Need help with home loans?



Hi Everyone,

We are receiving tremendous request to explain in details for the new ruling  “3rd House Financing Facility With Maximum Loan to Value 70%”  .We would like to clear the air with the chaos in the housing loan sector. Here, we provide simple example for this new ruling.

These simple conditions apply:

1)     Banks will refer to CCRIS report.

What is CCRIS?

CCRIS is a Bank Negara Malaysia (BNM) sponsored system that supports the functions of the Credit Bureau (CB)



Credit Bureau is a unit established by BNM to collect credit information on borrowers from financial institutions and supplies the information back to financial institutions.

The Credit Bureau does not collect any information on deposits or the investment portfolio of any individual or corporation.

2)     Bank will only refer to existing home loan or payslip (for government staff). Bank will not base on Sales and Purchase agreement or ownership of the property.

Example 1 :

Mr A has 3 existing home loan with few banks.

Ms B has only 1 existing home loan with bank.

Now, Mr A would like to purchase a new house with Ms B. Sales and Purchase agreement under Mr. A and Ms B.

Scenario 1:

With an assumption, the new home loan under Mr. A name. The home loan entitlement will be up to margin 70% only. Because, this is Mr A’s 4th home loan.

Scenario 2:

With an assumption, new home loan under Ms B name only. The home loan entitlement will be up to margin 90%. Because, this is Ms B’s 2nd home loan.

Scenario 3 :

With an assumption, new home loan under Mr A and Ms B name. The home loan entitlement will be up to margin 70%. Because, this is Mr A’s 4th home loan.

Example 2:

Mr A has 2 existing home loans with bank. Recently, he sold one of the houses, Sales and Purchase agreement signed. CCRIS still appear this home loan.

Today, Mr A purchased a new house.

If he applied a home loan for the new house, what is the entitlement?

Answer: Up to 70%.  Because, it is consider 3rd home loan. His existing home loan still appears in CCRIS report.

If the home loan no longer appears in CCRIS, then his entitlement for home loan will be 90%.

Example 3:

Mr. A don’t have any property under his name. Basically, he didn’t own any house. But, he has 2 home loans co-joining with his sister and brother. He joined as a co-borrower because both of his brother and sister do not have sufficient income at that moment.

Now, he interested to purchase first house under his name and apply a home loan. What is his entitlement?

Answer :  Up to 70%. Since, the new home loan will be 3rd home loan.

Example 4:

Mr A has 10 houses around Malaysia. All houses are fully paid or buying with cash. Now, he is purchasing a new house and would like to apply for a home loan. What is his entitlement?

Answer: Up to 90%.

*Checked with Ms Norhana from Bank Negara Malaysia ( 1-300-88-5465 )

For more home loan information, please free to contact us

Thank you.

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By | 2017-08-10T17:39:11+00:00 November 5th, 2010|Bank Interest rates, Contact Us, Latest Article/News|5 Comments


  1. Zul November 28, 2010 at 4:44 am


    I have 3 joining loan with my wife . We plan to refinance one of existing mortage ( we taken on 2007 ). So, can we get 90% or just 70% only as per BNM new rules?

    need your advise.


  2. kok December 8, 2010 at 6:18 am

    what is Mr A has 1 joint home loan a/c with sibling. Ms B has also 1 joint home loan a/c with sibling.
    Now Mr A and Ms B want to get a home loan, is it consider third loan or second loan?

  3. Clarence Bak December 17, 2010 at 3:00 pm


    I’m a government servant who is eligible to borrow up to 240k for a housing loan from the government.

    I already have 2 housing loans and would like to apply the government loan for my 3rd house. Would I be approved 70% financing or up to 240k?

  4. saravanan January 2, 2011 at 11:06 am

    Is guarantor is also consider a browwer or co-joinning ?

    • Melissa January 6, 2011 at 3:26 pm

      Dear Saravanan,

      I had PM you.TQ.

Comments are closed.