CCRIS, CTOS, Blacklisted by Bank, Whats The different.
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 Mar 25 2015, 09:54 PM
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#1
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Senior Member
1,335 posts Joined: Dec 2010 
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If I going to make a loan from bank, but I got a credit card outstanding balances, let's say 3k. Can I still able to get the loan? Consider the loan is 240k
This post has been edited by ahlin: Mar 25 2015, 09:55 PM |
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Mar 25 2015, 10:47 PM
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#2
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Senior Member
1,335 posts Joined: Dec 2010
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QUOTE(ims2628 @ Mar 25 2015, 10:26 PM) 3k outstanding? you just clear min payment every month? or you didn't pay this outstanding balance for few months already? Need to know your monthly income, others commitment like personal loan, car loan and etc to count your DSR for your home loan. Car loan settled, no other loan. Bought some furniture 2months ago but got keep on repay the debt. If I want I can settle it one shot. Just want to know will I get my loan if I got this outstanding 3k. |
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Mar 26 2015, 12:52 AM
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#3
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Senior Member
1,335 posts Joined: Dec 2010
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QUOTE(ims2628 @ Mar 25 2015, 11:36 PM) Depends on your monthly income and monthly commitment. Without knowing all these information I'm unable to answer your question No other commitment. Only phone bill and unifi. Lol. Salary would be around 3k |
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Mar 26 2015, 11:59 AM
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#4
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Senior Member
1,335 posts Joined: Dec 2010
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QUOTE(yybryan @ Mar 26 2015, 08:26 AM) If your ccris record is good and no bad record in ctos, and u hv no others loan except 3k cc outstanding. Base on yr income, to loan for 240k said for 30 yrs, monthly installment should b around 1k+ which is only 30% ratio of yr income, under normal circumstances, chances for bank to approve the loan is higher. My 2 cent QUOTE(ims2628 @ Mar 26 2015, 08:50 AM) Your salary just enough for your monthly repayment for around 240k house so I will advice you clear all your credit card outstanding before apply for home loan QUOTE(sexualpower @ Mar 26 2015, 11:04 AM) like what yybryan said... Thanks for all the advise. But if I settled the 3k now, won't bank feel suspicious? I read through this thread and found out we can request our CCRIS report through email right? How long will I get the report after I requested? My credit card payment always be punctual just one time bank called me and told me payment due and I make payment immediately. Also, for your information, my father will be my guarantor for this loan.bankers are the one who make a decision based on CCRIS report. based on your salary and current debt, only your payment history will lower your chances. |
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Mar 28 2015, 07:10 PM
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#5
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Senior Member
1,335 posts Joined: Dec 2010
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QUOTE(nujikabane @ Mar 28 2015, 12:36 PM) You bought furniture 3k is using credit card or you go to Courts? if CC, as slong as you repay as per plan okay dy. As for Courts, the loan will not appear in your CCRIS records. QUOTE(sexualpower @ Mar 28 2015, 06:54 PM) actually, if go most outlets, there's another section whereby a record can be shown, if their staff wants to put a person (normally businesses, due to large amount) in that section I'm using CC. What do you mean by plan? Meaning the furniture costs 3k then I repay 3k? Or make the minimum payment before every due date? as for Credit Card, you are right, should be shown Btw, if we call bank and make the 3k sum become installment, how much bank will charge? |
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