Joyline Chai in Finance

In the beginning of the year, we find that more people are still deciding on BLR (Based Landing Rate) or Fixed rates home loan.

As the series of hikes increased, many people are starting to be concern about rising BLR and are opting for Fixed rates home loan.

This is coupled with many financial uncertainties such as : increasing BLR, subsidies cut, implementation of Goods Services Tax, rising prices of goods, inflation, global market uncertainties, financial stability comes precedence.

According to RHB Market Research, they apparently expect another round of increase in early 2011 by another 50 to 75 basis point.

Do you know:

There is a tremendous change in the banks’ interest rate offer for Home Loan within the last 6 months…..

2006     6.75% (BLR)

BANK’s  Rate AIA

2009      BLR – 2.6%   =  2.95% (floating)            4.99% (Fixed 30 years)

5.55%

2010      BLR – 2.2%  =  3.60% (floating)               4.99% (Fixed 30 years)

March   5.80%

2010      BLR – 1.9%   =   4.15% (floating)             4.99% (Fixed 30 years)

May        6.05%

2010      BLR – 1.8%   =   4.50% (floating)            4.99% (Fixed 30 years)

July        6.30%

———————————————————–

BLR has increased 3 times, from 5.55% to 6.30% to date.

Do you have an existing loan?  Did the bank adjust your loan installments upward…?

If no, or not sure….. then it’s time to call us, for a complete re-evaluation of your loan on how much you are losing in interest payable….. (for you can lose hundreds of thousands in Ringgit without realizing it as you continue to pay the same installments.)

Last call, time to lock-in our AIA fixed rate Home Loan of 4.99% for a real peace of mind, as we do not know how long this lowest fixed rate can hold.

Call ME now, for a free non-obligatory evaluation of your current home loan.
Joyline Chai

AIA Mortgage Loan

H/Phone : 012 – 483 7398

Introduction
Buying a house is an exciting event. It will probably be the biggest purchase you will ever make in your life. Understanding the steps involved in securing a housing loan will help you save time and avoid uncertainty and anxiety.

This information in the following pages will give you an insight into the various issues on financing a house and outlines the major steps in the overall process of financing a house. It guides you through the basics, explains the technical terms and gives you invaluable tips on financing a house.

介绍
买房子是一个令人兴奋的事件。这将可能是在您的生活中您将作的最大的购买。而您必须知道如何确保房屋贷款将帮助您节省时间和避免不确定性和焦虑所涉及的步骤。

这在下面的网页信息将会让您深入了解房子贷款和再融资的各种问题，并概述在融资房子的整个过程中的主要步骤。它会引导你的基础知识，技术名词解释，让您掌握宝贵的房子的融资技巧。

Buying a House
Buying a house is a major step, so it deserves careful thought and planning. If you are buying a property under construction, you should check the background of the developer. You should ensure that the developer:

* Has a valid license issued by the Ministry of Housing and Local Government which is still in force (not expired)
* Has a valid advertising and selling permit issued by respective local authority which is still in force

You have the right to enquirer from the developer, information on licence and permit. You can also refer to the Ministry of Housing and Local Government for further clarification. A developer with a good track record reduces the risk of the project being abandoned.

买房子
买房子是一个重大的步骤，因此值得认真思考和规划。如果你是购买正在建造中的房子，你应该检查发展商开发背景。您应该确保发展商：

*拥有由房屋及地方政府发出的有效许可证是和确定此证仍然有效（未过期部发布）
*拥有各地方当局发出的有效宣传和销售准证，确保此许可证仍然有效

您有权询问发展商，牌照及许可证的信息。您也可以向房屋及地方政府部作进一步澄清。一个拥有良好的纪录开发发展商将会降低了项目被遗弃的风险。

What can I Afford?
Before you commit to purchase a property, you should first work out a budget to help you determine how much you can afford and the ceiling price on any property you may wish to buy. As a guide, your monthly commitments on paying instalments for your house, car and other payments should not exceed 1/3 of your gross monthly household income.

