Debt consolidation Plan

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melbourne10

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goenitz33 said:
About 1k.

Well basically once my funds r less tighter next year as my Reno loan and such r cleared i can look to do refinancing once I am more stable to reduce the interest.
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I see. Ok all the best man. At least you got the approval, positive first step.
 
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Centralcoast

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Suddenly we see more approvals than rejections these days. It was so depressing when I first join in this thread only 4-5 successful applicants
 
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idoitboy

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Hi, do you know if BOC use your monthly salary x 12 to count your annual income or based on the NOA which divide by 12?

Reason is because if use Monthly Salary my DTI is 18.8 but if use NOA then is 15.9.

😏
 
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Carlingford

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melbourne10

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nurinqis said:
thanks for e info...
hhmm now i thinking whether should apply Maybank also as seems their processing is faster...
the waiting part is killing me 😓
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Yeah apply maybank, why not. Can try 2-3 banks at the same time, just hope they don't decide to approve on the same day.

My Citi was submitted after HSBC left me hanging for a few weeks. I got my Citi within 3 business days. Until today I have not received any call back from HSBC lol.
 
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nurinqis

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melbourne10 said:
DTI and DIR are the same thing. Debt to Income Ratio.

Take your Debt and divide it by the NOA amount.

If it's more than 1 then you qualify for DCP (on paper).

But they also look at the CBS rating, and whether you have other loans to service, and lots of other internal criteria that we can only guess at but cannot confirm.
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oh i get it now..
thanks for e info 😊
 
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Centralcoast

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melbourne10 said:
Yeah apply maybank, why not. Can try 2-3 banks at the same time, just hope they don't decide to approve on the same day.

My Citi was submitted after HSBC left me hanging for a few weeks. I got my Citi within 3 business days. Until today I have not received any call back from HSBC lol.
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Strike toto also not so zhun, approved on the same day.lol

Received letter from maybank that they cannot approved my application but still no letter from hsbc.
 
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endorphin

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goenitz33 said:
Just got a confirmation my Maybank sales agent KY via email that my DCP is approved. Should have the official letter once I reach back to Sg 2 weeks later.

CBS rating EE
Noa 42.5
Loan should be abt 72 with another 5% buffer
Tenor 10 years

I will be looking to refinance in another 2-3 years once my finances not so tight
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Wow!! Congrats!!! 😁
 
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ohsoon

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I just went to my CBS report and my report improve from FF to CC. 1 week different!! Since my rating is CC i immediately submit all my documents to Maybank

Finger cross. I with company only 1.5 months do u think they will reject me?
I also send them my appointment letter.
 
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nurinqis

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hi, for those applying Maybank, how to apply? cos I check their website can't find the application form. is it have to sms n wait for them to call back?
 
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