Property in Malaysia for sale and rent | Buy, Rent and sell real estate and homes

hi there.
I'm looking for 100% loan for a 260K completed property.Anyone care to share?

Provided that u can get a valuation higher than 260k, say 290k, then u can borrow 90% base on 290k instead of the selling price 260k.
It's quite a hassle as u might need to go thru quite a number of valuers that can give u the highest valuation. But it's part of the learning curve.

Then u hafta make sure the seller is willing to sign the SPA at 290k. Of course you'll hafta bear the additional RPGT (if there's any) and higher legal fees. But at least u get to loan 100%.

I'm now in the final processing phase of owning my 1st no-money-down property too

Izaddin,

Since you're bumi-putra.. its easy to arrange for 100% loan margin. Let get in touch and i will discuss with you further. There are only 2banks offering up to 100% loan. However there are also some criteria to fulfil.

Do drop me a message.

Cheers,
Martin Lau
D'Venture FlexiHome

thanks for the info's.

Hi There,

I read the article as we can apply for full loan if buying a house below RM220K. I am glad to read it. I found some of the agents are not really helping us on this. They insisted to pay 10% deposit or booking on the property. Is this call as 100% loan. There are too many houses for sale but all requires deposit. In my case, i am still young and want to own a house, since need to pay deposit i am wasting my life staying in a rental apartment which cost me more than paying for own house.Is there anyone can really help me with this? Even the bank auction also, requires deposit. Is that mean, i cannot own any house till liaising with agents?

hi Anne,

Yes, you still need to pay at least 2% earnest deposit to book the property and balance 8% once S&P is signed. So, total is 10% and balance 90% from commercial bank.

You also need to take into account in your planning, the legal fees and stamp duty as well as renovation expenses (if the house is a basic unit only). Nowadays, bank offers 90% + upto 5% loan (which includes the legal fees, stamp duty, MRTA/MLTA + related expenses).

My banker told me that one may apply loan from Cagamas Berhad for the 10% downpayment but their interest rate is higher than commercial banks. I believe it should be lower than personal loan and credit card's interest rates (if you ever thought of using these kinds of loans/advances) and you do not have enough fund in your EPF Account 2.

I suggest you contact Cagamas Berhad for more details. Their interest rates and contact details are there.
Good luck!

Cheers,
Jennifer