Welcome Guest ( Log In | Register )


Bump Topic Add Reply RSS Feed New Topic New Poll

Outline · [ Standard ] · Linear+

> cash out from loan A or take new loan? (Investment)

views
     
TSciderblue
post Apr 22 2019, 09:50 PM, updated 5w ago

New Member
*
Group: Junior Member
Posts: 14

Joined: Jul 2007
Hi all sifu/financial/investment expert,
my senario is...

loan A (full flexi) which can cash out 350k

new property price is 340k (for investment)
new loan up to 70%
need to pay loan agreement/disburstment fee
need to pay MRTA

I dont have any other invesment (share martket, bond etc)

should i take new loan or cash out for new property?

your comment/advise/suggestion is very much appreciated.

thanks in advance!
gld998
post Apr 22 2019, 10:51 PM

On my way
****
Group: Junior Member
Posts: 653

Joined: Apr 2008


QUOTE(ciderblue @ Apr 22 2019, 09:50 PM)
Hi all sifu/financial/investment expert,
my senario is...

loan A (full flexi) which can cash out 350k

new property price is 340k (for investment)
new loan up to 70%
need to pay loan agreement/disburstment fee
need to pay MRTA

I dont have any other invesment (share martket, bond etc)

should i take new loan or cash out for new property?

your comment/advise/suggestion is very much appreciated.

thanks in advance!
*
Do the math... which one cost less? Ask your banker to calculate for u.
ManutdGiggs
post Apr 23 2019, 03:34 AM

10k Club
********
Group: All Stars
Posts: 11,374

Joined: Jun 2011
U hav irb to handle for buying cashi via ur flexi loan moolah

They r hungry now
Darth_Maul
post Apr 23 2019, 10:22 AM

New Member
*
Group: Junior Member
Posts: 17

Joined: Jan 2003
QUOTE(ManutdGiggs @ Apr 23 2019, 03:34 AM)
U hav irb to handle for buying cashi via ur flexi loan moolah

They r hungry now
*
Boss, use your own saving money to transfer from 1 account to another also will kena ah? Or is the cash purchase of RM350k property that will trigger the IRB?
ManutdGiggs
post Apr 23 2019, 10:25 AM

10k Club
********
Group: All Stars
Posts: 11,374

Joined: Jun 2011
QUOTE(Darth_Maul @ Apr 23 2019, 10:22 AM)
Boss, use your own saving money to transfer from 1 account to another also will kena ah? Or is the cash purchase of RM350k property that will trigger the IRB?
*
The purchase without loan is considered cashi buy regardless of ur moolah is withdrawn fr flexi loan or own pocket

This post has been edited by ManutdGiggs: Apr 23 2019, 10:25 AM
gld998
post Apr 23 2019, 11:00 AM

On my way
****
Group: Junior Member
Posts: 653

Joined: Apr 2008


QUOTE(Darth_Maul @ Apr 23 2019, 10:22 AM)
Boss, use your own saving money to transfer from 1 account to another also will kena ah? Or is the cash purchase of RM350k property that will trigger the IRB?
*
Aiya.. just show u buy property. brows.gif brows.gif brows.gif
Darth_Maul
post Apr 23 2019, 01:49 PM

New Member
*
Group: Junior Member
Posts: 17

Joined: Jan 2003
QUOTE(ManutdGiggs @ Apr 23 2019, 10:25 AM)
The purchase without loan is considered cashi buy regardless of ur moolah is withdrawn fr flexi loan or own pocket
*
Boss so to avoid trigger IRB, we can take a minimal loan of let's say... 30%?
ManutdGiggs
post Apr 23 2019, 03:16 PM

10k Club
********
Group: All Stars
Posts: 11,374

Joined: Jun 2011
QUOTE(Darth_Maul @ Apr 23 2019, 01:49 PM)
Boss so to avoid trigger IRB, we can take a minimal loan of let's say... 30%?
*
Take a bit higher then dump in ur cashi to save interest lo
Darth_Maul
post Apr 23 2019, 03:58 PM

New Member
*
Group: Junior Member
Posts: 17

Joined: Jan 2003
QUOTE(ManutdGiggs @ Apr 23 2019, 03:16 PM)
Take a bit higher then dump in ur cashi to save interest lo
*
Okei! Tq for the advice!
gld998
post Apr 23 2019, 06:45 PM

On my way
****
Group: Junior Member
Posts: 653

Joined: Apr 2008


QUOTE(Darth_Maul @ Apr 23 2019, 01:49 PM)
Boss so to avoid trigger IRB, we can take a minimal loan of let's say... 30%?
*
Why u scare unless u doing something illegal...
Darth_Maul
post Apr 24 2019, 09:19 AM

New Member
*
Group: Junior Member
Posts: 17

Joined: Jan 2003
QUOTE(gld998 @ Apr 23 2019, 06:45 PM)
Why u scare unless u doing something illegal...
*
Why start a fire when u have a microwave?
BeastB
post Apr 24 2019, 09:34 AM

Enthusiast
*****
Group: Senior Member
Posts: 841

Joined: May 2011




What was the interest rate of the old loan?

What is the interest rate of the new loan?

Based on the two answers above, I think common sense is enough to make the right decision.
gld998
post Apr 24 2019, 11:08 AM

On my way
****
Group: Junior Member
Posts: 653

Joined: Apr 2008


QUOTE(Darth_Maul @ Apr 24 2019, 09:19 AM)
Why start a fire when u have a microwave?
*
Which also means you have something to hide. I kena b4, just submit documents only what... let them findout.
Your credit rating will improve as well. brows.gif



Bump Topic Add ReplyOptions New Topic
 

Switch to:
| Lo-Fi Version
0.0630sec    0.91    5 queries    GZIP Disabled
Time is now: 21st May 2019 - 06:26 AM