Restructuring loans and Bank tagging on CCRIS record.

How bad is it? and how much will it affect my future loan applications/refinancing.

Want to reduce the monthly loan repayment thanks to the OPR hikes. But they said that it will cause tagging.

If you can't afford to repay loan, why you took it in the 1st place?

used to be able to afford then life happened. Any further ideas?

what loan are those and how long more to settle ?

opr hikes
shits happen
kena goreng sotong
car brokedown

many reason might happen

Yes

housing loan. Long way to go max 35yrs.

lock-in period is 3 yrs..still got about 2yrs to go

List down all your expenditure and cut it until bare minimum for survival mode.

Instead of restructuring your loan why not work side gig jobs on your free time. How much did the opr messed up your finance until you are thinking of restructuring?

If you are legitimately asking for help please provide the numbers and your monthly income plus spending

This.

How long will the tagging stay there? 1 year? Until loan settled?

Huh????
Please be specify
You house loan still under construction and the loan repayment still under progressive or house already completed and you already take over under VP

Yes already in works for that, I am asking because to understand if i really need to continue living like that or can i re-structure and enjoy paying less for a short period of time.

Not sure what side gig's can i do. Do not have reliable transportation for grab/lalamove. for the time being

according to the banker,until i am willing to go back paying the higher installments, but they havent got back to me yet on how much would that be.

taken VP. Fixing up some defects then want to rent out for the time being.

wait lemme get this straight. You hv a loan you wish to restructure but don't hv a car. Whst was the loan for?

So you got a home loan to rent out?

do the opposite please, pay more so you can tutup that hutang faster, hence lower montly payment in a long run (implying you dont make another hutang)

Sell it.

Op if what you are saying and I think I know what you are saying. You took a loan for a property in hopes the rent helps to pay for the mortgage and the opr increase fucked everything up?

housing loan.

35yrs, already VP. Havent moved in, still doing some defect fixing.

Then things went sour, so plan to rent the place out to cover once the repairs are done. But still need to top up about 800 or so. Long story how things got there in a first place,rather not put that here