If the monthly rental income have been the source of other regular income of borrower for few years, then should be ok.

Having said the above, if borrower have 5 different rental income vs 1, it does make a different in approval and loan amount.

Proof of tax payment for rental income is also important, other than bank statement and TA.

This post has been edited by mini orchard: Jun 24 2021, 09:32 AM

1. Yes and No. Better to open a bank account solely for rental purpose. The amount should be same every month. Easier for banks to cross reference.

2. Both copy to be stamped.

3. Formula to calculate stamp duty ..

Monthly rent x 12 - 2,400 ÷ 250 x Period = XXX to the nearest ringgit + 10 copy.

4. No

5. Yes. If after TA date, penalty is as follows ....

(a) RM25.00 or 5% of the deficient duty, whichever is the greater, if stamped within 3 months after the time for stamping;

(b) RM50.00 or 10% of the deficient duty, whichever is the greater, if stamped after 3 months but not later than 6 months after the time for stamping;

© RM100.00 or 20% of the deficient duty, whichever is the greater, if stamped after 6 months from the time for stamping; may be imposed.

6. Yes, with limited Q numbers and shorter working hours.

If one wants to apply for a loan, every supporting documents must be legal.

If is not stamped, obviously the bank wont include the rental income.

The complete proving method must be a package deal.

Having said that, TA and bank deposits can also be forged.

Long term relationship with banks are important.

Why tedious ?....once money go out, is not easy to recover if there is a default.