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 MyDeposit - Thoughts?, Home Deposit scheme

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wayne20
post Apr 11 2016, 11:48 AM

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HI All, want to ask is it we only apply this after the bank loan have been approved?
wayne20
post Apr 11 2016, 03:07 PM

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apply this mydeposit need to get bank loan approved 1st?
wayne20
post Apr 13 2016, 08:57 AM

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Anyone get the ccris report NOT from branch kiosk?
wayne20
post Apr 14 2016, 11:19 AM

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QUOTE(jinsailoo @ Apr 14 2016, 11:08 AM)
no, after place deposit / sign SPA sure cannot apply
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But how come the developer will let you hold the house without placing any deposit and wait until decision from mydeposit? I also curious this problem.
wayne20
post Apr 14 2016, 11:34 AM

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QUOTE(AmmoShaf @ Apr 14 2016, 11:24 AM)
Usually, when u decide to buy house from developers, you will only place booking(part of the first 10%) to the developer to get the purchase/booking form. This booking amount varies eg. RM3K, RM5K, depends on the developer. You don't have to directly sign Sales and Purchase agreement on the same day. Meaning that you will have time to apply for mydeposit. Developer will hold on this booking, and have some time period for your to settle other process including the payment of 10%
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but my developer mentioned that they have abit different with others. That day i choose a house, then place booking fees 2k. then they ask me to sign SNP already. then next step is looking for banker for bank loan. Now is submitting those documents for banker. so i quite confuse with the procedure somemore i am 1st time house buyer. So i can apply mydeposit now? hmm...
wayne20
post Apr 14 2016, 11:38 AM

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QUOTE(physz.86 @ Apr 14 2016, 11:31 AM)
BNM Kuching here also got CCRIS kiosk but still it takes me almost one week to submit the application.
Besides ccris, you need to prepare offer letter from developer, luckily this scheme is out right after I've booked the house. And also there are other required documents; certificates/statement/IC photocopy of your dependent.

Unless you have all these in your hand.
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how is the offer letter from developer looks like? is it the booking form?
wayne20
post Apr 14 2016, 11:58 AM

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QUOTE(physz.86 @ Apr 14 2016, 11:43 AM)
You should see how the online form is look alike then you will know what need to be done.

From the online form it mentioned 3 important things in offer letter: built up area, purchasing price & lot no.

I dont think it has official format of offer letter. As long as your booking receipt has stated these 3 things, you can use booking receipt as offer letter. But I cannot guarantee tongue.gif
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noted. thanks. smile.gif
wayne20
post Apr 14 2016, 12:02 PM

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QUOTE(AmmoShaf @ Apr 14 2016, 11:50 AM)
in my understanding, as long as your SNP haven't been stamped yet, you can still apply for mydeposit, but you need to sign another SNP later if your developer is kind enough to help you get the mydeposit scheme because it has been stated that there will be extra clause added into the SNP for mydeposit scheme(10years lockin period). If you use your current SNP, mydeposit scheme might not be valid.

The best solution is to talk to your salesperson/agent and ask for his help.
edit : offer letter from developer should be booking form/purchase form/dedicated letter offer on the day you book the house.
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i see. Ya. i have the booking form when i place the booking fees. too bad my developer seem not so helpful on mydeposit scheme and not so clear about it too. They wish to going through normal procedure 1st. 1 more question. do i need to wait my bank loan approved only apply? or now i can apply it?
wayne20
post Apr 14 2016, 12:09 PM

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QUOTE(jinsailoo @ Apr 14 2016, 12:04 PM)
if you will go for the house with / without mydeposit

then you can apply bank loan to save time
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ya...i am applying bank loan now..so now i can go apply mydeposit before the bank loan approved?
wayne20
post Apr 14 2016, 12:14 PM

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QUOTE(AmmoShaf @ Apr 14 2016, 12:12 PM)
You can start your application now, don't have to wait for your loan approval. just prepare your own downpayment incase your application for mydeposit rejected. And for your information, all developer are scared to really introduce this scheme because no concrete information about the scheme, and to avoid booking cancellation later when the application for mydeposit rejected.

