View Full Version : getting loans

3rd January 2009, 09:11 AM
now that all the banks are tighten their loans, what are the basic criterial of having a high chance of getting a loan?

18th February 2009, 04:28 PM
Mortgage lenders normally look at your debt servicing ability. A good rule of thumb is that your monthly instalments should not be more than 33% of your income. Normally the lower the percentage, the higher your chance of getting a loan.

19th February 2009, 10:52 AM
when you said monthly installment not exceeding 33% of your income that means:

1. household or personally if you are getting a home loan
2. 33% only on that particular loan or all other form of installments
3. what does other forms of monthly installments includes

4th March 2009, 06:42 PM
I mean 33% of the combined income of all borrowers. The 33% includes all other instalments like car loans, education loans etc :)

3rd August 2009, 08:44 AM
i heard that maybank and RHB offered the lowest interest for reno loans. anyone check on that before?