Your source of funding can be all or any combination of the following:

* Savings
* Withdrawal from Employee Provident Fund (EPF) account
* Loan facility from a financial institution

我能负担得起吗？
在您提交购买物业，您应该先制定出预算，以帮助你确定你能承受多少以及对任何财产，您可能希望购买的上限价格。作为一个指南，为您的房子，汽车和其他款项支付分期付款每月承诺应不超过您的总住户每月收入的三分之一(1/ 3)。

你的资金来源可以是全部或任何以下组合：

*储蓄
*退出雇员公积金局（EPF）帐户
*从金融机构贷款设施

Savings
You should have sufficient personal savings to pay for the downpayment and other related costs associated with buying a house. A good estimate would be about 10%-20% of the purchase price as down – payment and another 3%-5% for related costs, such as legal fees and stamp duties.

储蓄
您应该有足够的个人储蓄来支付首期及买房子有关的其他有关费用。一个好的估计将约为10％-20作为购买价格下降％ – 金，另外3％-5相关费用，如律师费，印花税。

EPF Savings
You could also withdraw from your Account 2 to make the initial downpayment. Please contact your nearest EPF office to inquire about your withdrawal eligibility.

公积金储蓄
您也可以从您的帐户2拿出部分公积金当您的首期。请联系离你最近的公积方案办公室，询问你的取资资格。

Choosing your Financial Institution
You should shop around before you decide on any financial institution. Remember that when you take up a housing loan, you will be dealing with the financial institution on a regular basis for a period of time. Therefore, you should also consider factors other than just interest rates. Below are some of the factors you should consider:

* How professional is the financial institution in dealing with customers?
* Does it offer quality service in terms of efficiency and reliability?
* What are the available loan packages and which package suits you best?
* What are the charges involved?
For example, legal fees, related government fees and charges, disbursement fees and others. You should also be informed when and how often these charges are to be paid

An innovative financial institution may offer a more suitable loan package that suits your needs and their application process may be faster and hassle-free. It usually takes about one to two weeks for your loan application to be approved from the time you submit all relevant documentation.

选择您的金融机构
您应该货比三家，然后再对任何金融机构决定。请记住，当您拿起一个住房贷款，您将在一段时间内与金融机构作定期处理。因此，你也应该考虑因素不只是利率等。下面是你应该考虑一些因素：

*此金融机构的专业操守与客户服务？
*是否提供效率和可靠性方面优质的服务？
*什么可用的贷款的套件包最适合你？
*收费多少？
例如，律师费，有关的政府收费，支付费用等。您也应该被告知这些费用的支付的时间和频率

一个创新的金融机构可以提供更合适的贷款方案适合您的需求，其应过程可能会更快和轻松的。你贷款申请通常需要约一至两个星期的时间做出由您提交的所有有关文件的核查与批准。

Loan Applications: Documents Required
You need to provide the following basic documents before the financial institution can process your loan application:

* A photocopy of identity card or passport
* Your latest 3 months’ salary slip
* Your latest income tax return form (Form J) or EA form
* Sale and Purchase Agreement/deposit or booking receipt/letter of offer from the housing developer
* A photocopy of the land title (if any)
* The latest bank statements (compulsory in the absence of salary slips and/or Form J/EA Form) dating back six months/savings passbook/fixed deposits
* Valuation report for completed houses and/or
* If you are self-employed, you need to provide your business registration documents, latest 3 months bank statements, latest financial statements and other supporting documents to support your income

However, some financial institutions may require additional supporting documents.

Upon acceptance of the letter of offer, you will need to appoint a lawyer to draw up the loan documentation for you. Normally, you would select your lawyer from a list of panel lawyers provided by your financial institution. Some of these documents need to be submitted to the relevant government authorities for registration and to the Stamp Office for stamping.

Upon completion of the above, these registered documents are then submitted to the financial institution and you will be given a copy of the Loan Agreement. In general, the time frame for the completion of this legal process should not exceed 6 months.

贷款用途：所需文件
您需要提供以下之前，金融机构的基本文件可以处理你的贷款申请：

*有身份证或护照复印件
*您最近3个月的工资单
*您最新的所得税申报表（表J）或EA的形式
*买卖协议/存款或预订收据/信从开发商提供的房屋
*一个土地所有权（如果）的影印本
*最新的银行对账单（在没有强制性的工资单和/或表格J / EA的表格）可追溯到6个月/储蓄存折/定期存款
*已完成房屋估价报告和/或
*如果您是自雇人士，你需要提供你的商业登记文件，最近3个月的银行对账单，最新的财务报表和其他证明文件来支持你的收入

