Assuming both below 35

35 years loan you can take up to 1.3 mil loan so it's still okay if you want to buy 850k property

Interest rate around 4.3 to 4.4%

Dear calvin_kenni,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow: 
  Rm
A*BANK  1,115,870.00
H*NG LE*NG  1,304,687.67
M*YBANK  1,211,917.00
*CBC  1,385,048.00
R*B  1,227,941.33
U*B  1,211,917.00
C*MB  1,304,687.67
AFF*N  - 
PB*  1,304,687.67
HSB*  1,385,048.00

2. You have at least credit card in your ccris, hence it would be good for your loan application

3. The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

4. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

5. Hence your objective of RM850K++ won't be a problem!

6. the installment for this property will be around RM4000 range, hence it will eat out a huge chunk of your cash flow. If for homestay, it will be a hefty commitment. Just some opinion

Cheers

Looks good.

Just got an offer from RHB. Is it a good offer? And should I wait for others? As I heard from my lawyer that RHB is troublesome when it comes to releasing the payment to Vendor.

RHB (100% loan)
3.2
450K
35 Years

Dear Sifus/Daigors,

First time homebuyer wanna ask some stuff on bank loans.

Was looking at a nearly completed project with almost fully signed SPAs, trying to get a loan rejected unit but the property agent request me to get the bank LOA first.

Questions:
1) Safe to give all the documents to the agent and they apply on behalf for the LOA?
2) Agent say only a few banks able to give loans, cause almost all units fully signed for the project so the quota used up for some banks, true?
3) Should I take the hassle and apply myself after getting the required forms from the agents?

Many thanks if anyone could help to clear my doubts!

Insurance must be the same as the loan tenure otherwise the insurance coverage will fall faster than the loan

I am in similar dilemma, for me it's either get full tenure coverage for the mrta vs not to get at all.

The other option is to ensure that can settle the loan before the mrta lapse, but rather unlikely to do so.

Typo on PBB MRTA: RM23587

I've just got a banker telling me that I can get a lower interest rate if I sign up for a credit card from them as well, is this a common practice nowadays? I can cancel the card after approval but it's annoying.

The banker also said take up Islamic loan to avoid the 5 years loan lock-in that only conventional loans have, is it true?

Hi I got a maybank semi-flexi mortgage loan for my first home and now I'm planning to buy a second home. I wonder if I apply another loan with maybank, would they offer a better interest rate? Consider the loan amount is higher if I choose to loan with maybank again.

Guys,
I plan to purchase shop lot at 1.35m. Down payment 20%.
How much income I need to support for max term loan. I will join name with my wife.
Currently I have one house loan of 700k. Monthly repayment 3.1k. Rent out at 2.6k.

May I know what is the usual/normal rate for mortgage loan?
This is joint loan application for our first home. Current DSR is 25%, if agreed to take up the mortgage loan, our DSR will be 40%. Both of our CTOS is excellent, 752 and 750 respectively. No arrears. Both are permanent jobs.
Nope. Included into the loan.
Btw guys, fyi, current banker (Muamalat Bank) was arranged by developer. If I want to approach the other bank to finance my mortgage loan, what document do I need?

current I found Standard charter offering refinance @ 3.95% with zero costs.

my current mortgage rate with maybank islamic is 4.3 %

should I switch