Introduction
Hello everyone, I'm Xiaocao. It's 9 o'clock in the evening and I'm on my way back to the company. There are more than 10 applications in the company and the first batch of stickers has been successfully pasted. I'll record some videos and answer some questions with Andy later.
Second Home Loan
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Loan Eligibility: If you have a second home, you have a higher chance of getting a loan. However, it still depends on your own profile, such as your income certificate, position, income in Li'an or Malaysia. A stable income is a prerequisite for applying for a loan, and a second home visa is a plus.
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Loan Amount and Interest Rate: For a loan of RM700,000, you need to save RM600,000. You can take half of it to buy a house, so RM300,000 plus RM700,000 is equal to RM1 million. The loan term for foreigners is 20 years, and the interest rate is around 4.5% (now around 4.1%).
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Loan Application: If you have a second home and want to make a loan, you can contact Xiao Tao. His wife is at CNB Bank and is in charge of the loan application department for second home customers.
Economic Special Area in Xinshan
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Announcement Date: The press conference to announce the economic special area in Xinshan will be held on December 8th or 9th.
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Current Situation: At present, the only economic special area in Xinshan is the forest city. However, it is not yet clear which economic special area meets the standards.
Medical Insurance
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Eligibility: If you are over 70 years old, you can't buy medical insurance in Malaysia. However, the application fee includes the medical insurance fee of the main applicant for a year. If you are over 70 years old, the company will refund the insurance fee to the client or you can transfer it to other family members.
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Medical Treatment: If foreigners come to Malaysia to see a doctor, it is recommended to buy a medical kit. With a medical kit, you can go to the hospital to see a doctor without having to worry about the cost. However, medical insurance only covers hospitalization, not outpatient visits.
Approval Rate for Second Home Application
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Approval Rate: So far, there has been no case of being cut off for second home application. The new 2 plus and the old 2 plus are different. The old 2 plus requires a 40,000 RMB monthly income certificate, and the approval is based on the applicant's income.
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Rejection Reasons: In the past, there was a possibility of rejection if the applicant provided a fake deposit certificate. However, now the second home application does not require a salary flow with the deposit certificate. As long as there is no criminal record in Malaysia and the material is complete, there is no problem.
Second Home and Education
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Tuition Fees: When you get a second home and study in Malaysia, the tuition fees are different for local students and international students. The difference is almost half.
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Mediation Fee: The mediation fee of 40,000 RMB includes the cost of all expenses, including the second-hand insurance fee, the five-year insurance transfer fee, medical insurance for a year, medical checkup, immigration and processing expenses, and car delivery.
Approval Time for Second Home Application
- Approval Time: From the cases received, the return order was sent in about a month after the delivery of the material, and the approval letter was received in about two months after the delivery of the material. However, there may be some cases where the approval time is shorter.
90-Day Residence Requirement
- Residence Requirement: The 90-day residence requirement is based on the original applicant. As long as the original applicant is over 50 years old, the family does not have a 90-day residence requirement. For applicants under 50 years old, the main applicant and other family members need to share the residence time.
Medical Insurance Renewal
- Renewal Options: There are two kinds of medical insurance: guaranteed to be updated and not guaranteed to be updated. The price of not guaranteed to be updated medical insurance is relatively low, but the insurance company may not allow you to renew the insurance if your insurance fee is too high. The guaranteed to be updated medical insurance will protect you until 100 years old, but the insurance fee may increase every 10 or 20 years.
Buying a Second-Hand House
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Eligibility: You can buy a second-hand house in the second home, except in the economic zone. As long as you are doing white silver, gold and gold, it is no problem to buy a second-hand house.
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Buying a Land-Based House: You can buy a land-based house in the second home, but it is not clear whether you can buy a land-based house without a house on it.
Withdrawing Money
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Withdrawing Time: You can withdraw half of the money after signing the contract to buy a house. If you buy a house before signing the contract, you cannot withdraw the money.
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Deposit and Interest: The deposit of the second home is in your own account, and you can take interest every year. After you buy a house, half of the money is still in the bank's deposit, and you can still take interest. If you cancel the second home, you can cancel the deposit and take back the money.
New Requirements for Second Home Application
- New Requirements: The new list needs to provide a few more things compared to before, such as the owner applied for a remittance certificate. The department wants this remittance certificate to prove that you have a sustainable income to support the consumption in Malaysia. If you are retired, you can choose to provide a deposit certificate.
Conclusion
Today, I basically answered some of the mainstream questions on the market. If you are interested in buying a second home, including an international school, you can contact Xiaocao for free. My contact information is in my main page.
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