然而，一些金融机构可能需要额外的证明文件。

一旦接受了要约信，你将需要指定一名律师为你起草贷款文件。通常，你会选择从一个律师小组由您的金融机构提供的律师名单。这些文件有一些需要提交的有关政府部门登记和印花税署加盖印花。

在上述完成后，这些注册文件，然后提交给金融机构，你会得到一个贷款协议的副本。在一般情况下，为完成这一法律进程的时间表不应超过6个月。

Fees and Charges
There are also related costs such as professional fees and government charges that you would have to pay. Below are some of the common fees and charges you would expect to incur:

Sales & Purchase Agreement/Tranfer/Financing
First RM150,000     1% (minimum fees of RM300)
Next RM850,000     0.7%
Next RM2,000,000     0.6%
Next RM2,000,000     0.5%
Next RM2,500,000     0.4%
Excess RM7,500,000     negotiable (not exceeding 0.4%)

Please note that the type of charges and the amount charged might change in the future. You should meet with your financial institution’s loan officer for further advice and discussion regarding any questions that you may have concerning the type of fees and legal services.

费用及收费
您将还有不得不支付相关的费用如专业收费和政府收费付。以下是一些您将会承担常见的收费：

销售与购买协议/转让/融资
首RM 150，000                  1％（最低收费仅350林吉特）
下一个RM850，000          0.7％
下一个RM2，000,000       0.6％
下一个RM 2，000,000       0.5％
下一个RM2，500, 000      0.4％
超额RM 7,500,000            可磋商（不超过0.4％）

请注意，收费种类和收费数额可能会改变。您应该与您的金融机构的信贷人员作进一步咨询和讨论有关的任何问题，和您可能涉及的费用和法律服务的类型。

Assessing your Loan Repayment Capacity
A common criterion is that your monthly loan installment repayment should not be more than 1/3 of your gross monthly household income. If you have savings or fixed deposits, they can be used to support your loan application as financial institutions may take them into account in evaluating your eligibility. Different financial institutions have different criteria in calculating the repayment capacity. In the case of a floating rate loan, you should also note that your monthly repayment may increase substantially when interest rates go up.

For example, when there is an increase in the Base Lending Rate (BLR), the interest rate on your loan will also go up, and your repayment would be higher. However, in most cases, financial institutions would allow you to pay the fixed amount of monthly repayment throughout the loan tenure and would make any adjustment caused by the variation in interest rate by increasing or shortening the loan tenure. You should check this out with your financial institution.

评估您的贷款还款能力
每个人需要注重的是共同的标准是，每月贷款还款不应该超过你的家庭每月总收入的三分之一 (1/3)。如果您有储蓄或定期存款，可以用于支持您的金融机构申请贷款时的评价资格。不同的金融机构在计算还款能力不同的标准。在一个浮动利率贷款的情况下，你也应该注意，您每月还款时，可能会提高利率大幅上升。

例如，当有一个基本贷款利率（最优惠利率）提高，对你的贷款利率也将上升，而您的还款会更高。然而，在大多数情况下，金融机构将允许您在整个贷款期间支付的每月固定还款金额，并会作出的，利率变动造成的增加或缩短贷款任期任何调整。您应该检查此与您的金融机构进行。

Margin of Financing
The amount of financing provided by a financial institution depends on the market value (for completed properties only) or purchase price of the house, whichever is lower. The margin of financing could go as high as 95% of the value of the house.
It is assessed on factors such as:

* Type of property
* Location of property
* Age of the borrower
* Income of the borrower

保证金融资
由金融机构提供的融资额取决于市场价值（只鉴于已落成物业），或购买房子，无论是价格较低。融资的保证金可以去高达95％的房子的价值。
它是评估因素，如：

*类型的财产
*位置的财产
*借款人的年龄
*借款人的收入

Loan Tenure
The length of a loan can range anytime up to 30 years or until the borrower reaches age 65 (or any other age as determined by the financial institution), whichever is earlier.

贷款使用权
贷款的期限可以随时到30年，或直至满65岁的借款人（或任何其他年龄由金融机构确定），以较早者为准。

Loan Features
Each financial institution packages its housing loans differently. You should examine all the features of a loan package and not just base your decision on any single feature. Pricing is just one consideration; other features like flexible repayment terms could balance the scale or even translate into greater loan savings. Financial institutions generally offer housing loan packages either in the form of a term loan, overdraft, or a combination of a term loan and overdraft.

