Need Advice from LYNians on Apartment Investments
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 Jan 28 2009, 04:48 PM
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#1
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Senior Member
5,220 posts Joined: Jan 2003 
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For a RM2k salary you can only go for a 150k with 10% deposit at the most. For 200k, you need a salary of RM3k. This is taking into account a 30 yr loan.
Estimated repayment for 30 yrs 150k - RM746 per month 200k - RM995.62 per month This post has been edited by DannyOP: Jan 28 2009, 04:49 PM |
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Jan 28 2009, 06:00 PM
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#2
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Senior Member
5,220 posts Joined: Jan 2003
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QUOTE(jasonhanjk @ Jan 28 2009, 05:35 PM) Yup. TS salary will eligible him to buy a low cost flat. wah very good calculation. you are right. It is based on 4.35% since I have the 4.35% chart with me, however there are better rates now from our panel of 15+ banks since BLR has dropped. I tried to apply one but got rejected due to my salary. In the end I lost RM1000 from consent and legal fees. Added on January 28, 2009, 5:42 pm 4.35%?  I like to know. Do you loan 100%? I am buying a 120k property for 100k.  Most of our banks offer up to 90% max so if you're talking about 120k property at 100k then 100% loan is possible. |
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