chiahau
post Dec 8 2016, 03:55 PM

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Joined: Aug 2009
From: Malaysia


QUOTE(lifebalance @ Dec 8 2016, 03:49 PM)
Sure you can
Huh? Your Nett pay is higher than your gross pay? You're not paying Epf or tax?

Please double confirm
*
Thanks mate. Dropped you a PM already icon_idea.gif
Madgeniusfigo
post Dec 8 2016, 04:14 PM

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From: Kuala Lumpur



QUOTE(mosh @ Dec 7 2016, 09:58 PM)
house is RM395K. loan 90% shud be 355.5k kan ?  smile.gif
*
Dear

1. the rate would be around there, best 4.4%

Cheers

QUOTE(patrickthissen @ Dec 8 2016, 02:45 PM)
Hello all,
I plan to purchase a condo which is just under construction.
Based on developer, the condo will be completed in 3 years time from now, monthly installment start pay once OC obtained.
Mean time, I just need to pay interest before condo is completed.

So, am I eligible for 90% loan for amount 355k?

1. Here's my detail

Property price: RM 395k
Amount to borrow: RM 355k (Rebate 10% aka down payment bear by developer)
Loan duration: If possible 35 years
Age: 27
Monthly gross salary: RM 4,197
Hire purchase loan: RM 622
Credit card outstanding: No payment delay -  monthly around RM 600 for insurance + petrol (Credit limit RM 16k combined for 2 cards)
PTPTN: Monthly RM 200
CCRIS report: Got it during September and it shows good (zero)

Any more info should I provide?
2. If I am not eligible, is it I can combine with my gf?
Will it be a risk for unmarried couple to apply house loan??
*
Dear patrickthissen,

1. the info is good enough before any actual ccris and ctos checking

2. yes you can combine with your gf income if your DSR burst

well, in actual fact, bf and gf joint name purchase very hard. But there's way around it =)

3. SPA:

loan:

Do let me know whether spa will be both name or one name and loan.


------------------------------------------------------------------------------------------------------------------------------

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm NDI
A*BANK 303,207.78 $3,002.14
H*NG LE*NG 434,072.63 $2,710.36
M*YBANK 370,235.25 $3,460.80
*CBC 265,622.28 $2,806.61
R*B 400,493.65 $2,902.47
U*B 302,584.85 $2,887.97
C*MB 397,593.65 $2,887.97
AFF*N - $-
PB* 397,593.65 $2,887.97
HSB* 265,622.28 $2,887.97

2. The best bank to get the highest loan would be HLBB . 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."

3. 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."


user posted image


QUOTE(leonlim619 @ Dec 8 2016, 04:24 PM)
hi all.. first home buyer here. just recently book a unit under rumawip. according to developer i only can choose rhb, uob and maybank for housing loan. haven't get any call from banks yet. any advice from which bank should i take?
*
QUOTE(leonlim619 @ Dec 8 2016, 04:40 PM)
Age: 28
Gross pay: 3125/month
Nett pay: 3325/month
Rental income: (sorry what is rental income?)
Asb: none
Bonus 2 years total:

Commitment
House: Rent RM620
Car: none
Personal loan: none
Credit card outstanding: no outstanding
Ptptn: none
*
Dear leonlim619,

1. YES, usually DEVELOPER have their own panel bank, hence need to use the bank that are recommended.

2. It depends on your profile whetehr which bank can approved your case, your objective, your needed packages structure. Only opt for the right bank



-------------------------------------------------------------------------------------------------------------------------

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm NDI
A*BANK 304,177.50 $2,765.25
H*NG LE*NG 329,937.50 $2,749.48
M*YBANK 284,572.92 $3,125.00
*CBC 341,487.50 $2,845.73
R*B 412,421.88 $2,749.48
U*B 341,487.50 $2,749.48
C*MB 357,432.29 $2,749.48
AFF*N - $-
PB* 357,432.29 $2,749.48
HSB* 341,487.50 $2,749.48



user posted image

Cheers
QUOTE(chiahau @ Dec 8 2016, 04:36 PM)
Can do rough estimation for me? Can I PM you since some info are sensitive? smile.gif
*
QUOTE(chiahau @ Dec 8 2016, 04:55 PM)
Thanks mate. Dropped you a PM already  icon_idea.gif
*
Sure, will do my best to help.

leonlim619
post Dec 8 2016, 04:18 PM

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Joined: Oct 2010
QUOTE(lifebalance @ Dec 8 2016, 04:49 PM)
Sure you can
Huh? Your Nett pay is higher than your gross pay? You're not paying Epf or tax?