贷款的特征
各金融机构的房屋贷款有不同的配套。你应当审查贷款计划的所有功能，而不只是你的基础在任何单一特征决定。价格只是其中一个考虑，像其他功能灵活的还款期可以平衡的规模，甚至更大的贷款转化为储蓄。金融机构一般提供无论在定期贷款，透支，或定期贷款和透支房屋贷款相结合的形式封装。

Common Housing Loan Packages Offered by Financial Institutions
* Term Loan
o A facility with regular predetermined monthly instalments. Instalment is fixed for period of time, say 30 years
o Instalment payment consists of the loan amount plus the interest
* Overdraft facility
o A facility with credit line granted based on predetermined limit
o No fixed monthly instalments as the interest is calculated based on daily outstanding balance
o Allows flexibility to repay the loan anytime and freedom to re-use the money
o Interest charged is generally higher than the term loan
* Term Loan and Overdraft combined
o A facility that combines Term Loan and Overdraft. For example, 70% as term loan and 30% as Overdraft
o Regular loan instalment on the term loan portion is required
o Flexibility on the repayment of overdraft portion

普通住房贷款的金融机构提供的软件包
*定期贷款
o一个预定的每月定期分期设施。分期是固定的一段时间，例如30年
Ø包括分期支付的利息加上贷款额
*透支设施
o一个信贷额度的基础上给予预定的限制
o否作为计算的利息是每日余额每月固定分期
Ø允许灵活性，以偿还贷款和自由随时重新使用的货币
Ø收取利息一般较长期贷款更高
*定期贷款和透支相结合
o一个设施，结合定期贷款和透支。例如，70％的长期贷款和30％的透支
澳长期贷款部分的贷款分期付款须定期
对透支部分还款灵活性

Daily Rests VS Monthly Rests
Financial institutions may charge you interest either on daily rests or monthly rests depending upon the products offered. In the case of daily rests, the loan interest is calculated on a daily basis, while in the case of monthly rests, interest is calculated once a month based on the previous month’s balance. Under both types of loan, the principal sum immediately reduces every time a loan installment is made.

每日利息vs每月利息
金融机构可能会根据所提供的产品收取对你作出在于每日利息或每利息的条件。在每日利息的条件下，贷款利息是每天计算，在每月的利息，利息计算将会以一次比上一个月的平衡为基础的一个月。在这两种类型的贷款，本金立即降低每一笔贷款分期付款的时间。

Payment Scheme
A graduated payment scheme allows lower instalment payments at the beginning of the loan but this will gradually increase over time. This type of payment scheme will help house buyers to reduce burden of loan repayment for the first few years and allow them to allocate more money for other purposes. Over time, as earnings of house buyers increase, their repayment capabilities will also increase thus allowing higher repayment instalments at a later stage.
A graduated payment scheme is also suitable for a house buyer who wishes to purchase a more expensive house but is restricted by his/her repayment capability during the initial years.

付款计划
增值付款计划将允许贷款的开始，以最低利息开始作出付款，但是这会随着时间的推移逐渐增加低分期付款。这种付款计划，将有助于减轻购房者在最初几年的还款负担，让他们拨出更多的钱用于其他用途的类型。随着时间的推移，作为购房者增加收入，他们的还款能力还将增加从而使在稍后阶段较高的还款。

增值付款 计划也是适合于购房者谁愿意购买更昂贵的房子，因为在最初几年，他/她的还款能力受到限制。

Prepayment Flexibility
Different financial institutions may have different terms and conditions imposed on prepayments. Check the loan package to see if it allows you the flexibility to make prepayments or extra payments. Flexibility to make prepayments and paying interest on a daily rest basis, may help save considerable interest charges. It is also possible to start repayment of the loan during the construction of the house, thus saving more interest charges. What is important is to make prompt monthly repayments.

预付还款灵活
不同的金融机构可能有不同的条款及预付款项规定的条件。贷款包检查，看看它允许您灵活地作出预付款或额外款项的灵活性，使预付款项及支付每天休息的基础上的利益，可以帮助节省大量的利息费用。它也可以在开始建造的房子还款，从而节省更多的利息费用。最重要的是要及时按月还款。

Partial Prepayment of the Outstanding Loan
Many borrowers find it useful to shorten the loan tenure by making partial prepayments with surplus savings or annual bonus. Partial prepayments can be in any amount. However, some financial institutions may impose restrictions on the amount to be pre-paid while others may impose a penalty. It is extremely effective in reducing the interest charges you would have to pay if prepayments are made during the early years.

