if sdn bhd like my case, i run myself pay myself. is much more difficult to get a loan but i still got it at good rates also.
i went through workshops on bank documentation, talk to few bankers, try with the bankers, ask consultant here and there and learn a lot in the process.
FD show bank only helps them to feel ease, it does not really help in my opinion as not many banker interested with my FD. i just attach as supporting only.
they want to see your active income.
all bank will pull your CCRIS and CTOS.
when they pull your CTOS they can see you are company director. when they see that, they wont use your monthly income as income source.
so your monthly salary does not apply.
bank want to see:
1) your submitted PCB tax filed and paid to LHDN and they want the detailed document.
2) they want to see your Bank statement 6 months to see your incoming cash to the bank. (how much you pay out not so important)
they want to see a consistent stream of money inflow to your company account
if your revenue flow is strong, they can use it 10% of your revenue as DSR
if not strong then they use your PCB tax filling.
if you got 1 month say low incoming they already start questioning and the want your latest month not your best month when you receive the inflow.
assuming you PASS basic above
usually they will not reject you if your DSR can pass not much in debts.
they will just slash your margin of borrowing to 80% or 70% and come with higher interest rate as they deem you are higher risk customer.
but this only apply to local bank like Public bank, RHB, Ambank, CIMB
Bank that will reject you upfront as they prefer only salaried worker.
Maybank, UOB
maybank is the worse as i apply many things with them also reject upfront. my company bank account with them with all the statement they can get also they reject me.
and maybank has huge client database, thus they dont really pay much interest to sole prop or self employed. they will reject face up.
conclusion.
1) PCB
2) you bank cashflow consistent
3) if you bank in salary monthly make sure is consistent every month
if you got contribute EPF from company you can use CIMB Bank.
CIMB bank will pull your CTOS but if they know you are director, they may not submit your CTOS if they know your cashflow not strong.
they will submit your payslip and EPF as income document.
other bank i check already, all will pull your CTOS and use your CTOS to submit up to credit officer.
Thanks for sharing. Appreciated.