Hi, could anyone share their experience on the process of apply mortgage loan while they are serving or exited AKPK?

I have exited AKPK and been managing the debt myself direct with banks, currently left RHB personal loan (previously serve under AKPK) and hire purchase
Also I have CTOS with Maxis at 6k+ which I am paying monthly



With my monthly gross income at 8k, with this condition can I negotiation with bank to apply for mortgage loan although I am aware the chances are slim

This post has been edited by lifenoregret: Apr 2 2019, 07:01 PM

Thanks for the comment, what worry me is the RHB personal loan that might still tagged with AKPK although I exited

Currently looking around on the ongoing projects and at the same time see if I have enough cash flow to settle the RHB before proceed to apply mortgage loan

Recently just placed booking fee for 530k condo, given 100 days to complete the deal or booking fee will be refunded

Maybank came back to me says that I have one restructured personal loan (previously AKPK) and required to clear it before proceed else it will be rejected
I was advised that to take cash loan from CC to clear it out..

There is another way I could clear it out I could only do it by end of May

Should I take the first step from CC or wait for other banker see if there's chances to move forward?

Yes, the loan is no longer under AKPK, in fact it's direct between myself with RHB

If possible I would prefer to leave as it is, since RHB allowed to maintained same interest rate as AKPK and monthly installment are much lower

Cash flow wise it does impact in short term however not for long term as I do plan to settle it somewhere in end of the year, there will be another income coming in by end of May aside of salary

So, the best is to wait for other banker feedback I guess?

The reason I am asking because of Maybank banker preferred me to settled by tomorrow if possible so the sooner CCRIS could get clear it out to proceed the mortgage loan, else for Maybank the mortgage loan will consider fail if to proceed

Sorry to be corrected so far only Maybank I have submitted the application and docs, the rest are still engaging to submit the forms and docs

Perhaps I will just be frank with bankers and see what's the option are, worst choice will just take up cash loan from CC to settle it straight away

It only mentioned PERSONAL LOANS/FINANCING not restructure from RAMCI

Yes, I exited directly then only follow up RHB, without nego they allowed maintain the same

There wasn't any AKPK tagging anymore, just approached by RHB that they are looking at CTOS where I have it because of Maxis which at 5.7k

I think 3 option,

1. Take CC-PL proceed to clear CTOS and continue apply loan
2. Take CC-PL proceed to clear both RHB and CTOS..
3. Proceed as usual see if any other banks allow to proceed further

As of now I will submit application to Maybank, CIMB and RHB to see what they need to say after cross check in system


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If I would apply cash out from credit card 11k (limit 23k, current spending 6k) to clear the loans, will the banker see this as a risk or it does help me increase the chances of applying mortgage loan? I am able to clear it on next cycle btw, it just short of cash atm

This post has been edited by lifenoregret: Apr 30 2019, 03:05 PM

Ok, it just doesn't seem to make sense for me even if I have fully clear it now since the record will still within CCRIS/CTOS unless bank are accepting the settlement letter, but on the other hand bank could still think that this person only clear the debt when needed and it will accounted as part of the commitment

Different banker would advise according to their SOP so I am not sure which is the best move I could make

This post has been edited by lifenoregret: Apr 30 2019, 03:13 PM

I got approved by cimb with 4.85% and 90% loan, believe because of my ctos that caused average rating hence the rates,

approved loan: rm476300
approved mlta: 24080
rate: 4.85%

I was informed no cash value for mlta and confused where I read almost everywhere mlta do provide cash value, and is mlta a lump sump into mortgage loan instead of monthly payment?
Can I opt for lower duration for mlta?

Thanks, given my credit believe most bank would not approve unless some bank willing to ignore CTOS which I believe unlikely given the history of applying credit card, excpt this bank

In terms of mlta, is the price given consider average since I couldn’t make any comparison, the only thing I see there’s no cash value and might as well take mrta?

Since its confirmed by my banker and here no cash value, I wI will just proceed with mrta, will also try nego to see if possible to lower the tenure of mrta

As per my last post, I was intended to change MLTA (no cash value) to MRTA that tied together with mortgage loan offered by CIMB.

After further studied, I decided to stick with MLTA since it's only roughly rm50 difference per month between the packages and the flexibility of MLTA compared to MRTA

Now banker is helping me to appeal BLR rate then I can proceed to sign the loan offer letter

Done some survey, seems there are some minority cases where bank canceled the bank loan offer in last minute, some even after loan agreement
Hope nothings go wrong with my case and I want to get this settle down quick, with steady mind of course

And thanks guys for the advice given earlier


I couldn't answer you since I did not clear my CTOS and one of the bank approved me and I am happy to proceed with it..

Hello, my condo under-construction and I am looking for alternative to refinance and cash out for personal purpose

Is this doable and what are the charges I should aware of aside penalty contract from the existing panel bank?