If you guys write retired or unemployed, you may not be approved for loan applications and some other applications. Anybody experienced as such here ?

I personally saw am elderly couple denied their US Visa application when the man wrote hos occupation as : retired. He was asked his retirement dates, etc, then his income level and a host of other questions.

Finally, the officer behind the glass panel told him his visa can’t be approved for the time being.

Depends on his visa type right? If holiday (B1), by right you just need to show your assets here then will get approved.

Yes , why go scare off the banks if you want their service

My opinion is be frank be honest, tell 1 lie you will need many more lies later ...susah

Just put retiree, and provide proof of all passive income, bank statement etc.

Applying US visa is even more strict on lies...you want to cheat and put occupation as ? Self employed when in actual facts you have retired and unemployed?

I would rather put it as retiree...they just wanna make sure you are genuine, no hanky panky, and have money and assets at home and will come back home after that.

Put self employed, you better have a business to prove...

I think most men have a registered self-proprietorship out there. Having this invites less documents and queries.

Bank statements may not be accepted if there is no registered entity to back it up with. Ir’s the protocol of the evaluator.

Not everything can be classified as a lie. It’s just how you present the materials at hand.

Perhaps he did not have enough assets to demonstrate, and coupled eith a ‘retired’ status meaning without regular incoming income… he failed to secure a B1/B2 visa.

If you are FIRE, you do not need loan, you do must not be carrying a loan at that time. You must be debt free.

This post has been edited by Ramjade: Nov 24 2025, 12:09 PM

2 reasons what you are promoting is risky
especially you didnt warn earlier
must have business to prove....


1) most people do not have that
not doing business
what for having that?

there are many retirees in here
MNC workers etc
not running business, do they have
sole proprietorship?

2)Most business men would have , yes.
but once retired it becomes dormant no activity
related to you

you simply quote your dormant Co to US authority.
next question is show me bank statement
proof of business activity and your income from Co.
how?

terus koyak.

This post has been edited by guy3288: Nov 24 2025, 01:31 PM

Don't lie, esp US visa interview. Cause if they find you some hanky panky stuff, might get blacklisted as well. If the assets not enough to backup the application, then meaning better don't go or find guarantor. They worry people jump aeroplane. If you have friends/relatives there as guarantor, then most probably can get approved easier. Sometimes this visa application also depends on luck, the interviewer might be stricter (I noticed this on most ABC), so better pray that get ang moh instead.

Let say your MY yearly income is rm60k, n your foreign yearly income is rm180k. After 10 years u FIREed, how would u buy a house with cash without attracting the attention of LHDN?

I am not buying a house. Parents told me do not buy a house.
You can always look for gems in bursa. Yes one such companies exist that increase dividend by 10-20% p.a yielding 5%p.a and debt free to fund your lifestyle in Malaysia.

This post has been edited by Ramjade: Nov 24 2025, 02:46 PM

are we talking about banks giving anyone a loan to purchase a property without financial documentations or support?
which bank so kind?

Just out of curiosity, I googled and found this.

Can retirees apply for a home loan in Malaysia?
If you are retired and looking to purchase another property by applying for a home loan in Malaysia or secure financing during your retirement, then this guide could help shed some light on what and where to seek information from.

https://www.iproperty.com.my/guides/retiree...wxoC3BAQAvD_BwE

Buying A House After Retirement? Here Is How
https://hartamas.com/buying-a-house-after-r...nt-here-is-how/

Taking a loan in your golden years
https://theedgemalaysia.com/article/taking-...ur-golden-years

This post has been edited by MUM: Nov 24 2025, 03:28 PM

Another method is use collateral.
Not sure if your EPF dividend can give ~100K, assuming 2.5%, can you get the loan based on 8.3K monthly as monthly income.

I think, ...think, ...the bank won't use your kwsp or dividend income from kwsp as collateral for bank loan repayment..
They may just add a few extra points to assess the loan approval qualfying process.

As the bank cannot hold your kwsp money,....you could withdraw your kwsp for other purposes without the bank knowledge....also kena scammed of kwsp money is common nowadays.
.

This post has been edited by MUM: Nov 24 2025, 06:31 PM


Attached thumbnail(s)

good sharing

i only read the last one


#For retirees, the best practice is to live on cash#


It will be hard to justify dividends from asnb/ and epf as passive income because it is left compouding and not being credited monthly to the bank account. So even having a monthly div of rm20-30k, bank might not even approve any loan applications.


Probably the only way is colleteral- fd or property

So no matter what, the best way will be to live with cash

Those who plan to FIRE, best to secure any loans before you do so .

ASNB/ASB/ASM all got statement. Up to banks to accept that as passive income or not

If one is cash rich, there is no reason to want a bank loan

if you think you are eligible for bank loan ,
you show your millions in EPF and ASM is meaningless to bankers,

becos bankers cannot dip their hands into your EPF


your money for show is not in control by the bankers

money in ASM , today you show them millions,
tomorrow you take all out the bankers would be left with nothing .
bankers are not stupid.

if i am the bankers you want loan can,
come put your money in my bank eg FD
and i locked it up as security, no problem

who said retirees or the unemployed (with assets) cannot take bank loan?
you just need to prove your bank worthiness, assets as security, payment records etc

yes. that is why asnd epf will never be considered as income no matter how high the dividend is.

one could be cash rich but it is still smarter to take a loan for low interest housing loans or even now the 0% car loans.

hope we can get clarification on this probably by some bankers.

bro i have always have my doubt
if one says he can make money by taking a bank loan to earn higher rates
than what bankers charge

'take a bank loan and make profit out of that loan '

please tell me how.....with some calculations

as i highly doubt bankers have not thought about that abuses
we all can pull from the banks.

making money out from bankers i have done it yes
but not by taking bank loans.. and keeping own cash

edit..

1)not refering taking loan to invest or do business
this is referring to taking loan at lower interest and make money out of it
by saving it some where with higher interest rates........possible??
2) sometime ago there was lenghty discussion in EPF thread,
taking bank loan to put in EPF and make money out of it..
then finally woke up to realize
no you wont be able to earn money that way...


This post has been edited by guy3288: Nov 25 2025, 11:19 AM