a. being a crappy paymaster (you don't pay or pay your installments 'in bulk')

Good evening,

1. Yes, you can apply for mortgages even if you are working, paid, living overseas; as a mortgage broker I've done plenty of such cases.

2. Documents that you need would be similar, as in 3 months payslip, bankstatement, nric, passport, workingpass/PRcard. Not much different to Malaysians working here and applying for a loan.

3. Do you have a credit record of any kind in Malaysia though? It helps having that, otherwise the banks would know nothing about you here

4. Okay so as I read through your posts, yes, you have a property and 2 cc in Malaysia, as long as these are paid promptly, no issues with them

5. If the documents are in a foreign language, you can have them translated by a translation house there and verified by the consulate
Dear insurance agent,

If the documents are not in English, they can be translated and verified by the consulate - and the bank will very likely to accept them. As an ex-banker and mortgage broker, I've done cases for japanese, chinese, arabic, and even deutsche.

Yes you need to get it translated for Indonesian because the bank will keep all these documents for auditing purpose in the future.

As for the interest rate, yes it's still on local rate and loan margin %.

The going rate now is 4.25% and Margin is up to 90%

As for CC, no idea why they reject you, probably couldn't justify your income document when you submit the application to them.

However, getting CC rejected doesn't mean your housing loan application will be rejected. It's a different department all together.

Yes, please get them translated because the banks credit controllers will have their SOP regarding to foreign language other than English. If they break the SOP and during an audit they will be questioned, the numbers may make sense, but the terms may be different.

This goes to all documents including your letter offer (likely to have an english copy), payslips, bank statements...

1. Your risk would be higher than a Malaysian working in Malaysia, although the best rate is currently at 4.25%, there is no guarantee that you will get that - due to the bank looking at both the borrowers' credit profile as well as the loan amount before deciding on the loan interest rates. The margin will likely to be 90%, as that is rarely an issue except for banks like OCBC that may reduce the margins for riskier customers

2. CC is riskier than a mortgage. CC is a clean loan, or unsecured loan. You may apply for a loan here in Malaysia use the money and buzz off to the country you are working without ever coming back. They know you are not based in Malaysia. Plenty of things come into consideration as well, which I may not be the best to explain since I am not in that sector per se.

But like I said, as a mortgage broker, i have done countless foreign-based Malaysian applicants and I have managed to get them approved with the right set of documents and credit records - regardless of their credit card application results.

Most probably the rate will increase soon, but it's not confirm yet, so will wait and see.

Yea heard the FD rate is awesome over there, the mortgage rate will always go hand in hand with the increase in FD rates.

1. you can probably ask the bank to produce the documents in English, some foreign banks that I deal with  entertain that option.

2. You 2013 4.4% loan may have gone down in interest rates, I don't remember what the BLR was back then, but it has been going down since then.

3. The rates? No one knows for sure. The economy is RECOVERING, but it hasn't fully recovered yet. When the economy is hot, the rates will go up to control the inflation. Banks FD source their interest from borrowings, including mortgages, business, personal loans, etc. So when the bank earns a lot, you earn a lot. It is a good time to be in Indonesia now, personal financially speaking, more power to you.