部分预付还款与未付贷款
许多借款人发现它有用缩短决策与储蓄余额部分预付款或年度奖金贷款任期。部分预付款项可以在任何金额。然而，一些金融机构可以对数额，预付费，而其他人可能判处刑罚的限制。，如果您提早预付你的贷款，这是非常有效地减少利息费用。

Early Termination Penalty
Financial institutions may impose a penalty on full repayment of loan. Generally, the penalty imposed can either be a flat rate or an ‘x’ number of months’ of interest (e.g. 1 month’s interest). This is because when a loan is granted for a certain term, the financial institution would expect the loan to be repaid over the period agreed and has planned their cash flow on this basis. An early termination of the loan would therefore disrupt the financial institution’s cash flow planning. As such, some financial institutions do not charge a penalty if sufficient notice is given (as stated in the terms and conditions of the loan) or if the settlement is made after the required minimum period to maintain the loan with the financial institution has passed.

提前结束贷款罚款
金融机构可以对全部偿还贷款的罚款。一般来说，刑罚可以是一个或一个划一的’X'的月利息’（如1个月的利息）的数量。这是因为当贷款给予一定期限的，金融机构贷款预计将超过期间偿还其同意并已计划在此基础上的现金流。一个提前结束贷款罚款因此扰乱金融机构的现金流规划。因此，一些金融机构不收取罚款，如果给予足够的通知（如在贷款条款及条件所述）或结算后所需的最低期限为维持与金融机构的贷款已经过去了。

Documentation
The primary documentation involved in applying for a housing loan is the loan agreement.

A Loan Agreement is a contract signed between the buyer and the financial institution. A Loan Agreement contains major provisions such as the terms of the loan, principal sum of the loan, interest rates, default interest rate, penalty charges and repayment terms. It also sets out the duties of borrower and the lender and in the event of default, the rights and remedies of each party.

The other common legal documents that you may need to sign are Deed of Assignments, Charge documents and Power of Attorney.

Remember that throughout the tenure of the loan, your property is charged to the financial institution (i.e. the financial institution has a claim over your property). Whether you are buying a completed property or a property under construction, you should obtain an explanation from the attending lawyer on the major clauses of the agreement and the implications of each clause.

文档
主要的文件，在住房贷款申请涉及的贷款协议。

贷款协议是买方和金融机构签订了合同。贷款协议包含诸如贷款，贷款，利率，违约利息率，罚款收费及还款本金的条款主要规定。它还规定了借款人职责，贷款人在违约事件的权利和每一方的补救措施。

其他常见的法律文件，您可能需要登录是作业，收费文件和授权委托书契约。

请记住，在整个贷款期间，你的财产是记入金融机构（即金融机构有超过你的财产索赔）。无论您是购买正在建造中完成财产或财产，你应该得到一个从该协议的主要条款和各条政策的影响将参加律师解释。

Valuation Report
This documentation may be required if you purchase a fully completed property from a house owner. The financial institution will appoint a property valuer from its panel of valuers to appraise the property. The valuation fee for this service starts from a few hundred ringgit upwards, depending on the value of the property and you will be charged for this service.

估价报告
如果您所购买的房屋是已建设完整或向屋主购买其屋，你将需要一份估价报告。金融机构将任命其估价小组由物业估价师，评估的财产。对于这项服务的估价费将从几百令吉以上计算，这取决于该财产的价值，你将负责支付这项服务的收费。

Insurance
It is extremely important to take insurance coverage when you purchase a house. The most important factor is that it gives you and your loved ones peace of mind, in the form of financial security if an unfortunate event should occur.
There are two important insurances to consider:

* The House Owner/Fire Insurance policy
This policy provides coverage for your property against natural disasters such as flood, fire, riot, strike and malicious damage. For properties with strata titles such as apartments or condominiums, you need not buy the insurance because the Management Corporation (MC) would have taken up insurance on the entire building. You should ensure that you obtain the sub-certificate of the Master Policy issued by the insurance company from the MC and present it to the financial institution. This is necessary so that the financial institution is aware that the property has been insured and will not buy another fire insurance on your property. In such a case, you will be required to assign your rights under the policy to the financial institution.
* The Mortgage Life Assurance or MRTA
This type of policy provides for full settlement of the outstanding balance of the housing loan with the financial institution, in the event of total permanent disability or death of the borrower. Premiums can usually be included in the loan amount, and the repayment period of the premium is usually spread over the loan tenure. The premium is only incurred once. There are no monthly or yearly premiums to be paid. In the event of early termination of housing loan, you will generally have the option to request for a refund of the premium for the balance of the unexpired period or to continue the insurance coverage.

