Hi everyone,

I wish to understand better loan processing and approval.

1. I've always heard about 'loan not approved'. In local context, does that mean the bank refuse to give any loans due to poor credit history or it is more commonly used to describe the margin given is not 90%?

2. Given that the profile of the applicant is OK, what will determine the margin? I have heard of in cases where the bank is aware of the rebates and discounts given by the developers, they will slash margin. In that case, will the bank admit margin slashed due to these rebates?

3. Given that the profile of the applicant is OK, what will determine the interest rate?

4. Does the calculation for DSR varied significantly from one bank to another bank? Someone in the previous replies about 5% of outstanding credit cards will be counted as commitment. Only a certain % of rental income will be counted?

Thank you in advance.

Hi

Need opinion.
My loan amount is about 720k, assuming profile is good/acceptable, what will be lowest possible interest and which bank?
Thank you.

Yeah but the monthly instalment is still higher (hence, higher DSR) compared to a situation where the person borrow lesser, e.g. 70%.

Any idea under what circumstances it will be wiser to pay more downpayment and borrow lesser -but maintain the max tenure?