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SMR PLAN Case Study 4

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SUPEX Mortgage Reduction (M) Sdn Bhd
SUPEX Mortgage Reduction (M) Sdn Bhd

The document summarizes an SMR PLAN webinar that was presented to help loan borrowers get out of debt. It provides an overview of the webinar agenda and then shares a case study of how SMR PLAN helped one borrower cut their loan tenure by 147 months and reduce interest payments by over RM106,000. The summary reviews the SMR PLAN process, which included analyzing the borrower's existing loan details, formulating an SMR plan to save 50% on time and interest, creating an SMR payment schedule, and implementing the plan to help the borrower become debt free sooner.

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4 Discover How SMR PLAN Helped Loan Borrower Existing Instalment i-WISH FLEXI HOME FINANCING-i Cut 147 Months (50.52%) & MYR106,308.57 Interest (51.28%) ? ? ? ? Event: Webinar Language: English Date: 6th Dec 2013 Day£º Friday SMR PLAN Case Study 4 ? ? ? ? Time: 10AM-11AM Venue: Online Fee: FOC Gift: Free SMR PLAN Analysis SMRPlan.com 1
4 OUTLINE 1. Introduction 2. SMR PLAN Process 3. Q & A 4. FREE GIFT 5. Conclusion SMR PLAN Case Study 4 SMRPlan.com 2
Introduction Do you know ¡°If YOU do not have an OUT-OF-DEBT PLAN, rest assured YOU are under the influence of SOMEONE else¡¯s INTO-DEBT PLAN¡±? SMR PLAN Case Study 4 By the end of this webinar >>> SMRPlan.com 3
INTO-DEBT PLAN You will discover the PROBLEM of an INTO-DEBT PLAN as illustrated below. No Particular Original Current Problem 1 Tenure Remaining 291 Months 291 Months 0 Months 2 Total Repayment RM521,556.39 RM521,556.39 RM0.00 3 Total Interest RM207,307.85 RM207,307.85 RM0.00 In addition >>> SMR PLAN Case Study 4 SMRPlan.com 4
OUT-OF-DEBT PLAN You will also discover the SOLUTION of an OUT-OF-DEBT PLAN as illustrated below. No Particulars Months 1 Bank 2 SMR50 3 Savings Total Payment Interest 291 RM521,556.39 RM207,307.85 RM314,248.54 144 RM415,247.82 RM100,999.28 RM314,248.54 147 Principal RM106,308.57 50.52% 51.28% Good News >>> SMR PLAN Case Study 4 SMRPlan.com 5
SMR PLAN Is an OUT-OF-DEBT PLAN an INTO-DEBT PLAN which can help WORLD Loan Borrowers To GET OUT-OF-DEBT a SOLUTION for a PROBLEM of FREE Gift >>> SMR PLAN Case Study 4 SMRPlan.com 6
FREE GIFT Great News! In appreciation to your registration of this WEBINAR, you will be given up to a maximum of THREE (3) FREE SMR PLAN Analysis FREE GIFTS and you can claim it as follows: Please check your EMAIL to find out How To Claim Your FREE Gifts. 1 ? Social Network 2 ? Sign Up FREE Member 3 ? Prepare & SCAN Loan Documents 4 ? Upload Loan Documents 5 ? FREE SMR PLAN Analysis Ask a Question >>> SMR PLAN Case Study 4 SMRPlan.com 7
Ask a Question ? Should you have any question, please click ¡°Ask a Question¡± to Start Chat ANYTIME during the webinar and we shall answer each question at the end of this Webinar. ? Should we are unable to answer your question(s) in this Webinar, we will answer it via Email. SMR PLAN Case Study 4 SMRPlan.com <<< Outline 8
SMR PLAN Process In this Case Study, we will show you how SMR PLAN Process helped Loan Borrower Cut Alliance Islamic Bank Existing Installment i-WISH FLEXI HOME FINANCING-i 147 Months (50.52%) & MYR106,308.57 Interest (51.28%). Analysis Application Agreement SMR Plan Documents & Information Payment Implementation SMR PLAN Case Study 4 Additional SMR Plan SMRPlan.com Let us share with step by step. 9
ANALYSIS Documents 1. Letter of Offer: 28 August 2012 2. Date of First Payment: 1st February 2013 3. Latest Bank Statement as at: 24th October 2013 SMR Analysis >>> SMR PLAN Case Study 4 SMRPlan.com 10
