Recently bought an Auction House in Cheras, RM242k.

This is my second house, as the first house loan is 606k (still in construction, released loan of 110k atm), and have a car loan @ RM900 / month, 3 years to go.

Net income @ RM5.3k, any possibility to get loan ? or any suggestion?

Thanks.

Already bid successfully and paid 5% reserved price, just that might joint loan with others if that's the only option.

Initial car loan amount is 60k, 7 years loan at 3.2%.

House loan is at 40 years, 4.25%.

Bonus is 13th salary, so another 5.3k there.

Should be RM65k this year.

Thx for the calculation, just another question, would it be possible to get my dad in as guarantor? He is 60, with annual tax filling 100k? Without any commitment.

Cz salary increment only start on April, and bonus is on Jan, the 5.3k is gross income, not net. sorry for confusion. Since the current house finished loan payment, i think few years back,so my dad does not have any commitment, other than being my car loan guarantor. If my dad is not a choice, then will have to join with spouse instead.