Yew Huoi, How & Associates | Leading Malaysia Law Firm

Menu

LOAN APPLICATION – DEBT SERVICE RATIO (DSR) – CREDIT TRUST

How do I improve my chances of getting housing loan from the banks?

There are many factors bank will consider when giving a loan. Here are the steps:

  1.  Start building credit trust by applying for credit card or car loan.
  2. Ensure that your credit card bills, car loan etc are paid on time.
  3. Reduce your debt service ratio (DSR) rating based on this formula:
  4. Reduce your DSR to 80 or below by either reducing monthly debt payments or increase your net income. Depending on the banks you are applying to, some banks only accept DSR 50 or below.
  5. Monthly debt payments can be reduced by :
    • Negotiating with your creditors for alternative payment plans for lesser month payment;
    • Refinancing of property to extend the tenure of repayment;
    • Consolidate your outstanding debt; or
    • Balance transfer of your credit card debt.
  6. Increase your net income
    • Part time job; or
    • Rental of your unoccupied premises.

Every bank maintains its own distinctive policy for loan approval. If you have any difficulty in applying for housing loan or needing help to apply for loan, please do not hesitate to log on to our website by clicking here at YHA Law – Loan Application.

Send us your details and we will get our professional mortgage specialist to understand your needs and apply loan for you.

Back to Latest Legal Updates

Recent Post

NEGLIGENCE – HOTEL LIABILITY: UNVEILING THE LEGAL RISKS IN NEGLIGENCE AND VICARIOUS LIABILITY CASES

In the hospitality industry, the duty of care owed by hotels to their guests is paramount. This legal update explores a scenario where a hotel’s failure to safeguard access to guest rooms leads to tragic consequences. It examines the potential negligence claim against a hotel employee and the broader implications of vicarious liability for the hotel and its owners. Drawing on relevant case law, we delve into the essential elements of negligence and the circumstances under which a hotel can be held responsible for the actions of its staff.

Read More »
9 September ,2024 No Comments

FAMILY LAW – DIVISION OF MATRIMONIAL ASSETS

Many people have this false conception that all assets of the husband including EPF, shares and monies will be divided equally when there is a divorce.
What is the law that governs division of matrimonial assets in Malaysia?

Read More »
9 September ,2024 No Comments

PROPERTY LAW – LEGAL IMPLICATIONS OF SALE AND PURCHASE AGREEMENT BREACHES AND THE RIGHT TO OFFSET IN MALAYSIAN PROPERTY TRANSACTIONS

In the realm of Malaysian property transactions, the intricacies of Sale and Purchase Agreements (SPAs) and the enforcement of Liquidated Ascertained Damages (LAD) play pivotal roles in safeguarding the interests of both developers and purchasers. This article delves into the legal framework governing the rights and obligations of parties involved in property transactions, particularly focusing on the consequences of contractual breaches and the conditions under which a purchaser can exercise the right to offset against LAD. Through the examination of relevant case law and statutory provisions, we illuminate the legal pathways available for resolving disputes arising from the failure to adhere to the terms of SPAs, thereby offering insights into the equitable administration of justice in the context of Malaysian property law.

Read More »
9 September ,2024 No Comments

WINDING-UP – OFFICIAL RECEIVER AND LIQUIDATOR (“ORL”)

In cases of compulsory winding up, the court would appoint a liquidator under s.478 of the Companies Act 2016 (“CA 2016”) to expeditiously recover and realise the assets of the wound-up company for the distribution of dividends to creditors and administer any outstanding matters involving………..

Read More »
9 September ,2024 No Comments

CONSTITUTIONAL LAW – ANTI-TRAFFICKING IN PERSONS AND ANTI-SMUGGLING OF IMMIGRANTS – CONSTITUTIONAL CLASH: EXAMINING LEGISLATIVE OVERREACH IN EVIDENCE LAW – PRIMA FACIE EVIDENCE

This update scrutinizes the constitutionality of Section 61A of the Anti-Trafficking in Persons and Anti-Smuggling of Migrants Act 2007, focusing on whether Parliament violated the separation of powers by defining prima facie evidence, and the judiciary’s role in upholding constitutional integrity.

Read More »
9 September ,2024 No Comments
en_USEN
zh_TWZH ms_MYMY en_USEN
× Contact Us