Banks right now are still extremely conservative with lending, especially with self-owned business with F&B/retail/hawker as these are very dependent on human traffic (read: very susceptible to effects of pandemic and poor economic conditions) and consumer sentiment. With the likelihood of raised interest rates soon, they are likely to reduce the loan margin offered and/or offer higher interest rates. Chances are not high to get 90% for you and your GF's case, especially without a marriage cert

Assuming 90% loan without purchasing MRTA, at 30 years tenure with 3% interest rate (average lower rate that's offered by two of the lowest rates banks, Public Bank & Maybank, most other banks are higher), that'll be a little over RM3.4k/month repayment for house price of 900k.

To be safe, best for you to prepare at least 20% of purchase price on hand, not just for downpayment but for potential renovations as well.

You should also enquire directly with bankers to get potential chances, as each bank have their own criteria and strictness. Some banks are notoriously strict unless you're longtime existing customer, some very cincai and happy to give approval. Each bank also have different rates. These kinds of policy super hard to get on online forum because considers p&c biz info.

Approximately 14.5% of 900k needed for upfront legal+stamp duty costs including downpayment of 10%

bear in mind, this is just legal fees and stamp duty, not including any miscellaneous fees like loan disbursement (a few hundred), MRTA/MLTA (about 5 digits cost), agent fees etc.

cost of renovation and repair for subsale house is another problem too

This post has been edited by DragonReine: Dec 30 2021, 11:41 AM