Financial institutions have their own panel of insurers and most of them can arrange insurance on your behalf with the annual premium charged to your loan account.

保险
这是极为重要的是采取保险当您购买的房子。最重要的因素是，它为您和您的亲人安心在金融安全形式，如果一个不幸的事件应该发生。
保险有两个重要的考虑：

*屋主/火险
这项政策规定，您对诸如水灾，火灾，暴动，罢工和自然灾害的恶意破坏财产的范围。对于如公寓或公寓阶层标题属性，您不必购买保险，因为管理公司（管委会）将采取行动对整个建筑物的保险。你应该确保你获得的子主由保险公司签发的证书和三菱商事政策提交给金融机构。这是必要的，这样的金融机构意识到，财产已经投保，也不会买你的财产另一个火灾保险。在这种情况下，你将被要求在指定的金融机构的政策的权利。
*按揭人寿保险或革命运动
这种类型的政策规定，对房屋贷款的金融机构未偿还余额全额结算，总永久性残疾或死亡时的借款。保费通常可以包括在贷款额和还款期的保费通常在贷款任期蔓延。保险费是只发生一次。有没有每月或每年应支付的保费。在对住房贷款提前终止时，您将可以选择一般要求一对为未到期或继续保险覆盖面的平衡退还保险费。

金融机构有其自身的面板保险公司，其中大部分可以安排你与你的贷款帐户中扣除年保费的名义保险。

Loan Disbursement
The financial institution disburses (pays out) the loan once it has received advice from its lawyer that the legal process has been completed and the loan documents are in order. At this time you will be informed of the date and amount of the first installment you have to make.

贷款发放
当金融机构已收到了律师的意见通知其法律过程和贷款文件已经完成，它将分发（付给）其贷款于借款人。以便通知您的借款日期和第一批释放的数额。

Rights and Duties of the Borrower and Financial Institution
Both borrower and financial institution have certain rights and duties during the course of the loan. Some of the more important ones include:

RIGHTS
1. Borrower
* Right to have access to all information that would affect your borrowing decision
* Right to be treated professionally, courteously and without prejudice
* Right to be consulted on changes to the terms and conditions of your loan
* Right to have accurate information on a regular basis on your loan account
* Right to enforce legal action in the event of a breach of contract

2. Financial Institution
* Right to have full relevant disclosure of information on borrower’s credit standing
* Right to correct and truthful information on the borrower
* Right to timely repayment of interest/ instalments of the loan
* Right to enforce legal action in the event of default/breach of contract

DUTIES
1. Borrower
* Duty to read and understand all terms and conditions of the loan
* Duty to observe the terms and conditions of the loan at all times
* Duty to enquire and get clarification on all aspects of the loan to their satisfaction
* Duty to make prompt payment on the fees, charges, interest and installment of the loan

2. Financial Institution
* Duty to discharge borrowers’ obligations as described in the loan agreement
* Duty to consult borrowers on any changes made to the terms and condition, fees charged and other relevant information
* Duty to attend to all queries made by borrower

权利和义务的借款人与金融机构
借款人及金融机构都已经在贷款过程中的某些权利和义务。较重要的一些包括：

权利
1。借款人
*有权获得的所有资料，将影响您的借贷决定
*有权得到专业，礼貌和不妨碍
*有权被征询的条款和条件的变化对您的贷款
*有权利对你的贷款帐户定期准确的信息
*强制执行权的违约事件采取法律行动

2。金融机构
*有充分的权利对借款人的信用信息披露的有关常设
*有权更正并在借款人真实信息
*权利益及时偿还贷款/分期付款
*执行权的违约事件采取法律行动/违约

职责
1。借款人
*职务阅读并理解所有条款及贷款条件
*责任时刻遵守的条款及条件的贷款
*职务查询并获得对他们的满意度贷款的所有方面澄清
*职务就迅速支付的费用，收费，利息及分期贷款

2。金融机构
*借款人履行职责的义务中所述的贷款协议
*咨询的责任作出任何条款和条件变化的借款人，收取的费用及其他相关信息
*职务出席由借款人提出的所有疑问

Joyline Chai will be to provide invaluable assistance, and clarify issues which you are unsure. Take the time to discuss your housing loan questions with me at length so that you can choose a loan facility that best suits your needs.

