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Housing loan 900k
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TSvinlyy P
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 Dec 23 2021, 09:55 PM, updated 4y ago
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New Member
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Hi all bankers and sifus,
I’m with my girlfriend trying to get loan for my first house. We plan to buy double storey KL.
Property price: 900k second double storey
Loan:hope to get 90%
Credit card: clear off every month no outstanding
Age: 28(me) 25(she)
Year of our business: 2year plus
Net income:
Enterprise profit
Year 2019 - 99k - rm4200 monthly profit /person
Year 2020 -135k - rm5600 monthly profit/person
All sale and expenses got transaction in our account
We also got submit our income to LHDN for year 2019&2020
Monthly saving around 4k - 6k
Occupation: morning market hawker
-we operate our business under our partnership enterprise
-profit by sharing in business enterprise account
-ssm 2year ++
Commitment :
For me: ptptn rm250 /left 13 year
Every month clear no outstanding
She : no commitment
Marital status : single
Currently : rent house rm1500 per month
Is our profile able get a loan for our 1st house purchase? What would be the loan margin and loan tenure? How much we need to prepare in order to buy second hand double storey with price 900k?Thanks for the advice
It is big chance to get 90% loan?
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TSvinlyy P
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Dec 24 2021, 10:01 PM
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New Member
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We contritribute to EPF but by one time rm5000 for each of us in 2021
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TSvinlyy P
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Dec 25 2021, 03:55 PM
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New Member
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I plan to purchase property at June 2022
So start from Jan 2022 I contribute rm300 monthly to epf got improve for my housing loan .
When apply loan ,bank got request us to send epf statement for self employed borrower ?
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TSvinlyy P
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Dec 27 2021, 07:07 AM
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New Member
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QUOTE(Thasmita @ Dec 26 2021, 10:50 PM) That’s really brave. Committing to a 810k loan based on rm 120k nett annual revenue. Firstly make sure the property is really worth rm900k. Don’t ever rely solely on what agents tell you. Do proper research on recently transacted prices. As a property owner myself - I have to admit it’s a really really soft market. I just offered someone 25% off the advertised price for an apartment unit - initially the agent/owner said no- but after a week have been calling me to conclude the deal, from 340k advertised price to 250k. No choice I work at this area I must buy at here easy for me I need to prepare food so double storey suitable for me Hard to negotiate price Some property once we late/still thinking Other ppl already buy |
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TSvinlyy P
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Dec 28 2021, 03:14 PM
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New Member
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QUOTE(LuckyBai @ Dec 27 2021, 08:19 PM) Not likely to get 90% with that property prices and your incomes.. Maybe 70-80% why can’t get 90% loan? We combine income got 10k Monthly loan payment only 3.3k Our monthly saving above 5k per month This area rental around 1.6k for double storey |
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TSvinlyy P
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Dec 29 2021, 11:01 PM
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New Member
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QUOTE(digitalz @ Dec 29 2021, 12:54 AM) Are you prepared to fork out these? The money from your savings etc? If you don't get 90%, then you will have to fork out even more. max can pay for 15% |
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TSvinlyy P
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Apr 2 2022, 07:32 AM
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New Member
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QUOTE(TryingToSurvive @ Jan 9 2022, 02:59 AM) In the eyes of the bank that 5k is not alot especially for 2 people combined. If this business fails basically nobody will be paying the loan. Because both of you are in the same business and only have extra 5k which is terribly little for 2 people. When you mention above, no choice have to die die buy this house it already shows your plan. You have the choice to rent but u are fixated in buying that house. Especially when the rent only 1.6k but Ur loan payment if u buy will be 3.5k not including the 16% u need for subsale administrative fee and dp. That 16% is 130k rm which is your whole years profit if not more No our annual income around 200k This only what we submit |
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TSvinlyy P
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Apr 2 2022, 08:13 AM
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New Member
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I want buy but I scare loan not approve cannot get back my booking fee
I got around 200k cash
I looking for bank loan for 85% for 950k
It is dangerous I pay for booking fee and submit loan ?
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