Actually legal fees for conventional or islamic loan more or less the same. But legal fees for islamic loan will be slightly higher because of extra 1 set of legal documents.

cheers

You mean the max margin to be loan? The max margin for commercial property is 85% of the value of your commercial property

cheers

Hi dear,

The following details that needed by bank to calculate how much loan you are applicable for

Net income ( after deduct EPF & SOSCO ) :
Bonus ( 2years in average ) :
Commission :
Other income ( Rental/FD/Shares/ ):



Commitment

Credit Cards (state if more than ONE )
i) Outstanding :
ii) Limit :

Housing Loan :
Car loan :
PTPTN :
Personal Loan:


CHEERS

Dear,

1. Yes. for your condition is 90%.

2. Max Margin Financing i) 1st loan > 90% - 100% ( 100% with T&C)
ii) 2nd loan> 90%
iii) 3rd loan > 70%


*NOT APPLY TO COMMERCIAL/OFFICE LOT PROPERTY*

Dear,

Yes. this is the best rate because usually banks offer that rate for >500k loan.

cheers

Hi dear,

Fill in the followings to calculate whether are you applicable to loan up to 100% of your property price 250k (subsale)

Net income ( after deduct EPF & SOSCO ) :
Bonus ( 2years in average ) :
Commission :
Other income ( Rental/FD/Shares/ ):



Commitment

Credit Cards (state if more than ONE )
i) Outstanding :
ii) Limit :

Housing Loan :
Car loan :
PTPTN :
Personal Loan:




HERE ARE THE DETAILS OF BSN MYHOME ( YOUTH HOUSING SCHEME )


BSN MyHome (Youth Housing Scheme)

» This facility is offered for financing the purchase of either completed, under construction or sub-sale properties.
» 50% of stamp duty exemption on the transfer of ownership and facility documents.
» The Government is also to aid monthly instalments of RM200 per month that will be credited to customer’s financing account for a period of 2 years, from the date of first disbursement to the developer / vendor.


Property Price
» Minimum: RM 100,000.00
» Maximum: RM 500,000.00


Margin of Financing
» Property: Up to 100% of the purchase price / market price (whichever is lower).
» MRTA: Up to maximum 5% of the purchase price/ market price (whichever is lower).


Loan Period
» Minimum : 5 years.
» Maximum : 35 years (subject to age limit of not more than 65 years old at the end of the loan period).


Interest Rate
» Pricing range between BR+0.45% up to BR+2.85% subject to customer’s profile and property location.

Criteria
» Malaysian citizen aged 25 to 40 years old (subject to age limit of not more than 65 years old at end of tenure).
» Married with household income no more than RM10,000.00 per month
» First time purchaser
» Individual / Joint Loan
» BSN GIRO / GIRO-i account holder
» Proof of purchase

Hi dear,


In term of spread, i can say the lowest spread is the best option as it is fixed throughout the loan tenure.
Yes, of course i have to see other features offered.


Cheers :-)

Hi dear,

1. In term of rate, both banks offered you a nice rate at 4.4%

2. i) If you consistently have extra cash flow (commision/bonus) to park into your current account it is advisable to go for FULL FLEXI. But there will be fixed charges of RM10/month no matter how many transaction you made.

ii) If you do not want to park your cash into the current account to save up interest it is advisable to go for semi or non flexi. Semi flexi will be a charges FROM RM20+ for every transaction made.

3. If you are planning to cut your loan tenure short, it is advisable to go for MLTA because it has cash value in it to settle your remaining outstanding.


CHEERS :-)

Hi dear,

1. Can you define or elaborate the ADL that you are mentioning?

2. The price of the property is NOT value by the bank. The Price(value) of the property is value by panel valuer of every individual bank.

3. The loan margin is slash according to the VALUE by the valuer panel of banks

eg. i) valuer 1: value property at 400k
ii) valuer 2: value property at 450k

The bank will average the value by this 2 valuer ( 400k+450k=425k )

Therefore the loan margin of 90% is based on the average value of 425k

Loan amount (90% margin) RM425,000*0.9 = 382,500

NOTE: Not all banks will average the value by valuer panel, Some banks will take the lowest or highest. Bank to bank basis.

CHEERS

This post has been edited by MrKK: May 5 2016, 10:46 PM

Hi dear,

Anything i can further assist you?

Cheers

Hi dear,

1. Fire insurance will be renew annually and not lump sum payment.

2. Lump sum payment only apply on MRTA but can be included into your loan. ( depends on banks )

Cheers

This post has been edited by MrKK: May 6 2016, 12:51 AM

Hi dear,

1. Loan Margin that will be slash is depending on applicant's scoring profile.

NOTE: The value of the property will NOT affect the loan margin

eg.
i) Customers with good scoring and purchasing the first house > 90% loan margin
ii) Customers with non-healthy scoring (late payment shown in CCRIS) and purchasing the first house > 70% loan margin

2. Price in S&P is just an agreement between both party ( purchaser & vendor/developer ) that they agree with this price. But Banks need to secure themselves, therefore value of the property will be verified by VALID VALUER PANEL

CHEERS

This post has been edited by MrKK: May 6 2016, 09:29 AM

Well, technically margin of finance wouldn't be affected. However valuation will be affecting the loan amount to be finance to the borrower. Bank will opt for the lowest value but by stating loan margin, it will be misleading as loan margin is to how much can someone borrow the loan. Loan margin that I stated previously in other term is " margin of finance "


CHEEEERS

Hi dear,

1. Majority of these valuers will value the property based on last few transaction/ subsale. Valuer provided by these individual banks might be not up to date.

2. Value of the property could be added if there is any renovation done.

3. If you go for higher value by bank you could loan more

CHEERS

Hi dear,

1. The rate offers by bank now is from 4.4% depends on applicant profile

2.
i) Full flexi will be a fixed charges of RM10/month for any transaction/ no transaction
ii) Semi flexi will be a charges from RM23+ for every transaction

CHEERS

Hi dear,

Yes. Bank to Bank basis.

CHEERS

Hi dear,

How may i further assist you?

Cheers

Hi dear,

It is optional that you wanna go for semi or full flexi loan.

CHEERS

Hi dear,

1. Is not an issue to apply several banks

2. Depends on your death/tpd coverage.

CHEERS

Hi dear,

1. Go to ptptn and tell them you wanna restructure your ptptn loan and get a restructure letter if it to prove to bank

2. After you restructure, your CCRIS will be updated after 1-2weeks

CHEERS