Contract basis or permanent staff?

Good offer, from which bank yeah

Let me confirm that for you.

That depends on the bank policy. But bank usually will impose MRTA for better rate(of course to cross sell their products as well)

MLTA is a level term assurance giving you a fixed basic sum assured without cash value/savings components.

That’s really depends. Usually without MRTA will be slightly higher by 0.05% to 0.1%.

Loan eligibility can go up to 500k. May I know if you have other non banking facility such as PTPTN loan and others? Usually clean CCRIS will fail scoring due to unknown pattern of payment behaviour for the banks.

Unless you wish to joint name to load balance the monthly installment. Of course you can always prove your personal net worth to banks to boost the confidence level

My suggestion always go for 90% margin, retain the cash for personal contingency. Besides, bank always have flexi loan so you can utilise It to your utmost benefits

This post has been edited by ngph988: Aug 16 2020, 11:04 PM

You may consider Islamic loan. Conventional loan usually will have 3-5 years lock in period.


As long as your credit outstanding does not exceeds 80% of credit card total limit then you should be fine.

Conventional Loan
1) in terms of semi-flexi or full flexi
2) Always come with lock in period (3-5 years)
3) No ceiling rate (no capping on interests)

Islamic Loan
Conventional Loan
1) No Lock in period in general (some banks do impose lock in period on Islamic Loan)
2) Ceiling rate not more than 13% per annum

For me go for A. Yes, you are paying more installment however you still retain the cash flow. Given the market condition nowadays, cash is king. So always spare more cash to handle any sudden event.

Since both loan amount are same, you may consider should you need more insurance coverage from bank or you can top up the balance from personal insurance.

On top of that, which bank has the best client experience such as online banking, customer service, nearest branches to you and etc.

Assuming for max 35 years repayment, loan eligibility for 90% of 654k should be fine. However, the best practice is always show bank you have 10% deposit in hand.

May I know the age of applicant A and B?

Starts from first disbursement

Yes, max financing tenure is 35 years or up to 70 years old (whichever come first)

HLB usually 80%. The rest of banks giving 90% unless they found out rebate in market.

Direct banker will only know in house policies where as loan broker can always recommend 2-3 banks with highest chances of approval.

Your rental income require to be credited in bank statement for at least 3 months. A lot of banks like MBB, Alliaince start to ignore or slash income recognition towards rental income. So you choose your bank wisely.

Can, however subject to final approval.

Margin be like 50-60%. If you are getting KL area, min purchase is 1 mil and above.

Selangor Zone 1 & 2 area require at least RM 2 mil and above whilst Zone 3 require at least RM 1 mil and above.


May i know your age and monthly commitment from banking facilities and non banking facilities including PTPTN loan?

Are you intend to get financing under single name or joint name?

You mean totally clean from CCRIS ?

Need to check your father’s age and his income portfolio. Bank will take loan tenure base on the higher income earner age. Loan tenure is max 35 years or til age 70, whichever come first

Credit card will wait til next month 15th onlyreflect latest outstanding balance of credit card (given that if you had made any payment before 30th of this month)

May I conduct pre-loan checking with you first?

Age
Single name/Joint name (please indicate the number of borrower)

Commission Earner
- Average 6 months commissions

Self employed
- Year of establishment
- Nature of Business
- Type of company setup (Sole prop, partnerships, Sdn Bhd, LLP)
- Average 6 months credited amount in company bank statement
- 2 years income tax declaration + proof of payment

Monthly commitment
- Housing loan
- Hire Purchase
- Personal Loan
- Credit card
- Other term loans
- PTPTN loan

Supporting document (optional)
- rental income, savings, FD, shares, dividends and etc

Property details
- Undercon/Subssale/Refinance
- Purchase price/Open Market Value
- Type of property (landed/condo/etc)
- Land size
- Built up (Applicable to high rise/Semi D/Bungalow)
- Any renovation and estimated costs

My client got approved by MBB Islamic but only to reveal 10k in his savings account. Once you done snapshot of balance in savings account, my client can transfer money at anytime.

I suggest you conduct pre-loan checking before you start to apply for 3rd property

Age
Single name/Joint name (please indicate the number of borrower)

Commission Earner
- Average 6 months commissions

Self employed
- Year of establishment
- Nature of Business
- Type of company setup (Sole prop, partnerships, Sdn Bhd, LLP)
- Average 6 months credited amount in company bank statement
- 2 years income tax declaration + proof of payment

Monthly commitment
- Housing loan
- Hire Purchase
- Personal Loan
- Credit card
- Other term loans
- PTPTN loan

Supporting document (optional)
- rental income, savings, FD, shares, dividends and etc

Property details
- Undercon/Subssale/Refinance
- Purchase price/Open Market Value
- Type of property (landed/condo/etc)
- Land size
- Built up (Applicable to high rise/Semi D/Bungalow)
- Any renovation and estimated costs

This post has been edited by ngph988: Aug 27 2020, 03:05 PM

Seems standard rate in market..

Could be case to case basis. If I were you, I'll ask my banker to check with back end team whether I can transfer money and take a print screen to banker for execution purposes. Once back end team accepted your balance slip, just transfer money to whenever you want it.

