Hello guys,

The question in the title, if let say I have an outstanding loan, what happen to it once I sold the house? From what I know if I sell a car, the buyer will "sambung bayar" the loan.

Thanks!

u apply loan rm100k
total commitment become rm180k because of interest

u sell the house rm120k
bank will consider as full settlement
full settlement dont have interest
when interest is gone, balance payment is rm100k
rm120k - rm100k = profit rm20k

if u buy and sell immediately, u will be charged 50% tax.
so your profit is RM10k, balance rm10k become BR1M