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 Recommended
Home Loans |
| Loan Type |
Rate Structure (p.a.) |
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| See Full Loan Table |
See Full Malaysia Banks |
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1st Time Borrower
Let us help you through your loan application
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Refinance
Immediate savings on zero cost package
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e-Apply
Find a suitable loan and apply
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Tools
Various financial tools to help you make correct
decision
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| Money3 Finance Essentials |
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How to Improve Your Loan Approval Chances: Debt Service Ratio
An important consideration for financial institutions in evaluating your
suitability for a home loan is your debt service ratio (DSR). In Malaysia, a
DSR is usually calculated as the percentage of total debt payments over income.
Your debt service ratio represents your ability to service or handle your
current debt. The lower your DSR percentage, the stronger a loan applicant you
are. |
BLR Wears Prada - The case for Fixed Rate Loans
Of the many benefits one gains having being in the home loan industry for many
years, one in particular is a clear insight into how people think when choosing
a home loan. Many factors are in play but none as influential as the “interest
rate” of the loan, usually taken as the indicator of the cost of the loan and
hence a borrower’s ability to afford the said loan. |
How Financial Institutions Assess Your Credit Rating For Home Loan Applications
Financial institutions in Malaysia generally assess the credit rating of
potential borrowers through the Central Credit Reference Information System
(CCRIS) and Credit Tip Off Service (CTOS) or similar type of bankruptcy search. |
How To Improve Your Credit Rating For Your Home Loan Application
If you already have a marred credit history, you must make an effort to repair
past problems and start building good credit history.
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| See More Finance/Home Loan Articles |
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Taking A Home Loan in MalaysiaA
very common mistake is to commit to the purchase of a
property before having clarity on (i) if you qualify for
the loan, and in particular, if you indeed qualify for
the amount you need to borrow to complete the purchase;
and (ii) the terms and conditions that the Lender(s) may
impose and that you can easily meet those conditions,
and (ii) the sum of monthly repayments that you will be
obliged to pay.
Refinance GuideWith
the many competitive home loans products on offer
especially ones that will cover any refinancing costs,
exploring refinancing is a worthwhile investment at any
point in the life of your home loan, to lower monthly
repayments and save you money in the long run as well as
give you the flexibility in managing your cash
flow
Foreigner Home Purchase in MalaysiaThere
are presently no Malaysia Government regulations
prohibiting foreigners and expatriates from taking a
mortgage to assist in the acquisition of Malaysian real
estate. Individual banks determine their respective
policies and lending guidelines in this respect.
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| Islamic Financing |
Profit Distribution
Unlike conventional fixed deposits where interest rates are fixed on placement
of deposits, profits for MGIA are declared on actual profit made on a monthly
basis. In addition, it shall be distributed based on an agreed profit-sharing
ratio between the customer and the bank, determined prior to the placement of
deposits. An important question that arises from this is how the bank shares
its profits with its customers.
Funding of Islamic Banks
Islamic Financing
Bright Future of Islamic Banking |
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| Information Board |
| Exchange
Rates |
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| Mid rates at noon |
16 May |
15 May |
% chg |
| USD |
3.2535 |
3.2725 |
-0.0058 |
| GBP |
6.3357 |
6.3676 |
-0.0050 |
| EUR |
5.0340 |
5.0606 |
-0.0053 |
| JPY 100 |
3.1082 |
3.1165 |
-0.0027 |
| SGD |
2.3664 |
2.3645 |
+0.0008 |
| HKD 100 |
41.7097 |
41.9444 |
-0.0056 |
| AUD |
3.0702 |
3.0452 |
+0.0082 |
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| See
Latest Rates |
| Interest
Rates |
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| Central Bank |
Rates |
| US |
2.00% |
| UK |
5.00% |
| Japan |
0.50% |
| Australia |
7.25% |
| European |
4.00% |
| Malaysia |
3.50% |
| China |
7.47% |
| New Zealand |
8.25% |
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| See
Latest Rates |
| Lender's
Base Lending Rate |
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| Wednesday, 27 Feb 2008 |
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| Rate Type |
Rates |
| Base Lending Rate (BLR) |
6.75% |
| Base Financing Rate (BFR) |
6.75% |
| 3-month Kuala Lumpur Interbank Offered Rates (KLIBOR) |
3.61% |
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| Kijang
Emas |
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| 16 May 2008 |
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| Size |
Sell (RM) |
Buy (RM) |
| 1 oz |
3,034 |
2,939 |
| 1/2 oz |
1,545 |
1,469 |
| 1/4 oz |
787 |
735 |
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me more |
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