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rsplim

Reno Bank Loan

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Is it based solely on my income or combined income of me and my wife ?

Eg

1) I am earning 3k , 6x = $18k

2) I am earning 3k , wife earning 3k , 6x = 30k max

 

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Their interest is not 2.98%.

Since you and your wife earn 3k each,

If you both joint, the max loan is 30k according to MAS regulation, you can only get max 30k.

However if you and your wife apply seperately, each of you can get 18k and thus total 36k.

Edited by Ahyong81
 

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Their interest is not 2.98%.

Since you and your wife earn 3k each,

If you both joint, the max loan is 30k according to MAS regulation, you can only get max 30k.

However if you and your wife apply seperately, each of you can get 18k and thus total 36k.

Nice! :good:

 

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