Any difference between 1st party loan and 3rd party loan? Any pro and cons?

Hi Sifu2,

Just want to ask about the mortgage loan successful rate:

Current Income (Joint)
Pay : 9,500nett (Joint)
Bonus: 1 month
Increment: IDK maybe next year don’t have
Industry : Hotel

Current Commitments (Just my side, partner no commitment)

Personal Loan 1: 703/month
Personal Loan 2: 550/month
HP Loan: 570/month
CC Outstanding: 16k mostly EPP

What are the chances the loan will approve with how many %? As I know most of the bank actually don’t do for Hotel industry already.

SPA Value: 840k

Terima Kasih

Paiseh. We both work in hotel for junior management level (normal managers) My partner 32 and I’m 28.

Some banker read our company profile say it’s still ok. Both of our hotel owners are quite strong portfolio (during MCO time - I asked)

hi all bankers,

Currently re-structure my loan profile now, just wonder how much can take (i mean new loan)  with the financial profile below.

husband net income : rm8000
husband rental income: rm2500/mth
husband commitment : house rm2663, car rm984
Wife net income : 4600
wife commitment: house 1700

1. how much new loan can take for husband, and joint name? Assuming 30 yrs loan tenure.
2. Have some amount in Amanah Saham (ASM,ASW) funds, did this help increase the eligible loan amount ?

Thanks.

Thanks for replying, yes the ASW/ASM is from own savings.

How about the loan amount for just husband alone? How much can he borrow?

Can try this Calculator to check eligibility report also. I heard you can know eligibility from banks directly. Hope this helps you guys during this situation. Remember we are in this together!

Dear sifus, I am 21, first time homebuyer here. May I know whether it's possible for me to get mortgage loan of RM490k (I have 0 commitment and no credit card) under sole name at this juncture, with net income of RM3k. Currently interesting in a property located in PJ with that price due to its strategic location (very near to my work place). I want to do some research on eligibility of loan before placing the booking fee.

Dear sifus, is it safe to get a mortgage loan from Bank of China?
i know that it still subjected to BNM regs but is it safe? anything that I need to consider or watch out?

Alright thanks for the input sifu. Yea that's why I need to get some inputs regarding the eligibility before proceed to apply loan. It seems like not possible for my case, I guess I shall let go of it at this juncture ba.

Hi all, not sure if this question has been asked before of not, but basically just wonder if I clear all the loan I have on hand (eg. House loan, car loan) is that better for banker to evaluate and maximize my new loan application? 🤔

ahh ok, thx guys.

actually the sum balance not much, and the monthly commitment is around 1k, but thinking if clearing out this the I could maximize more on the new loan application, then also curious like is bank still able to evaluate my loan repayment behavior or something.

Wonder whats the estimate net salary amount (or annual earning amount) to get 800k loan now, assuming my credit profile is all good, no credit card debt, no commitment 🤔

hi i wanna reduce my hongleong bank hosing loan.

can bank reject me with the reason loan not 100% disbursed?

PBB 2.9% (8k insurance premium)
HLB 2.9% (no insurance)

Which one would you guys take?

Hi all,

Wondering how much loan I'm able to get if my net income is 8k and current commitment is 3k. Also have a company making about 100k a month. What percentage of the company income will be considered?

Thanks in advance.

Loan tenure of 35 years

Yes, declared. 100k is calculated from my percentage. Manufacturing health food/supplements

S/B of more than 10 years with 3 shareholders. My share is 30%, average income of 360k for the past 6 months. All Malaysians.

Hi, can someone kindly explain how full flexi mortgage work.

for instance if my loan is 800k with monthly installment of 3.2k, and i've received a 20k bonus on feb 2021 which i dumped into the account.

does it mean that the installment will be lower starting on March?

thanks in advance

oh so meaning installment amount will be the same, only tenure will be shortened?

Hi lyn prop sifus,

May I know what are the chance to secure 750k loan with net income 5.1k, and current commitment 1k.

Thanks in advance.