I don't even know this scheme is a loan or not until I call KPKT yesterday.
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you are right too. feeling tht they are afraid to tell about this scheme. Really is a loan? so when have to pay back? don't have any info about this scheme is a loan at all.
wayne20
post Apr 14 2016, 01:49 PM

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QUOTE(AmmoShaf @ Apr 14 2016, 01:27 PM)
Sorry I was quoting Jesscey post before, stated that there will be additional clause in SNP for mydeposit applicant. This is not a confirm statement. But logically thinking, where else would they add the clause for the lock in period.
No, I got the information before this is a loan, but when I call KPKT, they stated that this is just an initiative from gov to help, thus not loan.
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noted. thanks bro
wayne20
post Apr 14 2016, 04:48 PM

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QUOTE(Jesscey @ Apr 14 2016, 03:02 PM)
You placed rm2K as deposit and asked to sign the SPA. In the event you failed to obtain loan from bank and the SPA stamped already, will the developer refund the deposit to you if you managed to get the bank rejection letter to them?

You can go to apply the MyDeposit while waiting for the loan approval.  The stamped SPA and stamped bank offer letter will need to be submitted when claim the 30k.
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Yes. will fully refund. ok. noted. thanks ya.
wayne20
post Apr 14 2016, 04:53 PM

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QUOTE(AmmoShaf @ Apr 14 2016, 03:08 PM)
I'm sure that developer will only stamp the SPA once he got his loan approved. Nowadays, more developer are doing this, signing SPA on the booking day to speed up the process once the loan approved. If not, RM2k also is not enough to cover the stamping and everything, nee to top up the payment too.
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I am thinking the same thing with you. Told them sign later when the loan approved but they will not hold the lot for me. so signed it at the end too.
wayne20
post Apr 14 2016, 04:56 PM

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QUOTE(Jesscey @ Apr 14 2016, 03:02 PM)
You placed rm2K as deposit and asked to sign the SPA. In the event you failed to obtain loan from bank and the SPA stamped already, will the developer refund the deposit to you if you managed to get the bank rejection letter to them?

You can go to apply the MyDeposit while waiting for the loan approval.  The stamped SPA and stamped bank offer letter will need to be submitted when claim the 30k.
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HI, wanna ask u that i m buying a house with my gf. so we both also apply for this scheme? 2 ppl apply is better than 1 ppl apply right? biggrin.gif
wayne20
post Apr 14 2016, 05:11 PM

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QUOTE(AmmoShaf @ Apr 14 2016, 05:03 PM)
Then what is the purpose of your booking payment? You pay RM2k to them and they cant reserved the lot for you? Take the money back, buy other from other developer. In today's market, purchaser have a lot of power in buying property, just sharing.
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Ya. They meaning that if you don't sign S&P today then just don't place any booking fees. No choice. That is strategic place and love it. Thanks your sharing smile.gif
wayne20
post Apr 14 2016, 05:22 PM

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QUOTE(Jesscey @ Apr 14 2016, 03:02 PM)
You placed rm2K as deposit and asked to sign the SPA. In the event you failed to obtain loan from bank and the SPA stamped already, will the developer refund the deposit to you if you managed to get the bank rejection letter to them?

You can go to apply the MyDeposit while waiting for the loan approval.  The stamped SPA and stamped bank offer letter will need to be submitted when claim the 30k.
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How if the bank loan approved, proceed to S&P stamped, but mydeposit there still no news yet? Coz need add the clause in the S&P right? but the S&P is already stamped. thanks.
wayne20
post Apr 14 2016, 05:28 PM

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QUOTE(Jesscey @ Apr 14 2016, 05:27 PM)
Cannot la..  sweat.gif  sweat.gif

You have to prepare that the officer may request marriage cert (surat nikah) from you if apply under couple name.
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So how if the house is under 2 names? only 1 ppl apply this scheme?
wayne20
post May 5 2016, 08:40 AM

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Hi all, yesterday I have faced some problem when submitting the application. The system keep prompt out the error msg "Nombor mestilah dari 9 ke 11 digit!" after i click the "hantar" button. I have no idea how to fix this error msg. It is referring to the no. hp if not mistaken. But how i change it, it still come out the error. So wanna ask did you guys face this error msg before? Thanks all.
wayne20
post May 5 2016, 10:31 AM

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QUOTE(q_silverflame @ May 5 2016, 09:22 AM)
didn't happen to me. try go through each tab. they highlight in red which item didn't fulfill requirement
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They didn't highlight in red. really confuse with their error msg. do not specify clearly.

This post has been edited by wayne20: May 5 2016, 10:32 AM
wayne20
post May 5 2016, 12:39 PM

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QUOTE(ms749 @ May 5 2016, 11:04 AM)
I was having the same problem as well, since my mobile number is of 11 digit (011 3xxx xxxx). Then I removed the first two digit (put it as 1 3xxx xxxx), which the application went through. The only problem is, my number was registered as 013 xxx xxxx), which is NOT my number. Can't changed it now. Sad.
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So weird the website@@ i put 16 xxx xxxx or 016 xxx xxxx also can't.

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