Joyline Chai将提供宝贵的意见，并澄清您所不确定的问题。希望您能花费少许时间来详细讨论您的房屋贷款问题，以便我可以提供你，最适合您所需要的贷款选择。

email: joylinechai@gmail.com

Finally I got my passport renewed~!!! Due to tight schedule to Gold Coast, I need to get my passport renewed to enable me to apply for Visa in time.

The Immigration opens at 7.30am but I was too lazy to go so early. I reached there around 9am and surprisingly no long queue.

5 years ago, I took my passport photo at the immigration’s panel shop and this year I prepare nothing and just walk to the shop for taking photo. But, immediately I feel regret. Look at the queue~~!

After I get everything done, I just take the number and wait for my turn.

Once they got my thumb print and submission form with my payment, I was issued a receipt and stated that I have to come back at 12pm (two hours from the payment time) to collect my passport.

When I came back at 12pm, I just need to wait for 5 minutes after I got my number and here I am with my brand new passport to GOLD COAST~~ =)

DISCUSSION ON MALAYSIAN PASSPORT FEES

I understand that a lot of people were not happy with the Malaysian Passport Fees. A lot of people have been complaining about the affordable price of the Malaysian Passport fees.  Actually the passport fees is weighing against per capita income.

Back to the 80s, that was the most successful time for Malaysia as our economy hit the high point after the recovery of the 1986’s economic wave issue. Since on, our government had stated the passport fees to be standardised at RM 300 for 32 pages.

Unfortunately, our economic has been turning down since 1997 and no review on our income both in public and private sector. We were raise in a country that our income is not able to cover our expenses. The balance of economic recovering is only for the rich level.  For the poor, it is a serious issue as they have to overcome the poverty by their own.

Due to non-review results, our passport fee was criticise as way too high of few times compare to many countries. For example, Hong Kong passport fee only cost HK$370 (approx RM 140) for 32 pages and valid for 10 years.

In Malaysia, the mindset of passport is like a luxury pass for the rich to travel, but in fact globally, passport is view as an identification and rights to travel. It should be made really affordable to all.

NEW INTRODUCTION OF RM100 2 years validation passport

Honestly, this is totally an extra earning for the government. As for a passport that only valid for 2 years, in fact is 18 months (as our immigration law stated before 6 months your passport expire, you are not allow to travel outside Malaysia) is a waste of money for the people who travel frequently.

Let’s do the maths~!

RM 100 – 18 months, RM 300 – 54 months

With original FIVE years validation

RM 300 – 54 months

After all, isn’t it had no different by renewing a 5 years validation passport?

By renewing it for ONE TIME with the 5 years validation passport

You save the cost of :

• Unpaid leave (for those out of annual leave)
• Parking Fees
• Photos
• photocopy of ic
• Petrol

and of course the time of lining up.

With all the opportunities cost that you can save, don’t you ever consider to make it once and for all in ONE TIME BASIS?

But of course to those who only travel for like once in the blue moon. It is more worth that you get the 2 years passport WHEN YOU NEED TO TRAVEL. Or else, you just keep your expired passport under your tilam(pillow) and worry no more.

WHO ARE ELIGIBLE TO APPLY FOR A MALAYSIAN PASSPORT

Malaysian Citizen

HOW TO GET YOUR PASSPORT RENEW/NEW APPLICATION FORM

You can get it at the immigration office that nearest to you with no charges.

WHAT TO BRING FOR THE PROCESS

I advise according to my experience. If you want to fasten up the process, bring 2 passport size photo and 1 photocopy of your ic. But if you forgot to bring any of this, just go to the immigration panel shop to take photo and photocopy your ic

CHARGES FOR MALAYSIAN PASSPORT

16 pages – RM 100 – eligible since 1 Oct 2009

32 pages – RM 300

64 pages – RM 600