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Welcome to
Myra's Homebuying Hub

Here’s where you can find all of the details of the Myra-home that you’ve booked and how you can proceed to the next stage!

Land Size

Only landed house will have a land size value. Please enter dash (-) for highrise.

SPA Price

This is the full price of the home you’re going to buy and it will be reflected on your Sales and Purchase Agreement (SPA) and Loan Agreement. So do double check!

Markup SPA Price

Marking up your SPA price means that you’ll get a larger loan amount and you’ll be able to use the extra money for renovations or to pay certain fees and duties. However, keep in mind that the larger the loan amount, the higher your monthly repayment would be!

Packages

Here are all the packages that you’re eligible for! Yes, you can have more than one!

How Much

Please enter the discount’s percentage WITHOUT the % symbol.

Example: If the discount is 7%, please enter the number 7.

*Please enter the discount percentage number from the highest to the lowest amount.

Savings

Here’s how your savings was calculated!

Calculation Example:

SPA Price (RM500,000) - 10% = X

X - 7% = Y

Y- 5% = Z

Home Initiatives

Select all applicable housing schemes and initiatives that can help your homebuyer. More than one allowed!

Property Nett Price

This is the amount that you need to pay for your house.

Head over to the instalment calculator to see how much loan do you need to apply and how much instalment that you need to pay.

Loan Margin

If you’re a first or second time homebuyer, the maximum loan financing margin you’ll receive is 90%!

For third time homebuyers, the maximum loan financing ranges from 70%-80%.

Loan Amount

The loan amount is based on the SPA price. If the loan margin you receive is 90% , then the loan amount will be 90% of the SPA price.

Loan Tenure

This is the duration of your entire loan. The maximum loan tenure is 35 years. The higher the tenure, the lower the monthly repayment.

Loan Interest Rate

The loan interest rate will vary according to each bank’s discretion and the OPR rate set by Bank Negara.

Note: The average interest rate right now is 3.0%

Monthly Loan Instalment

This is the amount you’ll need to pay each month for the entire duration of your loan!

Advice: 2 ways to reduce the loan amount:

  1. Increase the loan tenure to the maximum of 35 years.
  2. Find a bank who can offer a lower interest rate.

Differential Sum

This is the difference payable between loan amount and the nett price of the home that you’re purchasing.

If the amount is negative, that will be your cashback. The developer will provide you this money once the first drawdown is made.

If the amount is positive, this will be the amount that you need to pay to the developer in order for you to proceed with the house purchase.

If the amount 0, you will not get any cashback nor need to pay any money to the property developer.

Nett Income

In order to accurately calculate your DSR, we will need to use your nett income instead of your gross income.

Nett income is the amount after EPF, Socso and tax deductions (PCB).

MOT Stamp Duty

The formula is as follows:

SPA Legal Fees

The formula is as follows:

Notes: SPA Legal Fees are based on the Property SPA Price

Loan Stamp Duty

Loan Amount x 0.5%

Loan Legal Fees

The formula is as follows:

Notes: Loan Legal Fees are based on the Loan Amount

MRTA

The cost of MRTA depends on a number of factors such as your age, the value of your home loan, and the length of your home loan.

However, the MRTA amount very rarely to exceed 5% of the loan amount.

** MRTA is optional and most of the time will be included as part of the loan. However, there is also an option MLTA and Hibah Takaful.

Monthly Household Income

This is based on the total income of the Primary Loan Applicant (you) / Primary and Joint Loan Applicant (you + someone else!)

Monthly Household Commitment

Based on the total commitment of the Applicant / Applicants

Current DSR

This is the ratio of how much debt you owe against your household income.

New Commitment

Sum of monthly household commitment and loan installment amount which will be used to generate the latest DSR calculation which banks will use to evaluate the applicant

New DSR

This is the DSR % that matters to the bank.

If your DSR % is above 65-70%, it might be hard to get your loan approved.

  1. Reduce your number of commitments
  2. Apply for a Joint Loan with your spouse, parents or siblings.

Based on Myra's Golden Rule, it’s best to keep your DSR below 60% for a higher chance of loan approval!