hi..

need advise here..

my take home pay is 3.8k
study loan settled, no other commitment.

what max loan i can get?
personal loan/property loan.

and do i get this right?
for house u can get 90% financing, for land 70%
if not, pls advise
tq

Dear Lucifah,

1. To be more exact and accurate with my loan analysis. May I know Rm10-13k did he issued as director fees? - as profit after minus all expenses

2. Is his company an enteprise, sdn bhd or llc? - enterprise, hence the profit is added to personal income

2a. How many years has his company established - > 10 yrs

2b. what's his director shares in the company? - sole proprietorship, hence 100%

2c. What's his business nature? - retails

2d. Did he pay income tax form B? - around rm 17 - 22k per year after all eligible rebates and reliefs

2e. Does he issue director fees for himself? - no

3. To determines his income from his business, I would need to calculate based on hos company bank statement credit balance.
Could you list down his company bank statement monthly credit balance?

Month of
12 : roughly 70k
11 :  80k
10 : 70k
9  : 90k
8  : 60k
7  : 120k (raya time)
Question seems lengthy, but this will help determined how much income can be derived from his company.

Dear Lucifah,

1. If derived income from your friends company banks statement, his income is around RM8K/ month.

2.More than 10 years of business establishment, it shouldn't be a problem. Good foundation

3. Paid tax, very good.

4. With Rm8k income and only with credit card. His max loan eligiblity is RM800K. Safest is RM800K, banks credit scoring for enterprise is usually lower.

Dear,

Usually company bank statement ending of every month will have ledger of

Credit balance
Debit balance
Closing balance
Bank usually will calculate income from credit balance ending of every month, for 6 months average up and times income factor from different business nature.

------------------------------------------------------------

Bank will also look at debit balance side for credit scoring purposes and also every transaction if there's amount >50k credited.

Dear Lucifah,

1. From experience through looking at all the cases have done, Scoring on company bank statement, will depends on the amount of transaction volume, closing balance each month. Closing balance negative for consecutive 6 months will affect the scoring abit. Most important is the business nature.

Overall, scoring calculation is vague, even credit controller department team have no idea how the calculation works, they just key in. Bank has its own way of keeping is in the blind, so that we can't game their system.

But based on experience, some times, there's few things we can tweak to increase to credit approval chances.

4. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path.

2) No Soliciting - you are not allowed to conduct solicitation here by posting "PM me for info", "I have PM you", or any other similar posts.

How indifferent is the statement above to you?

Cues taken from boon

This is strictly a DISCUSSION / Q & A thread about Mortgage

Strictly NO PROMOTION and NO SPAM or NO ONE-LINER (e.g. You got PM).

General board rules and regulations applies.

First violation = Warn
Subsequent violation = Suspension

To further clarify, does this
"4. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path." sentence considered promotional otherwise I won't waste my time to report it in the future.

I agree that if it involves personal detail then PM will be fine.

However, in this situation, it is in contrast of the statement you mentioned as the forumer posted his details already as per below
But the following statement made by him
"4. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path."
is no different from "Look if you need my service, PM me."