A new house?

Good Afternoon everyone.

I've got a new experience to share. So im 26years old this year and planning to buy a house since the economy not really good plus before it cure back to normal and the housing rate shoot up to the sky. I couldnt afford it anymore.

Currently im working 9-5 job and with the salary of RM 1300. Went to ask around and got few contacts from the bank. I decided to call 1 by 1 and they rejected me when i told them my salary as they said i couldnt afford and even suggested me to go apply for PR1MA. I went to apply that like 2years ago and each time i renew it i got rejected as for the min salary for the application would be RM2000!!

Yup u read it correctly it is RM 2000 min ok!

After several bankers rejected me giving the reason of not enough salary, i will not give up and managed to contact the last bankers so he was nice by not rejecting me on the spot but he advise me politely and made me faced the reality im facing with that salary and also he gave me some calculation so i'll noe what is the range of house i should be looking for before applying for the house loan.

with the salary of RM1300 i managed to get house for +/- RM65k. Bankers will calculate like these sort of so that we can have an idea what we are looking at

GUIDELINE 1

give approx of RM750 personal spending if the IC if from main city place (JB/KL).
Personal spending such as petrol, food, grocery etc.

Any other commitment such as creditcard, car loan, personal loan.

Our salary after epf socso deduction eg mine RM1100- 750 (personal spending set by bank) - any other commitment (for me i dun have 1) = RM350 huhu. how gonna pay the house..

GUIDELINE 2

RM1100 (my salary after epf socso deduction) X 40% (percentage of max allowed commitment from salary) = RM440 is the amt of 40%

RM1100-RM440 = RM660

Conclusion still less than RM 750. If there is a chance for loan approval pon maybe less than RM65k.

This is how they calculated it. So good luck guys! hope all of us will get our own house with our name on the geran by 2020!! oh why 2020, that is my personal goal actually hehe. by im 30 years old.

Thanks to the banker that advise me so, ive quit my job and looking for higher salary plus not negotiable. As i work for a house ok not for experience anymore. haha.