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> Loan to buy residential land, Can loan how many %? Financial

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TSfinestq
post Nov 30 2017, 03:44 AM, updated 7y ago

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Since the banks are controlling hard on loan now, is it still possible to get loan to buy residential land? Not planning to build house on it at the moment. How many % loan? 60? 70? Which bank provide the highest %?

This post has been edited by finestq: Nov 30 2017, 07:15 AM
Learjet35
post Nov 30 2017, 05:10 AM

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Maybe can refinance the land and use the cash?
Stamp
post Nov 30 2017, 11:21 AM

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QUOTE(finestq @ Nov 30 2017, 03:44 AM)
Since the banks are controlling hard on loan now, is it still possible to get loan to buy residential land? Not planning to build house on it at the moment. How many % loan? 60? 70? Which bank provide the highest %?
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CIMB can give maximum 85% loan on residential land.
shaniandras2787
post Dec 6 2017, 06:55 PM

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QUOTE(finestq @ Nov 30 2017, 03:44 AM)
Since the banks are controlling hard on loan now, is it still possible to get loan to buy residential land? Not planning to build house on it at the moment. How many % loan? 60? 70? Which bank provide the highest %?
*
for vacant residential lands without any building erected thereon, you'd be lucky enough to find a financier who is willing to finance a margin of 80% for it at the moment but of course, this is also subjected to the fact that you do not currently own any other properties which are still under financed by any banking institutions.
Pac Lease
post Mar 12 2019, 06:06 PM

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QUOTE(finestq @ Nov 30 2017, 03:44 AM)
Since the banks are controlling hard on loan now, is it still possible to get loan to buy residential land? Not planning to build house on it at the moment. How many % loan? 60? 70? Which bank provide the highest %?
*
can finance up to 70% and selected residential vacant land in klang valley.

 

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