SMR ANALYSIS No Particular A B Total Loan Amount Original RM329,136.95 Tenure 300 Months C Number of Instalments Paid 9 Months D Number of Instalments Remaining (B ¨C C) 291 Months E Outstanding Balance RM314,248.54 F Current Base Lending Rate 6.60% G Interest Rate 4.30% H Monthly Repayment RM1,792.29 I Current Loan Tenure 291 Months J Number of Instalment Adjusted (I ¨C D) K Total Repayment (H x I) RM521,556.39 L Total Interest (K ¨C E) RM207,307.85 SMR PLAN Case Study 4 BLR ¨C 2.30% SMRPlan.com Extended 0 Months SMR Formulation >>> 11
SMR FORMULATION Package Save Time Interest Fee Charge SMR25 25% 73 Months RM 51,826.96 1% SMR50 50% 146 Months RM 3,142.48 RM 103,653.92 1.5% RM 4,713.72 SMR75 75% 219 Months RM 155,480.88 2% RM 6,284.97 Rental / Cash Return RM130,837.17 RM 1,792.29 RM261,674.34 RM392,511.51 The applicant selected SMR50 package to cut 50% Time & 50% Interest. <<< SMR PLAN Process SMR PLAN Case Study 4 SMRPlan.com 12
APPLICATION 7th November 2013 Sign Up SMRPlan.com FREE Member Acknowledge Receipt of Application Submit Application For SMR Plan 7th November 2013 7th November 2013 <<< SMR PLAN Process SMR PLAN Case Study 4 SMRPlan.com 13
AGREEMENT Approval Execution 10th November 2013 10th November 2013 <<< SMR PLAN Process SMR PLAN Case Study 4 SMRPlan.com 14
PAYMENT SMR PLAN Fee Total Service Tax 11th November 2013 <<< SMR PLAN Process SMR PLAN Case Study 4 SMRPlan.com 15
DOCUMENTS AND INFORMATION 15th November 2013 Prepared 19th November 2013 Received Inquiry 18th November 2013 <<< SMR PLAN Process SMR PLAN Case Study 4 SMRPlan.com 16
SMR PLAN 23rd November 2013 Effective 1st November 2013 SMR SCHEDULE SMR PLAN Case Study 4 SMR SMR IMPLEMENTATION ANALYSIS SMR FORMULATION SMRPlan.com 17
SMR ANALYSIS 1. PROPERTY Information 2. LENDER Information 3. ORIGINAL Mortgage Information 4. CURRENT Mortgage Information 5. What¡¯s your PROBLEM? 6. What are the ROOT CAUSES of your PROBLEM? SMR PLAN Case Study 4 SMRPlan.com 18
1. Property Information 1. Date of Sales & Purchase Agreement: 19-Oct-2012 2. Property: Double Storey Terrace House 3. Housing Scheme: Under Construction Unit 4. Purchase Price: RM350,000.00 5. Down Payment: RM35,000.00 SMR PLAN Case Study 4 SMRPlan.com 19
2. LENDER Information 1. Banking Institutions: Commercial Bank 2. Lender: Alliance Islamic Bank Berhad SMR PLAN Case Study 4 SMRPlan.com 20
3. Original Mortgage Information 1. Loan Status: Existing Instalment 2. Loan Type: i-WISH FLEXI HOME FINANCING-i 3. Date of Letter Offer: 28 August 2012 4. Date of Loan Agreement: 24-Dec-2012 5. Standing Instruction / Auto Debit: Yes In-depth Analysis >>> SMR PLAN Case Study 4 SMRPlan.com 21
C. Mortgage Type: Adjustable Rates Mortgage E. Compounded Interest: Daily H. Base Lending Rate: 6.60% I. Number of Tier: 1 J. Interest Rate: Tier 1: BLR ¨C 2.30% = 4.30% (The first tier Profit Rate shall commence from Date of First Release, whichever is earlier. The rates are subject to maximum ceiling rate of 9.90% or rate of return, whichever is lower. Rate of Return is calculated based on Daily rest.) F. Payment Frequency: Monthly K. Repayment : Tier 1: RM1,792.29 (The installment shall commence upon initial disbursement of the facility. If initial disbursement is made on or before 15th of the month, the monthly installment shall commence on the first day of the following month. If initial disbursement is made after 15th of the month, the monthly installment shall commence on the first day of the following month after the following month.) Total Principal RM329,136.95 Repayment 3. Original Mortgage Information Total Interest RM208,550.05 B. Period: 300 Months N. Total Repayment: RM537,687.00 D. Basis Year: 365 Days G. Exact Day: Yes L. Loan Disbursement: First Release: 07 January 2013 Final Release: 20 March 2013 Total Disbursement: RM329,136.95 SMR PLAN Case Study 4 M. 1st Repayment Date: 1 February 2013 SMRPlan.com A. Loan Principal Amount: RM315,000.00 MRTA: RM5,836.95 Legal Fee: RM8,300.00 Valuation Fee: RM0.00 Others: RM0.00 Total: RM329,136.95 What about Current Mortgage Analysis? >>> 22
