Basic Salary + Fix Allowance = Gross Income
Example:
| Item | RM |
|---|---|
| Basic Salary | RM5000.00 |
| Fix Allowance | RM500.00 |
Gross Income: RM5500.00
EPF + Socso + Tax = Total Deducation
Example:
| Item | RM |
|---|---|
| EPF | RM550.00 |
| Socso | RM14.75 |
| Tax | RM300.00 |
Total Deduction: RM864.75
Nett Income = Gross Income - Total Deduction
Example:
Nett Income: RM5500.00 - RM864.75 = RM4635.25
- New Loan / Financing = A
- Car Loan = B
- Personal Loan = C
- Credit Card Use = Credit Limit × 5% = D
A + B + C + D = Total Commitment
Example:
| Item | RM | Remark |
|---|---|---|
| New Loan / Financing | RM1500.00 | - |
| Car Loan | RM750.00 | - |
| Personal Loan | RM500.00 | - |
| Credit Card | RM150.00 | RM3000 × 5% |
Total Commitment: RM2900.00
DSR = (Total Commitment ÷ Nett Income) × 100
CASE 1: Nett Income below RM3500, max. DSR qualification is 40%.
CASE 2: Nett Income RM3500 and above, max. DSR qualification is 70%.
Example:
DSR = (RM2900 ÷ RM4635.25) × 100 = 62.56%
Based on Case 2, 62.56% is within the maximum DSR qualification range (1% - 70%), so theoretically it's QUALIFIED for the housing loan.
This is just for the reference only. However, different bank has different DSR. Some people got more than the max. DSR qualification, but still got their loan approved by the bank.