Working Overseas but buying in Malaysia, Possible to get 90% loan?
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 Jul 8 2015, 01:00 PM, updated 11y ago
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#1
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Junior Member
392 posts Joined: Dec 2004 From: land with lots of chocolates~~  
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Hello all,
I'm currently working in Hong Kong but looking to buy a property in Malaysia mainly for investment. Is it possible to get 90% from local banks? My friend in PBB told me they can't approve 90% given the fact that I work overseas and the property is for investment  . I'm still checking with other banks but hope to get some opinions here too!Thank you!! |
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Jul 8 2015, 01:08 PM
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#2
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Junior Member
33 posts Joined: Jul 2014
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QUOTE(lord @ Jul 8 2015, 01:00 PM) Hello all, I'm currently working in Hong Kong but looking to buy a property in Malaysia mainly for investment. Is it possible to get 90% from local banks? My friend in PBB told me they can't approve 90% given the fact that I work overseas and the property is for investment . I'm still checking with other banks but hope to get some opinions here too!Thank you!!  |
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Jul 8 2015, 02:47 PM
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#3
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Senior Member
1,752 posts Joined: Jun 2010
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QUOTE(lord @ Jul 8 2015, 01:00 PM) Hello all, I don't see the reason why not. Unless is your 3rd property than no.I'm currently working in Hong Kong but looking to buy a property in Malaysia mainly for investment. Is it possible to get 90% from local banks? My friend in PBB told me they can't approve 90% given the fact that I work overseas and the property is for investment . I'm still checking with other banks but hope to get some opinions here too!Thank you!! |
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Jul 8 2015, 03:41 PM
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#4
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Senior Member
6,562 posts Joined: Jan 2003 From: Kuala Lumpur 
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QUOTE(lord @ Jul 8 2015, 01:00 PM) Hello all, Not a problem at all. Done it many time for Malaysians working in countries like singapore.I'm currently working in Hong Kong but looking to buy a property in Malaysia mainly for investment. Is it possible to get 90% from local banks? My friend in PBB told me they can't approve 90% given the fact that I work overseas and the property is for investment . I'm still checking with other banks but hope to get some opinions here too!Thank you!! |
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Jul 20 2015, 11:59 PM
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#5
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Junior Member
24 posts Joined: Jul 2015 
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QUOTE(lord @ Jul 8 2015, 01:00 PM) Hello all, Shouldn't be a problem, they would just need the standard bank statement etc. try to look around with other banks to know your options. My company deals with alot of foreign investors buying property locally and bank loans shouldnt be a big issue.I'm currently working in Hong Kong but looking to buy a property in Malaysia mainly for investment. Is it possible to get 90% from local banks? My friend in PBB told me they can't approve 90% given the fact that I work overseas and the property is for investment . I'm still checking with other banks but hope to get some opinions here too!Thank you!! |
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Jul 21 2015, 12:59 PM
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#6
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Senior Member
2,714 posts Joined: May 2008
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QUOTE(lord @ Jul 8 2015, 01:00 PM) Hello all, no need to tell the bank the purpose of the properties purchase for. Just provides the bank all the documents they need and wait for their reply, should have no problem to get 90% unless the loan amount is too bigI'm currently working in Hong Kong but looking to buy a property in Malaysia mainly for investment. Is it possible to get 90% from local banks? My friend in PBB told me they can't approve 90% given the fact that I work overseas and the property is for investment . I'm still checking with other banks but hope to get some opinions here too!Thank you!! |
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