How Much Loan Can You Get?

[sumaiyakhatun26]

Apply for a Housing Loan
Next, complete all the documents to apply for a home loan and then submit them to the real estate agent or banker. At this stage, there are a few things you need to know.

1) Which Bank Should You Use?
I am a bit biased towards CIMB. This is because the approval process for CIMB bank is fast and the eligibility requirements are not too strict compared to other banks. The bank's profit rate is also competitive, although some banks offer lower rates.

But I also want to mention that if you buy a house with a master australia email list title and it is over 10 years old, not many banks will accept your loan application. Most banks consider this type of property to be risky. As far as I know, only Ambank and Public Bank can do this kind of case.


If you are buying your first home, you can get a financing margin of up to 100%, through the Housing Credit Guarantee Scheme (SJKP). This means that if the house costs RM200,000, you can borrow up to RM200,000.

For a second home, the financing margin is up to 90% of the house price. While for a third home and beyond, it is up to 70%. The bank also provides an additional 5% loan for you to pay for the loan agreement, appraisal and insurance costs.