This post is created to address the cash flow issue that some RUMAWIP buyers have when it’s time to pay legal fees required (when bank is unable to finance) or fork over money to renovating their RUMAWIP. This approach will only work if your CCRIS is in good working order. To begin, if you are applying for a housing loan, please do so after your application has been approved and the letter of offer has been received, or it may have a negative impact on your housing application (exceed DSR during mortgage application).
Using Credit Card Balance Tranfer
Say you have a Credit from Bank A with zero outstanding.
1st Step
Google out all the balance transfer option in the market, most of the time you will be able to find bank’s promotion on credit application for new client with 0% interest offer on balance tranfer. Apply for that credit card.
2nd Step
When it is approve, call in for the balance transfer and request the amount you need to be transfer into your credit card from Bank A.
3rd Step
When the funds are transferred to your existing credit card, you can contact your Bank A call centre and request that the extra funds be transferred to your personal account.
Please take note that if you miss up the payment, YOU WILL BE CHARGE 18% PER ANNUM by the bank. It is advisable that you do not use the new credit card until the Balance Transfer offer is paid up. During application for this, best find out on are you allow to use the new credit card without being charge of interest before paying off the balance transfer!
From the 1st of January 2023 to the 31st of December 2023, RHB is giving a deal to new credit card applicants: 0% Cash Excess for a maximum of RM 30,000 over 12 months (draw money from the credit card without interest or the hassle from the suggestion above) This subject to bank’s approval.
Elijah ialah ejen hartanah yang dihormati yang telah mendedikasikan kepakarannya untuk program RUMAWIP sejak 2018. Dengan reputasi kejujuran yang tidak berbelah bahagi, beliau mengemudi landskap hartanah dengan kejujuran dan wawasan analitikal. Di samping peranannya sebagai ejen hartanah, Elijah bersinar sebagai perunding pemasaran yang bekerjasama rapat dengan pemaju RUMAWIP. Dwi perspektif dan komitmennya terhadap keterjangkauan menjadikan beliau seorang tokoh yang dipercayai dalam industri, secara konsisten membimbing pelanggan dan pihak berkepentingan ke arah keputusan termaklum dan hasil yang berjaya.
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