Asked by Anonymous
Hi,I'm currently having a gross income of rm3301, which means my nett income should come up to around rm2905.i've recently placed a booking for a new development of condo in Cheras priced at 580k after developers discount and goodies, as this is my first home, my parent have promise to finance my my down payment and also give me around 150k to help me out.
My question here would be, is it possible for me to secured a 430k loan with my current pay?i don't have any outstanding loan commitment.
I have did a rough calculation, my monthly expense are around rm1200-rm1350 for accomadation,travel, food and other misc bills. Another rm 1000 goes directly to my saving account. Whatever left is used for personal indulgence and to top up my saving.
My question here would be, is it possible for me to secured a 430k loan with my current pay?i don't have any outstanding loan commitment.
I have did a rough calculation, my monthly expense are around rm1200-rm1350 for accomadation,travel, food and other misc bills. Another rm 1000 goes directly to my saving account. Whatever left is used for personal indulgence and to top up my saving.
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thanks for the insight. Does that means it's not possible for me to apply for that amount of loan?
Is there any way around it?
I've did a simple calculation as well based on an anual interest rate of 4.2%, and i have simple number as your, but i've heard that the interest rate usually will fluctuate. may i know how low would the interest rate be at its optimist level?
and does certain bank offer significant lower interest rate from others?
thanks,