So for example:

Example A:

If Borrower X have a gross income of RM4K/month and do not own any debts and he wish to borrow RM300,00.00 with 4.5% interest with 30 years term. Can he eligible on that?

1. Gross Income = RM4,000.00
2. EPF 11%= RM440.00
3. SOCSO = RM14.75
4. Net Income = RM4,000 RM440 RM 14.75 = RM3,530.50
5. Repayment = RM1,520 (For RM300K loan)
6. Dept Income Ratio = 45%
7. Maximum Repayment per month = RM3,530.50 x 45% = RM1,588.73
8. Maximum Borrower X can be finance = RM313,552.00

So, for above example, Borrower X are eligible to apply RM300k loan.

Example B:

If Borrower Y have a gross income of RM4K/month and have a car loan of RM500 per month and he wish to borrow RM300,00.00 with 4.5% interest with 30 years term. Can he eligible on that?

1. Gross Income = RM4,000.00
2. EPF 11%= RM440.00
3. SOCSO = RM14.75
4. Net Income = RM4,000 RM440 RM 14.75 RM500 = RM3,030.50
5. Repayment = RM1,520 (For RM300K loan)
6. Dept Income Ratio = 45%
7. Maximum Repayment per month = RM3,030.50 x 45% = RM1,363.73
8. Maximum Borrower X can be finance = RM269,146.00

So, for above example, Borrower Y are not  eligible to apply RM300k loan.

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