Debt consolidation Plan

[CeSaRiO]

Oh really .... this is good news!!!

Congrats bro!

 

[CeSaRiO]

A bit challenging, esp if repayment is 50% of monthly pay

I'm hoping for mine too because the Repayment amount still at 25% of my income.

 

[Crazy12]

Congrats bro!

I hope I can say thank u also bro but still need to get official before anything

 

[CeSaRiO]

I hope I can say thank u also bro but still need to get official before anything

Hahaha ya pantang!

 

[Crazy12]

Hahaha wish me luck !!

 

[Carlingford]

If it's on HSBC 7 yrs tenor it's about 37% of monthly

A bit challenging, esp if repayment is 50% of monthly pay

 

[Crazy12]

Same thing happens to me, a week to get approval letter

If you OCBC card, you can call them, they will tell you suspension due to DCP

Bro so now I just wait for them to call me?

 

[Carlingford]

Call them better lah...Congrats !

Bro so now I just wait for them to call me?

 

[aang1971]

If it's on HSBC 7 yrs tenor it's about 37% of monthly

there are other factors, how long you been there, financial stability of employer n is it fixed income

 

[Carlingford]

Yeah...Almost 5 yrs at present employer (A Jap MNC)...Fixed income

there are other factors, how long you been there, financial stability of employer n is it fixed income

 

[melbourne10]

there are other factors, how long you been there, financial stability of employer n is it fixed income

If take monthly income as (annual income/12), the proposed monthly repayment for me will be 25.6% of monthly income. If take monthly income as actual income before cpf, 30.5%... If actual income after cpf, 38.1%.

So still below the 50% threshold if that is indeed something they keep in mind.

It's the FF rating la, that one is the potential sticking point. But if they look at the actual number it's just a few points below EE.

 

[Louis81]

Approved already....update in system will be within 48 hrs

Congrats bro...spare me some voucher

Really got 2k vouchers?

 

[Louis81]

BOC - aang1971 and crazy12
Hsbc - 1
Citi - 1

So far successful applications

 

[Crazy12]

BOC approve my application Liao... finally can get some sleep

 

[melbourne10]

BOC approve my application Liao... finally can get some sleep

Good one

 

[nuah2002]

BOC approve my application Liao... finally can get some sleep

congrats you can relax liao! just to check.. for non existing customer i got quoted this interest rate when i asked late Jan'17... is it the same? Thanks

Interest Rates*
Loan Tenure Applied Interest Rate Effective Interest Rate
1 – 7 years 9% p.a. From 9.93% p.a.
8 – 10 years 10% p.a. From 10.84% p.a.

 

[Crazy12]

Good one

Just sharing and hope it helps

NOA 80K
Loan 96K
Rating DD
Tenure 7 years
Office name Keng Teck or Thomas. Both very helpful

 

[Louis81]

BOC approve my application Liao... finally can get some sleep

Congrats bro. Now is my turn waiting for BOC.

 

[Crazy12]

Tks all bro.... give u all all the positivity n luck , and hope u all get approve too!!

 

[Louis81]

Tks all bro.... give u all all the positivity n luck , and hope u all get approve too!!

Now is wait for each bank to settle the outstanding and get them to transfer any balance to yr saving account. Buffer