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29-06-2013, 09:34 AM
When I applied for my loans with several banks, all of them used 35-40% of my income to determine the amount that I can borrow. And they will include my other loans payment in the computation.
The announcement also set the interest rate that the bank need to use when calculating the max loan amount.
The way I read the announcement is that it simply fix the guidelines for the banks to adhere to. It should not affect the market much.
The announcement also set the interest rate that the bank need to use when calculating the max loan amount.
The way I read the announcement is that it simply fix the guidelines for the banks to adhere to. It should not affect the market much.