Depends whether you are salary worker or self employed. Usually i will recommend salary worker to take semi flexi whilst self employed to take full flexi, unless client insists.

For 100% loan, bank will look at your DSR around 60% hence recommend you to check loan eligibility prior to loan submission.


Recommend you to conduct pre-loan checking before submit your application. Will require info below to assess your financial health.

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
- Property Address
- Undercon/Subssale/Refinance
- Purchase price/Open Market Value
- Type of property (landed/condo/etc)
- Land size
- Built up
- Any renovation and estimated costs


Seems standard, any other banks approve the loan as well?

Recently just approved a HLB case without MRTA at 3%, loan amount 450k

1. Base on risk grade and scoring system of a bank. Also, if you are taking any products bundle with banks such as credit card/personal loans, MRTA and etc

2. Need to consult lawyer if there purchase can be backdated.

Applicant profile : age, education background, marital status, job position, company background, income range and whatever you can name it from your application form.

if you dont mind to take MRTA, PBB is your choice.

Or else, RHB seems good to me

DSR will capped at 60%, are you buying from rumahwip?

General rules of thumb for 100% loan, 60% DSR. applicable to subsale as well.

Criteria
- Gross income less than RM 5k/individual (applicable to salaried worker/self employed)
- Purchase price max up to RM 500k

Yes, MBB does offer renovation loan, base on 25% of your property value, however the rate is different from housing loan rate. It will be under other term loan financing rate.


do check from your offer letter/call customer service to find out the loan package. If is flexi loan, then you can always deposit to offset the interests, terms and conditions applied.

Saying that your loan is traditional term loan and wish to convert it to flexi loan, yes refinance is the only option.

It involves the following entry costs
- loan legal fee
- valuation fee
- loan stamp duty (0.5% of total financing amount)

Is either bank CCRIS team or BNM yet to update your card cancellation. Perhaps wait for next cycle of update.

You need to check with agent or lawyer whether they can back date the offer/transaction.

As long as your CCRIS only showing 1 housing loan, your next purchase will entitle max margin of 90%.

Max eligibility around 450k, given rate at 2.9% with max tenure of 35 years.

If you have bonuses, we may derive it for additional income.

around 820k

Net income calculation (with car loan) : 470k
Net income calculation (without car loan) : 820k

Net income calculation (with car loan) : 350k
Net income calculation (without car loan) : 670k

All calculated base on 35 years repayment at EIR of 2.9%

Base on individual income, unless stated so.


Most likely semi flexi, unless offer letter stated you will be granted with cheque book, then it will be full flexi loan.

Congratulations, hope the hard works pay off.

I don't have their specific product name

Saying property is free from encumbrance, calculation towards cash out portion is base on 10 years DSR. Are you currently working in overseas?

Check with agent or buyer on loan status.

Yupe, best rate in town.

well it depends, aside from rate. Which bank do you prefer in terms of services (friendly user of online banking, access to nearest branch, overall terms & conditions from offer letter)

You may try PBB, they got better tier rate (2.85%) for first 2 years. Subsequent rate around 2.90%

This post has been edited by ngph988: Nov 20 2020, 07:11 AM

Best rate in town 3.1%, up to 25 years repayment.

Loan tenure subject to the most income earner age, 25 years repayment or 70 years old whichever come first.

Not every bank recognize the overseas currency, for instance PBB only recognize SGD and Brunei Dollar

Hence, will require to understand your company background, your job position and etc to calculate your loan eligibility

Yes, you may. However, project cases usually they have panel banker from specific branch to serve the prospects

No problem, if you have any questions can always buzz us.

It really depends on which borrower has highest earning power, then it will extend loan tenure up to 25 years or 70 years old whichever come first. If I'm not mistaken CXMB should be offering 30 years tenure for commercial property under individual entity.

IHC basically an empty shell to hold the property. Well, bank usually derive income from

Salaried Employee
- Pay slip, bank statement and EPF
or
- Income tax declaration for past 2 years

Self Employed
- Latest 2 years audited report (if you are using mother company as corporate guarantor)
- Latest 6 months bank statement
- Income tax declaration for past 2 years

Depends on what type of property you are purchasing. For residential property, margin is 60% as per BNM guideline under company entity.

Then will need to check your credited salary is in what currency. If is MYR then much easier to handle. May i conduct pre-loan checking with you first?

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

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

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 (Refinance)
- Property Address
- Purchase price/Open Market Value
- Type of property (landed/condo/etc)
- Land size
- Built up
- Any renovation and estimated costs

Seems fair price from quotation since quoted with stamp duty fee together.


Well, you will need to indicate from booking form that 10% deposit will be refund upon acquisition of 100% loan.

well SMEs are using EBITDA as major calculation to derive your income, will need to check your past 2 years audited reports, latest 6 months bank statement from your mother company to determine loan eligibility.

Then will use personal income to derive, either by salary or personal income tax. Borrower with less than 20% shares can request waiver to be guarantor.

Max tenure up to 20-25 years, so will focus individual DSR to fit the loan eligibility

Which bank was it?