Hi all

i know markup loan has become very common nowadays but is it actually legal?

Its not wrong to sell higher than market price, but he said "loan markup" as in stated selling/buying price say 1.5mil in SPA & Loan, but in actual buyer only pay 1mil to seller so technically that is frauding the bank.

I think what TS meant is the SPA is marked up at a higher price in order for him to obtain a loan. In fact there is an actual purchase price agreed upon by the seller and buyer at a lower price compared to the written value on the spa.

it is legal - as you can quote as discounts to purchaser

Yes, otherwise im replying this from jail already.

As though those without mark up no default ?

There is NEVER an agreement in the first place.

What goes behind the scene of SnP  is neither with your or my knowledge.

If the govt can accept it, the bank can approve the loan, who are we to say is illegal or otherwise ?

What is fraud ? ...is when someone suffered a financial loss....in marked cases ...

Govt will collect higher stamp duty (mot) for marked up sale.

Govt will collect higher stamp duty for loan agreement

Govt will collect higher rpgt tax, if applicable.

Will govt charge the seller buyer for such transaction ?  and

Banker will collect higher loan interest payment.
Default by borrower is lain cerita.

Just cut the BS down & prove it's 100% illegal then and be consistent.

He said Technically not illegal at the same time 100% illegal. Kinda perplexed.

Dono what he's saying but then more importantly is the hot money already in pocket. Who cares after all.

Developer selling to you can be in similar methodology but they never call it as mark up loan. Just deep dive more on how things work n you'll be surprised.

There is a BIG different between marked-up price for loan purpose and marked-up price for supply of services/products.

The former is 'executed' through the loan agreement where 'REPAYMENT IS MANDATORY'. Upon settlement of the loan, banks have collected back the principal disbursed plus interest. There is NO loss to the bank. There is NO fraud.

Again, I repeat ... default by borrower is lain cerita .
The latter is 'executed' through a price increase for the supply of services/products. Suppliers dont benefit from the price increase. Less services/products are being supplied for the same amount of money paid. There is a LOSS to the company that have paid a higher price for the services/products. The person who received the 'marked-up' is NOT OBLIGATED' to repay the money received. THIS IS FRAUD !

The forner is 'legal' and the latter is ILLEGAL !

It NOT a surprised that NON will be charged for 'loan fraud' which is 'illegal' made legal between banks and borrowers through a LEGAL STAMPED LOAN AGREEMENT !

Banks are 'illegal' Ah Long made legal by BNM through issuance of banking licences while Ah Long are 'illegal' made illegal due to non compliance requirements ! Nevertheless, both are money lenders !

If marked-up is bank compliance, how is it a fraud ?

Mark up loan is a loophole, not illegal

Banks don't report to police mean they dont have proof that it is not illegal.

Bank Legal Advisers are not for parade ! They are being paid for their professional opinion !

Is as simple ...'Catch me lor, if you can !'

Criminal proceedings are not the purview of banks ! When can next of kin charged a murderer for murder !

Bank will only disbursed what is being loan. Proof of balance payment or all payments are handled by the lawyers ! Whether any actual cash movement is inmaterial as long seller 'CONFIRMED RECEIVED' through a booking receipt !

Or are you talking about a live video recording of a 'hand shake.'

There was a saying by a 'popular' forumer in lowyat forum ...

"Those who lives in coconut shell thinks that is his world !"

Bank staffs accomplice in marked up ?

When did lawyers ever asked for proof of deposit payment other than the booking letter ?

My lawyer say no wor ! That is not his business. He see documents only.

Signed means confirmed received !

Need live video recording of cash changing hand ? Can be done also .

Infront of lawyers ? Can be done also !

Seller bank in own money and pass slip to buyer and show lawyer ? Can aah ?

We talk marked up. Not leasing lah. Ada lain meh ? Seller still can bank in.

Why talk future ?

Dont speculate. That is not the point for discussion.

Repeat .. default by borrower is lain cerita

Is not about legality.

Is about whether the SnP price is acceptable to the banks.

What transpired between buyer seller is not a concern for the bank.