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livingmonolith
post May 16 2008, 01:46 AM

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hahaha, very ambitious indeed, but you really lack some research. like ttwangsa said, do some loan calculations using any free websites in the world wide web.

if you plan to pay 10% (50k), and planning only to get a loan tenure of 30 years with say 6% interest rate, you need to pay back ~RM3000 to the bank every month. that means deducting the max you can get from rental monthly, you still need to fork out ~RM1000 personally and pay back to the bank.

but the most important thing is, do you have a salary of RM10k per month? if not, i don't think you'll be eligible for any loans anyway. most banks look at your monthly pay and offers if the monthly installment is 33% or less of your monthly pay.

This post has been edited by livingmonolith: May 16 2008, 01:47 AM

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