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Everybody’s lending and financial needs are different, and yet most of us at different stages of our life find a need to borrow money for all sorts of occasions such as buying a house, starting a business, buying a car or a myriad of other needs. To be truly effective as a money lender adviser we here at HELOAN believe it is important to offer a wide range of services and solutions. We are here to help people with their financing needs, whether they are personal, business or commercial loan. We believe that every financing need that is solved helps someone get ahead and achieve their life goals. HELOAN LOAN SOLUTIONS Commercial Loans Business Loan Personal Loan Cheque Loan Mortgage Loan MORTGAGE LOAN Mortgage Loan means the borrower to a certain degree of collateral materials to ensure the loan to the lenders. It is a kind of bank lending capitalist form of collateral usually consists of securities, a variety of stocks, real estate,transport, as well as the goods bill of lading, gold,watchess or other documentation to prove ownership of the items. Loan maturity, the borrower must be shown with the return, otherwise the lenders have the right processor collateral, as a kind of compensation. Many people plan to refinance such loans as a complementary way,because it's a lowest interest loan in the market. Using this mortgage loans to customers that the period of time the interest rate will not rise. HOW HELOAN WORKS As a licensed money lender we review, accept, fund and service our own loans. Institutionally backed, we can offer exclusive rates & terms that are unavailable to other lenders. Our backing also means we can also provide funding immediately for your personal or commercial needs. We are also committed to making a decision in the shortest possible time. We continually work to improve our customer service so we can provide a tailored loan for each client. Our lenders can wire cash directly to your account in one hour. No waiting is required, we have the highest approval rates around, so go ahead and apply now. We work hard to protect your personal information and privacy. We use encryption technology to ensure transfer of your data is safe. This makes certain that all your personal information is completely protected.

House Financing Facility With Maximum Loan to Value 70%”

Hi Everyone,

We are receiving tremendous request to explain in details for the new ruling “3^rd House Financing Facility With Maximum Loan to Value 70%” .We would like to clear the air with the chaos in the housing loan sector. Here, we provide simple example for this new ruling.

These simple conditions apply:

1) Banks will refer to CCRIS report.

What is CCRIS?

CCRIS is a Bank Negara Malaysia (BNM) sponsored system that supports the functions of the Credit Bureau (CB)

What is CREDIT BUREAU (CB)?

Credit Bureau is a unit established by BNM to collect credit information on borrowers from financial institutions and supplies the information back to financial institutions.

The Credit Bureau does not collect any information on deposits or the investment portfolio of any individual or corporation.

2) Bank will only refer to existing home loan or payslip (for government staff). Bank will not base on Sales and Purchase agreement or ownership of the property.

Example 1 :

Mr A has 3 existing home loan with few banks.

Ms B has only 1 existing home loan with bank.

Now, Mr A would like to purchase a new house with Ms B. Sales and Purchase agreement under Mr. A and Ms B.

Scenario 1:

With an assumption, the new home loan under Mr. A name. The home loan entitlement will be up to margin 70% only. Because, this is Mr A’s 4^th home loan.

Scenario 2:

With an assumption, new home loan under Ms B name only. The home loan entitlement will be up to margin 90%. Because, this is Ms B’s 2^nd home loan.

Scenario 3 :

With an assumption, new home loan under Mr A and Ms B name. The home loan entitlement will be up to margin 70%. Because, this is Mr A’s 4^th home loan.

Example 2:

Mr A has 2 existing home loans with bank. Recently, he sold one of the houses, Sales and Purchase agreement signed. CCRIS still appear this home loan.

Today, Mr A purchased a new house.

If he applied a home loan for the new house, what is the entitlement?

Answer: Up to 70%. Because, it is consider 3^rd home loan. His existing home loan still appears in CCRIS report.

If the home loan no longer appears in CCRIS, then his entitlement for home loan will be 90%.

Example 3:

Mr. A don’t have any property under his name. Basically, he didn’t own any house. But, he has 2 home loans co-joining with his sister and brother. He joined as a co-borrower because both of his brother and sister do not have sufficient income at that moment.

Now, he interested to purchase first house under his name and apply a home loan. What is his entitlement?

Answer : Up to 70%. Since, the new home loan will be 3^rd home loan.

Example 4:

Mr A has 10 houses around Malaysia. All houses are fully paid or buying with cash. Now, he is purchasing a new house and would like to apply for a home loan. What is his entitlement?

Answer: Up to 90%.

*Checked with Ms Norhana from Bank Negara Malaysia ( 1-300-88-5465 )

For more home loan information, please free to contact us

Thank you.

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