“What documents I Need to Prepare when I Apply for Home Loan?”
(In fact, not only a Home Loan knowledge, but also the same list applies when we purchase our Commercial Property)
With assistance from our property agents with our property purchases, liaising with bankers are much convenient today (when we do not have any bankers that we could seek for assistance) – provided that purchasers willing to provide full collaboration as well.
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.
Many may wonder about the above “Overseas Income“.
While our neigbour country are Brunei and Singapore, we tends to have many Malaysian who are working in Brunei and Singapore. Therefore, there are also banks available for loan application for Overseas Income applicants.
As we know, Hong Leong Bank is one of the financial institution who have the said loan application.
Other Supporting Documents
Noticed that many of us have invested our saving to Fixed Deposits/ shares and such that generate interest, these would benefit us when we provide the said statements together when we are proceeding with our loan application.
Why said so? Because these are not categorised as “Expenses”, meaning that part of our income were used as an investment and we have strong cash flow.
That’s all for today’s topic on “Documents for Loan Application”!