4. Current Mortgage Information E. Current BLR: 6.60% F. Number of Tier Remaining: 1 G. Interest Rate: BLR ¨C 2.30% = 4.30% D. Outstanding Balance: RM314,248.54 K. Total Repayment: RM521,556.39 Repayment H. Repayment: RM1,792.29 Total Principal RM314,248.54 B. No. of Installments Paid: 9 Months J. No. of Installments Extended Total Interest RM207,307.85 B. Period: 300 Months A. As at: 24 October 2013 Total Repayment Paid: RM16,130.61 Total Principal Paid: RM14,888.41 Total Interest Paid: RM1,242.20 SMR PLAN Case Study 4 0 Months C. Number of Installments Remaining: 291 Months I. Current Loan Tenure: 291 Months What¡¯s your problem? >>> SMRPlan.com 23
5. What¡¯s your PROBLEM? No Particular Original Current Problem 1 Tenure Remaining 291 Months 291 Months 0 Months 2 Total Repayment RM521,556.39 RM521,556.39 RM0.00 3 Total Interest RM207,307.85 RM207,307.85 RM0.00 What are the root causes? >>> SMR PLAN Case Study 4 SMRPlan.com 24
6. What are the ROOT CAUSES of your PROBLEM? No Changes of BLR Problem Current Loan Tenure 291 Months & Total Interest RM207,307.85 Root Causes No. of Installments Paid: 9 Months No. of Installments Unpaid: 291 Months Early Application for SMR PLAN SMR PLAN Case Study 4 SMRPlan.com The EARLIER you start, the more you SAVE, the LATER you start, the more you PAY! 25
SMR FORMULATION 1. SMR Target 2. SMR Methodology SMR PLAN Case Study 4 SMRPlan.com 26
1. SMR Target Package Save SMR50 Months 50% 146 Interest RM103, 653.93 How to achieve it? >>> Repayment Total Principal RM314,248.54 B. No. of Installments Paid: 9 Months J. No. of Installments Extended Total Interest RM207,307.85 B. Period: 300 Months 0 Months Number of Installments Remaining: 291 Months Current Loan Tenure: 291 Months SMR PLAN Case Study 4 SMRPlan.com 27
2. SMR Methodology Package Save Months Interest SMR50 50% 146 RM103, 653.93 Total Principal Total RM314,248.54 Repayment Save Principal 50% Time RM314,248.54 B. No. of Installments Paid: 9 Months Total Interest Total Interest RM207,307.85 RM103,653.92 & J. No. of Installments 50% Interest Extended With SMR Schedule >>> B. Period: 300 Months 0 Months Number of Installments Remaining: 291 Months Current Loan Tenure: 291 Months SMR PLAN Case Study 4 SMRPlan.com 28
SMR SCHEDULE SMR PLAN Case Study 4 SMRPlan.com 29
SMR SCHEDULE The different between BANK and SMR Schedule. No Particulars 1 Bank 2 SMR50 3 Savings Months Total Payment Interest Principal 291 RM521,556.39 RM207,307.85 RM314,248.54 144 RM415,247.82 RM100,999.28 RM314,248.54 147 RM106,308.57 50.52% 51.28% A SMR Schedule for SMR Implementation with effective from 1 November 2013. The Applicant is required to CONTROL the SMR Schedule by follow up, review and feedback at the ¡°Remarks¡± column. Graduated Payment Scheme >>> SMR PLAN Case Study 4 SMRPlan.com 30
SMR SCHEDULE In SMR Schedule, the payments are GRADUATED EVERY MONTH to cut Alliance Islamic Bank Existing Installment i-WISH FLEXI HOME FINANCING-i 147 Months (50.52%) & MYR106,308.57 Interest (51.28%). 1 8 15 22 29 36 43 50 57 64 71 78 85 92 99 106 113 120 127 134 141 4,500.00 4,000.00 3,500.00 3,000.00 2,500.00 2,000.00 1,500.00 1,000.00 500.00 - How to IMPLEMENT? >>> SMR PLAN Case Study 4 SMRPlan.com 31
SMR IMPLEMENTATION Effective 1st November 2013 SMR PLAN Case Study 4 SMRPlan.com 32
Implementation The Applicant must promptly pay the exact monthly instalments repayment amount on the repayment due date strictly in accordance with the SMR Plan provided by the Company OR on the following three (3) working days from the repayment due date (Repayment Time Period¡±). The Applicant shall strictly adhere to the Repayment Time Period irrespective of whether monthly instalment repayment is made by way of CASH or by CHEQUE to Loan Account. More >>> SMR PLAN Case Study 4 SMRPlan.com 33