This post has been edited by ngph988: Aug 27 2020, 03:37 PM

Top up loan
- Faster disbursement
- Different rate as some existing loans were offered under BLR and Different spread

Refinance
- enjoy better rate (In total loan amount instead)
- higher moving costs based on total loan amount
- Disbursement may take 3-4 months (if it’s freehold) and 6 months and above (if it’s leasehold) as your new bank will conduct redemption from your encumbered property

This post has been edited by ngph988: Aug 28 2020, 10:20 AM

You will need to bear lawyer fee and stamp duty if refinance your property. Think twice.

Loan margin around 60-70%. Will need your company confirmation letter and background to conduct due diligence.

Do you have any Bank loan or PTPTN loan as of now?

yes, only HOC properties entitled for max 90% margin for 3rd property.

Since you're working in oversseas, need to know the following

- Age
- Current position
- Year of employment
- Nature of business of current company
- Any work permit or confirmation letter?
- Currency of country
- Any loan facilities on hand?
- Panel banks

Approximately 500k with 35 years loan tenure.

If you are a salaried employee, they will required face to face thumb print.

Only disadvantage from my personal point of view is 1% penalty to early settle or refinance to other bank.

Depending on the country you are working at, company background such as nature of business, is it MnC company and etc. And also your employment background as well.

Main point is are you a prompt pay master and able to afford new loan?

Need to understand your personal background and company background.

Mind if you fill to up the following details?

Age
Single name/Joint name (please indicate the number of borrower)

Salaried Employee
- Basic Salary
- Fixed Allowances
- Variable Allowances/Others

Commission Earner
- Average 6 months commissions

Self employed
- Year of establishment
- Nature of Business
- Type of company setup (Sole prop, partnerships, Sdn Bhd, LLP)
- Average 6 months credited amount in company bank statement
- 2 years income tax declaration + proof of payment

Monthly commitment
- Housing loan
- Hire Purchase
- Personal Loan
- Credit card
- Other term loans in current country
- PTPTN loan

Supporting document (optional)
- rental income, savings, FD, shares, dividends and etc

Property details
- Undercon/Subssale/Refinance
- Purchase price/Open Market Value
- Type of property (landed/condo/etc)
- Land size
- Built up (Applicable to high rise/Semi D/Bungalow)
- Any renovation and estimated costs

Company/Employment Details
- Name of company (web page or relevant info)
- Nature of Business
- Year of employment in current company
- Current position in company

I would say the next 2-3 years survival is the key, we wouldn’t know how long the pandemic could lasts.

This post has been edited by ngph988: Sep 21 2020, 09:58 AM

Should be getting below 3%. PBB and HLB offering 2.9%

Always check your pre-loan eligibility and scoring prior to loan submission. May i have your info below for loan assessment?

BOC, UOB, PBB and HLB are offering quite decent rate these days. However, subject to final approval.

You can always opt for personal life insurance to cover your loan outstanding, but usually the purpose of MRTA bundle from bank is to get better rate.

My usual advise to client is to get min MRTA and the rest get covered by your personal life insurance.


Housing loan interests are on daily rests hence bank will calculate the interests upon deduction of extra deposits.

However, it depends on which bank semi flexi or full flexi you taken.

let me conduct a pre-loan checking for both of you.

Age
Single name/Joint name (please indicate the number of borrower)

Salaried Employee
- Basic Salary
- Fixed Allowances
- Variable Allowances/Others
- Bonuses

Commission Earner
- Average 6 months commissions
- Income Tax Declaration for 2 years + Receipt of tax payment

Self employed
- Year of establishment
- Nature of Business
- Type of company setup (Sole prop, partnerships, Sdn Bhd, LLP)
- Average 6 months credited amount in company bank statement
- 2 years income tax declaration + proof of payment

Monthly commitment
- Housing loan
- Hire Purchase
- Personal Loan
- Credit card
- Other term loans
- PTPTN loan

Supporting document (optional)
- rental income, savings, FD, shares, dividends and etc

Property details
- Undercon/Subssale/Refinance
- Purchase price/Open Market Value
- Type of property (landed/condo/etc)
- Land size
- Built up (Applicable to high rise/Semi D/Bungalow)
- Any renovation and estimated costs

This post has been edited by ngph988: Sep 25 2020, 02:38 PM

The effective rate is similar to conventional however Islamic loan generally has no lock in period with impose of ceiling rate

PBB, UOB, HLB, BOC. Rate starts from 2.85%

This post has been edited by ngph988: Sep 28 2020, 10:05 AM

First of all, are you buying the commercial property under personal name or company name?

Max margin is up to 85%, if you are purchasing under company name, you may request additional margin for working capital.

Interest rate under personal name around 3.3-3.4% whilst under company name is BLR - 2.3%

Loan tenure is around 20-25 years max.

Margin wise max 80-85%. Interest as per what I mentioned earlier. Tenure probably can extend to 30 years still 20-25 years in average.

Commercial loan usually will have slightly higher interest than residential loan