Hi guys,

Need help to calculate loan eligibility. Here's the scenario:

Monthly salary rm7,200 + rm600 car allowance(fix)
Current commitment : rm2,200 home loan, rm950 car loan

If want to get another property, what is the max property value that can guarantee loan approval?

credit card with no outstanding also count as commitment? how?

mind to explain more?

I thought only outstanding they calculate by 5% ?

Hi all sifu,

I'm currently 26 and would like to know, whether is it okay for me to buy a house with a asking price around 620K. It is still under developer unit. so, the all the other fees are foc.

Down payment - Rm62K

My details
Gross income :RM3,700 (3 years working)
Fixed commitment: Car Rm660, 9-years tenure. balance around 50K-ish
ASB Rm1200 monthly for 25 years.
Phone bill Rm120
Credit Card Balance: Rm5K

Spouse details
Gross income :Rm5,153.98 (12 months working)
Fixed commitment: none
ASB Rm1200 monthly for 25 years.

Possible for me to make this joint loan? Anybody know whether we will be eligible for this. btw, my spouse is gov staff UD41.

Any advice is much appreciated.

Regards,
Sherxez