Let's take an example

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Let's say you want to buy a house and your net income is RM5,000. You have a car loan of RM1,000 and the installment for the new house is RM2,000. So in this situation, your DSR is 50% (RM1,000 + RM2,000 / RM5,000).

Once you have this DSR, compare it with the maximum DSR limit set by the bank. In the current market, usually the maximum DSR limit for banks is as follows:

For income less than RM3,000 – 60%
Income over RM3,000 – 70%
If we use the example above, your DSR is 60%. Since your income is more than belgium email list RM3,000, your DSR limit is 70%. In this case, you are most likely eligible for a loan because your DSR is lower than the bank's DSR.

Now that you know your financing eligibility, my advice is don't just go ahead and buy a house. You must….

2) Check Your Ability to Pay Loans
Even if you qualify for a RM1 million loan, that doesn't mean you can afford to pay.

Why? Because everyone has their own financial challenges . I had a client before, he could afford to buy an expensive house. But he decided to buy a much cheaper house. He couldn't afford it because he had to support his younger siblings while they were studying.