getting loans

[JuJu]

now that all the banks are tighten their loans, what are the basic criterial of having a high chance of getting a loan?

[HalcyonVI]

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.

[JuJu]

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

[HalcyonVI]

I mean 33% of the combined income of all borrowers. The 33% includes all other instalments like car loans, education loans etc

[irng]

i heard that maybank and RHB offered the lowest interest for reno loans. anyone check on that before?