Hi guys, just wanna ask about CCRIS, previously I've outstanding of PTPTN, however I've done the reschedule and now showing '0'. I'm monthly furnish the loan now obediently as I might wanna to purchase property soon. Will it affect my loan? My other commitment is all '0' never have outstanding.

Hi, thanks for your help. Pls refer to the below :-

Age 26
Gross pay 8000
Nett pay 6529
Rental income 750
Asb
Bonus 2 years total 17000 (2016)

Commitment
House 822
Car 944
Personal loan
Credit card outstanding no outstanding, but got installment left roughly 1k++
Ptptn 350

The property at roughly RM 660k if I'm going ahead with the purchase

Hi guys,

Just wanna some advise. Currently I'm serving 2 housing loan, one completed another undercon. Planning to get third house loan for investment. Bank calculate my DSR base on both full loan I'm get or based on disbursement (for undercon house) ? And also 3rd house is maximum 70% loan only right?

My Nett salary RM 6.5k, car loan RM 900 house loan RM 800 and another undercon house RM 3k (but serving interest RM 300 only just disburse 10%. Btw I've rental income of RM 800 for the 1st house i rented out.

Is it possible to get another RM 350k worth properties (3rd)??

-I'm 27 this year
-all loan under my name only but SPA 2 person name
-Yes with tenancy agreement and bank statement proves.
-Saving approximate in total RM 25k to date

Thanks for the info. Seems that need to joint loan d lol.

Hi anyone can help me calculate how much loan i can get?

Gross income 8.5k + 3k (source from 2 company)
car loan 944
house loan 842 + 2716 = 3558

Rental income 850

No personal loan no cc outstanding. But CC got installment around 2k left

Planning to buy 3rd condo for investment so i'm aware of the 70% loan

This post has been edited by Rinth: Feb 10 2020, 04:29 PM

I just used my excel loan spreadsheet and calculates the scenario of 4% interest put inside loan account and 4% interest put in other investment. The result are the same...Basically mean the compounded interest actually works both way..






The above picture is comparison putting RM 100k into a RM 1million loan account & other investment with 4% interest over 28 years. The "original" column that i added is the original interest incurred from RM1 million loan if no additional RM 100k was pumped.

From the 1st picture, 205915.11 is the interest you saved, so add your initial RM 100000.00 will be total = RM 305915.11, which is exactly the same as the calculator from the 2nd picture

This post has been edited by Rinth: Nov 11 2022, 02:32 PM

Actually u can get this template from Microsoft Excel...But anyway i attached it for you...the layout slightly different from mine but it should work the same.

Weird upload failed lol

This post has been edited by Rinth: Nov 11 2022, 03:39 PM

double post

This post has been edited by Rinth: Nov 11 2022, 03:36 PM

yea, it doesnt allowed me to upload it.. say Upload failed. You are not permitted to upload a file with that file extension.=.=

Anyway like i said, open new excel, go file, more template, search loan amortization then you should able to find it.

minor adjustment on the end tenure due to fluctuation of interest rates....in fact for your case it isnt run off too far.....early 2021 to sept 2054 which is 34 years 6mths ++, which is approximate 35 years.


normally the loan installment is based on 35 years AFTER construction is completed, whereby the 1st installment start when the loan is fully disbursed.

LOL maths fail....

At current interest rate of around 4%, 30 years loan vs 35 years loan differences in installment is around RM 150-RM 200 only.....assuming your loan amount of RM 500k


This post has been edited by Rinth: Nov 21 2022, 12:54 PM

well you can look at your online banking too....for me my RHB loan it is shown 420 installment all along even i pay progressive interest...untill full disbursement then only start reducing with each monthly installment (principal + interest)

Progressive interest is charged during construction period every month, and you'll need to pay this progressive interest every month too. during this period, no payment toward principle thus your total outstanding WILL NOT reduce.

When your loan fully disbursed, your monthly installment consist of interest & principal. your loan interest is still charged to your loan account monthly, and your monthly installment will partially offset against this monthly interest and partially reduce your total loan.

So direct answer to your question is no, because progressive interest and loan interest actually is same thing, but 1 is charged during construction period, and another is charge after loan fully disbursed.

Hi Sifu, wanna ask if currently CCRIS showing 2 properties loan,

1) Resident housing loan (2 loan joint name) - RM 2200 monthly repayment
2) Commercial shop (4 loan joint name) - RM 2000 monthly repayment

Wanna ask generally how bank calculate the individual commitment?

1) RM 2200 / 2 + RM 2000 / 4 = RM 1600 commitment OR
2) RM 2200 / 2 + RM 2000 / 2 = RM 2100 commitment

so most likely is scenario 1), or take full commitment depends on bank. ok thanks

Yes indeed is correct....anyway the repayment period is just for reference only. if its flexi loan when you dump more principal prepayment, the tenure will be shorten alot....

i did some calculation.....

820k 3.65% 35 years installment RM 3461 total principal + interest RM 1,453,298.24 Assuming RM 20k MRTA

800k 3.80% 35 year installment RM 3447 total principal + interest RM 1,447,615.35 Assuming no MRTA

Which 1 will u guys choose?

so the MRTA not included yet? i'm assuming the RM 20k is MRTA....

if there is such rebates 18k then no brainner should be the 3.8%....because instead of loan at RM 800k it becomes RM 782k, total principal + interest becomes RM 1,381,638.56

BLR increase wont affect both option because both will increase together at same rates...

General Thumb rules is pick the lowest interest, with minimal MRTA possible......unless u planning to pay for the whole 35 years, then go with Full MRTA.

This post has been edited by Rinth: Mar 30 2023, 05:01 PM

I supposed yours is flexi loan right? Then after VP you can dump the 2% back to reduce the principal