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 Buy House Far from workplace, loan rejected due to far from workplace

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TSmrrixal
post Aug 4 2021, 12:06 PM, updated 5y ago

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Joined: Nov 2013
Hi all, just wanna ask if you guys have any advice

I just got loan 100% rejected due to house i want to buy far from workplace, which i have letter from HR said i work remotely.

Any of you guys face same thing and what solution do I have?

extra information:
- bank Muamalat
- tak layak skim rumah pertamaku sbb gaji exceed 5k
- first house

thanks in advance
tomato people
post Aug 4 2021, 12:14 PM

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From: tomato land


You wont get 100% house loan

Only 90%

Plus got 10% in your bank account from the house price to show you can afford to buy your dream house


mini orchard
post Aug 4 2021, 02:36 PM

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Joined: Sep 2017
QUOTE(mrrixal @ Aug 4 2021, 12:06 PM)
Hi all, just wanna ask if you guys have any advice

I just got loan 100% rejected due to house i want to buy far from workplace, which i have letter from HR said i work remotely.

Any of you guys face same thing and what solution do I have?

extra information:
- bank Muamalat
- tak layak skim rumah pertamaku sbb gaji exceed 5k
- first house

thanks in advance
*
Your rejection is because of your qualification to own skim rumah pertamaku.

If you are not qualified to be alloted a unit, bank loan eligibility doesnt matter anymore.
TSmrrixal
post Aug 5 2021, 12:06 PM

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Thanks for the reply, yes as for other bank, they straightly said im not qualified, except for bank muamalat that said my case can be consider

nevertheless, I already started plan B which to prepare that 10%. Just first time to know that buying home far from workplaces also can be reason for loan rejection


Pac Lease
post Aug 5 2021, 12:39 PM

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U can apply normall house loan with margin 90%, so I think can get the loan easily.u wan to try apply the house loan with me? I'm doing loan for klang valley.
Elise L P
post Sep 18 2021, 07:01 AM

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Joined: Sep 2021
QUOTE(mrrixal @ Aug 5 2021, 12:06 PM)
Thanks for the reply, yes as for other bank, they straightly said im not qualified, except for bank muamalat that said my case can be consider

nevertheless, I already started plan B which to prepare that 10%. Just first time to know that buying home far from workplaces also can be reason for loan rejection
*
You don't need to pay the 10% deposit if u buy a new project.
As I know, there are a few completing soon new project. Drop me pm if u r interested.

 

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