Does Bank still recognize Rental as income in calculating DSR?

Yes providing the rental come with stamping tenancy agreement and rental is show in bank statement every month

To be safe provided latest 6 months rental that tally with bank statement. If just signed i will advice wait 3 months

Hi All.

I got my letter of offer from 2 banks.

Bank R: Housing Loan (RM 544,770) + MLTA (RM 13,985) with 4.40% interest rate.
Bank M: Housing Loan (RM 544,770) + MRTA (RM 27,732) with 4.35% interest rate.
Both are 35 years. Full Flexi.

I have used the loan calculators to check the interest rate payable from both banks in the span of 35 years (Bank R: RM 537,381.40, Bank M : RM 543,214.46).

I am planning to choose Bank R but I would highly appreciate any opinions/views/advises.

Thank you very much.

P/S:
I have done appeal for both banks to get the best interest rates.
MLTA from Bank R is fixed. One time payment of RM 13,985 for 20 years coverage (not yearly). I have double confirmed with banker.

Yes, I understand that. Just that both of you need to clarify that if the house has got fire insurance, we can no need take another extra insurance.

You will be affected in the loan side since you share the commitment in this existing property you refinanced under 3 person name. Banks will perceive you share 1/3 of the commitment.

Please let me know these details to check on your eligibility

Age
Gross pay
Nett pay
Rental
ASB
Bonus 2 years total

Commitment monthly
House
Car
Personal loan
Credit Card (outstanding)
PTPTN

A friend was offered a Ceiling Profit Rate based on 11% per annum for an Islamic loan of RM165k, what does that mean?
Is the rate competitive? This is for a PRIMA house.
TQ.

Same effect. Islamic loans will have a maximum cap.

Same goes for AIA fixed rate loan which is fixed at 4.99% even lower than  10%

No it means that if the house is valued 1.2m he can top until 90% of the 1.2m. It doesn't increase the value to 2.4m

Nope once the interest increases, indirectly you pay a higher installment and your total interest  paid for the whole tenure would have increased e.g at 4.5% your total interest paid for 35 years is 2.4 Mil but if it's increased to 11% then provably the total interest paid could gone up to 5 Mil for example.