Dear D902,

1. May I know few details regarding your SCB loan?

- what's the rate? BLR - 2.4%
- How much outstanding loan you still owe SCB? RM300K

2. He is right, 10 years. But 10 years is the debt calculation by the bank whether your loan could pass the minimum Loan threshold according to 10 years calculation. However, your installment payment will based on the max loan tenure 35 years (based on your age)

3. I would need to know further details, so that I could give you better advice. Do provide me below details:

[code]1.Borrower
a.age = 45
b. No. of borrowers = 1
c. no. of housing loan = 1

2. Income (borrower)
a. Gross salary
A: RM 8K
B:
b.Variable income for business (6months latest)
"1.
2.
3.
4.
5.
6."
c. OT
d. Fixed allowance = RM3K
e. Variable Allowance (6months latest)
"1.
2.
3.
4.
5.
6."
f. Bonus contractual (1 year bonus amount)
g. Bonus performance (2 years bonus amount)= RM30K
h. Comission (6 months, each month amount from the earliest)
"1.
2.
3.
4.
5.
6."

3. Supporting income (borrower)
-Tenancy agreement rental (6months)
"1. RM1.1K per month
2.
3.
4.
5.
6."
i. ASB ( 2 years total DIV)
j. Shares dividend
k. Fixed deposit

4. Debt / commitment (borrower) "joint or indiv" = individual
a. Hire purchase loan (Borrowed amount)* = RM330K
b. Housing loan (Borrowed amount) (Joint or indiv) = individual
c. Personal loan (Credit limit) = NIL
d. PTPTN (credit limit) = NIL
e. Credit card (Outstanding/usage) = RM5K
f. ASB loan ( credit limit) = NIL
g. Overdraft ( Credit limit) = NIL

4. Background (borrower)
a. Occupation = IT Professional
b. age = 45
c. currently staying at? Another owned property (Condo)

5. Property
a. purchase price = RM360K
b. subsales or underconstruction = from developer
c. freehold or leasehold = freehold
d. 1 borrower or joint borrower = single borrower
e. Strata title or master title = master