While booking a house is easy, with merely a booking fee from RM100 (depends on projects), we will be going for the application of bank loan if we are not opt for Fully Cash Payment.
To proceed with loan application, there’s sets of documents that we should prepare and forward to the property agent (on behalf of purchaser) or direct to the bank officer for our new purchase.
We shall categories our applicants into five (5) types :
i) Employee (Salary Earner)
ii) Commission / Dividend Based
iii) Self Employed / Business Owner (Sole Proprietor / Partnership)
iv) Business Applicant (Sdn. Bhd.)
v) Overseas Income (Singapore / Brunei)
Here’s a compilation by referring to few banks and stated with the list of documents that we should prepare. And take note that if we have invested our income as part of saving plan, this is the time to prepare when we purchase a property too!