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cash out from loan A or take new loan? Investment
TSciderblue
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Apr 22 2019, 09:50 PM, updated 5y ago
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New Member
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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!
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gld998
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Apr 22 2019, 10:51 PM
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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.
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ManutdGiggs
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Apr 23 2019, 03:34 AM
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U hav irb to handle for buying cashi via ur flexi loan moolah
They r hungry now
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Darth_Maul
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Apr 23 2019, 10:22 AM
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New Member
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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?
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ManutdGiggs
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Apr 23 2019, 10:25 AM
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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
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gld998
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Apr 23 2019, 11:00 AM
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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.
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Darth_Maul
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Apr 23 2019, 01:49 PM
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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%?
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ManutdGiggs
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Apr 23 2019, 03:16 PM
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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
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Darth_Maul
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Apr 23 2019, 03:58 PM
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New Member
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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!
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gld998
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Apr 23 2019, 06:45 PM
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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...
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Darth_Maul
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Apr 24 2019, 09:19 AM
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New Member
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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?
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BeastB
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Apr 24 2019, 09:34 AM
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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.
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gld998
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Apr 24 2019, 11:08 AM
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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.
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