Thanks!
no additional income    buying a project that is completing soon
yupe, 35 years

Hi sifu

I'm currently applying Affin Bank for low-cost mortgage loan. However, my agent has informed me that Affin Bank requires me to put at least 3k into any account in Affin Bank to enjoy better rates.

I have no records of account in Affin Bank

Are this practices common? what name is this kind of tactic? security loan?

Hi boss

Thanks for the reply, I mean Affin Bank needs me to open an account (savings/current) with my name on it and deposit into that account, before Affin Bank can propose to me a better mortgage loan rate

hello, can seek advice from u guys??? currently i have two loan choices, but dunno go for which one.

Hong Leong Bank
-Total financing 578,652
-MRTT (5 years)
-Tenure 33 years
-Rate 2.63+0.32=2.95%
-Semi Flexi

Public Bank
-Total Financing 588,700
-MRTA (25 years)
-Tenure 35 years
-Rate 2.27+0.63=2.9%
-Full flexi

What do u mean pbb full flexible has interest capping ya?? I'm a first time buyer, so a lot of things still in learning process

Sharing some of the infor for Sub-Sales property with approval below:-

Approved RHB Full Flexi
Loan : Apply with one name only
Loan amount : 620k (90%)
CLTA : 17k (20 years)
Tenure : 35 years
Rate : 3.10% before appeal / 2.95% after appeal

Approved HLB
Loan : Apply with joint name (husband & wife)
Loan amount : 620k (90%)
MRTA : 9.5k (20 years) or 21.5k (30 years)
Tenure : 35 years
Rate : 3.10% before appeal / 2.90% or 2.95% after appeal

What do you think? joint name is a turn off for me (Because some of the income not consider for HLB)..RHB is better deal right? summore with CLTA (Hybrid between MRTA & MRLTA)

Still waiting for PBB approval..

I have a question about having many credit cards vs mortgage loan.

I have multiple credit cards from different banks, at peak i have CC with 5-6 banks

All credit cards outstanding are fully paid off every month, i have that much credit cards for maximizing cashbacks (approx 100 monthly) and rewards points efficiently.

right now i have CC with 4 banks, average credit limit for each bank is 35k, total of approx 140k credit limits for all banks combined.

The question is, having multiple credit cards with different banks, how does it affect when i applying housing loans? Is it a good thing or a bad thing?

As i've noticed, the CC Credit limit all shows up in CCRIS, how does it affect my future loan application?

Will i get better rates if i terminate 1-2 CC with few banks?
or does it actually giving me better rates bcs of having CC with few banks?
apologies for throwing so many questions all at once

Ahh haa.. I actually have the same question in mind that I want to ask, thanks for posting up this question hehee 

Hi, how long normally bank process the loan application? First time buyer

Hi All,

Im planning to buy a house not more than 450k. Want to apply loan (no joint loan). Will be fully settling car loan february next year 2021. I have few questions:

1. Say car loan is settled next feb, how long should i wait for bank to see my updated credit score record, especially my DSR?

2. I want full loan because i dont want to use my cash savings. Is possibilty to get 100% loan high for first time buyer? DSR is about 50%

3. If yes, usually the interest rate is high or low? Possible to get flexi financing?

1. Thanks

2. My first house

3. Thanks

Adsiotional question:

Will bank consider my annual income too? Because my company has been consistent with bonus payment of 3 months.

2. Can elaborate on net disposable income? My net salary is 3.8k (including fixed allowances,excluding bonus). No otger loan, no cc aswell
If 3 years, shud be no problem. Thanks for the info

how markup SPA and loan work nowadays?
as i know bank value always doesnt match to selling price nowadays.
for eg. house selling at 750k, bank value at 680k, in this case how to do markup?

i see, so mark up loan is no longer common nowadays unless seller sell it below bank value

Dear sifus..,

Please help to evaluate below:

Applying for loan amount 650k which is 75% margin.

Nett salary: 3800
Fixed allowance: 130
Bonus this year: 2 months
Variable allowances: 1k to 1.4k
Debts: only ptptn 300 monthly, cards settled on time, had a personal loan done settled early

Possible to get this loan amount?