Please double confirm
*
sorry.. my mistake

Age: 28
Gross pay: 3325/month
Nett pay: 3012.17/month
Rental income: (sorry what is rental income?)
Asb: none
Bonus 2 years total:

Commitment
House: Rent RM620
Car: none
Personal loan: none
Credit card outstanding: no outstanding
Ptptn: none
lifebalance
post Dec 8 2016, 04:24 PM

Licensed Financial Planner & Financial Adviser's Rep.
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QUOTE(leonlim619 @ Dec 8 2016, 04:18 PM)
sorry.. my mistake

Age: 28
Gross pay: 3325/month
Nett pay: 3012.17/month
Rental income: (sorry what is rental income?)
Asb: none
Bonus 2 years total:

Commitment
House: Rent RM620
Car: none
Personal loan: none
Credit card outstanding: no outstanding
Ptptn: none
*
For your case, you can loan maximum up to 380k maximum. So purchase price around 400k - 410k is okay.

Interest rate about 4.3 - 4.4% for this loan amount.

35 years loan for 380k loan amount is about RM1,774 per month

This post has been edited by lifebalance: Dec 8 2016, 04:41 PM
Madgeniusfigo
post Dec 8 2016, 04:31 PM

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1,451 posts

Joined: Oct 2014
From: Kuala Lumpur



QUOTE(leonlim619 @ Dec 8 2016, 05:18 PM)
sorry.. my mistake

Age: 28
Gross pay: 3325/month
Nett pay: 3012.17/month
Rental income: (sorry what is rental income?)
Asb: none
Bonus 2 years total:

Commitment
House: Rent RM620
Car: none
Personal loan: none
Credit card outstanding: no outstanding
Ptptn: none
*
Dear leonlim619,

1. btw, house rent is not a commitment to bank, as it doesn't show in the ccris.

2. rental income is income from renting out your property to other people staying in your property.

3. May I know what's your profession?

Rm
A*BANK 323,647.50
H*NG LE*NG 349,802.30
M*YBANK 301,126.92
*CBC 361,352.30
R*B 437,252.88
U*B 391,464.99
C*MB 378,952.49
AFF*N -
PB* 378,952.49
HSB* 361,352.30

user posted image
leonlim619
post Dec 8 2016, 05:00 PM

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Joined: Oct 2010
QUOTE(lifebalance @ Dec 8 2016, 05:24 PM)
For your case, you can loan maximum up to 380k maximum. So purchase price around 400k - 410k is okay.

Interest rate about 4.3 - 4.4% for this loan amount.

35 years loan for 380k loan amount is about RM1,774 per month
*
i'm taking 300k house. paid 5k for deposit. still need to withdraw 25k from kwsp for down payment. but unfortunately i only have roughly 22k in account 2 to withdraw. just wonder if i can apply loan 273k? or i can only apply 90% from 300k?
leonlim619
post Dec 8 2016, 05:01 PM

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Joined: Oct 2010
QUOTE(Madgeniusfigo @ Dec 8 2016, 05:31 PM)
Dear leonlim619,

1. btw, house rent is not a commitment to bank, as it doesn't show in the ccris.

2. rental income is income from renting out your property to other people staying in your property.

3. May I know what's your profession?

Rm
A*BANK  323,647.50
H*NG LE*NG  349,802.30
M*YBANK  301,126.92
*CBC  361,352.30
R*B  437,252.88
U*B  391,464.99
C*MB  378,952.49
AFF*N  - 
PB*  378,952.49
HSB*  361,352.30

user posted image
*
thanks for your info. i'm currently work as customer service.
lifebalance
post Dec 8 2016, 05:04 PM

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QUOTE(leonlim619 @ Dec 8 2016, 05:00 PM)
i'm taking 300k house. paid 5k for deposit. still need to withdraw 25k from kwsp for down payment. but unfortunately i only have roughly 22k in account 2 to withdraw. just wonder if i can apply loan 273k? or i can only apply 90% from 300k?
*
KWSP will only allow to withdraw upon signing your SPA and Loan Agreement, which means you'll have to prepare the 10% upfront first.

You can apply only 90% of 300k which is 270k.

Is this property a project or subsales ?

Have u consider the SPA and Loan agreement fees ?
patrickthissen
post Dec 8 2016, 05:04 PM

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QUOTE(lifebalance @ Dec 8 2016, 02:09 PM)
Based on your profile that you've given

You'll be able to loan up to 580k with your profile.

For your case don't have take the loan with your girlfriend

Some of the compilation of taking loan with someone who is not tied to you is that there is no strong relationship so if you break up, chances are you will have to divide the property if the SNP is under both names and the loan will need to refinance.

However since this is undercon if there is a breakup while the property is serving interest, you can't refinance it until it's completed.
*
Thanks for the fast feedback. (Keep hearing hardly to get 90% loan)

Let's say my gf also want to contribute monthly installment, so the house name will be under she and I, but loan is under me 1 person.
Is that possible??

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