Implementation The Outstanding Balance with the Lender shall not include incidental charges such as insurance premiums, penalty charges, late payment charges, monthly administrative charges and legal fees. More >>> SMR PLAN Case Study 4 SMRPlan.com 34
Implementation This SMR Plan shall automatically be terminated and null and void if the applicant by own action prematurely terminate the SMR Plan by: 1. 2. 3. 4. 5. 6. disposing off the Property or transferring the Property to any third party or refinancing the existing loan facility or early redeeming the loan facility with Lender or defaulting in the repayment of the monthly instalment loan facility or engaging in a situation or conduct which shall have the effect of rendering the Lender to recall or terminate the loan facility. How to MONITOR? >>> SMR PLAN Case Study 4 SMRPlan.com 35
Additional SMR Plan Variation of Interest Rate (VIR) Please be informed that in the situation of Variation of Interest Rate (¡°VIR¡±) due to changes of ? Base Lending Rate (¡°BLR¡±) and/or ? Adjusted Interest Rate (¡°AIR¡±) by the Lender and/or ? application for Lower Interest Rate (¡°LIR¡±) by you, Central Bank Base Lending Rate Lender Lower Interest Rate Applicant Adjusted Interest Rate the Applicant is allowed to apply Additional SMR Plan. SMR PLAN Case Study 4 SMRPlan.com Q & A >>> 36
Q&A Ok, now is the Q & A. ? Should you have any questions, please click ¡°Ask a Question¡± to Start Chat NOW and we are going to answer each question NOW. ? Should we are unable to answer your question(s) in this Webinar, we will answer it via Email. SMR PLAN Case Study 4 SMRPlan.com <<< Outline 37
FREE GIFT Great News! In appreciation to your registration of this WEBINAR, you will be given up to a maximum of THREE (3) FREE SMR PLAN Analysis FREE GIFTS and you can claim it as follows: Please check your EMAIL to find out How To Claim Your FREE Gifts. 1 ? Social Network 2 ? Sign Up FREE Member 3 ? Prepare & SCAN Loan Documents 4 ? Upload Loan Documents 5 ? FREE SMR PLAN Analysis SMR PLAN Case Study 4 SMRPlan.com 38
Conclusion 1. Firstly, THANK YOU for joining this SMR PLAN Case Study Webinar. 2. Secondly, please upload your FREE SMR PLAN Analysis Loan Documents ASAP or latest within 2 Weeks, failing which¡­ 3. Thirdly, I will FOLLOW UP you via email. 4. Fourthly, this FREE Gift is also opened to those who register and join REPLAY Webinar. 5. Lastly, hope you enjoy this Webinar and I will END this Webinar NOW! SMR PLAN Case Study 4 SMRPlan.com 39

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SMR PLAN Case Study 4

  • 1. 4 Discover How SMR PLAN Helped Loan Borrower Existing Instalment i-WISH FLEXI HOME FINANCING-i Cut 147 Months (50.52%) & MYR106,308.57 Interest (51.28%) ? ? ? ? Event: Webinar Language: English Date: 6th Dec 2013 Day£º Friday SMR PLAN Case Study 4 ? ? ? ? Time: 10AM-11AM Venue: Online Fee: FOC Gift: Free SMR PLAN Analysis SMRPlan.com 1
  • 2. 4 OUTLINE 1. Introduction 2. SMR PLAN Process 3. Q & A 4. FREE GIFT 5. Conclusion SMR PLAN Case Study 4 SMRPlan.com 2
  • 3. Introduction Do you know ¡°If YOU do not have an OUT-OF-DEBT PLAN, rest assured YOU are under the influence of SOMEONE else¡¯s INTO-DEBT PLAN¡±? SMR PLAN Case Study 4 By the end of this webinar >>> SMRPlan.com 3
  • 4. INTO-DEBT PLAN You will discover the PROBLEM of an INTO-DEBT PLAN as illustrated below. No Particular Original Current Problem 1 Tenure Remaining 291 Months 291 Months 0 Months 2 Total Repayment RM521,556.39 RM521,556.39 RM0.00 3 Total Interest RM207,307.85 RM207,307.85 RM0.00 In addition >>> SMR PLAN Case Study 4 SMRPlan.com 4
  • 5. OUT-OF-DEBT PLAN You will also discover the SOLUTION of an OUT-OF-DEBT PLAN as illustrated below. No Particulars Months 1 Bank 2 SMR50 3 Savings Total Payment Interest 291 RM521,556.39 RM207,307.85 RM314,248.54 144 RM415,247.82 RM100,999.28 RM314,248.54 147 Principal RM106,308.57 50.52% 51.28% Good News >>> SMR PLAN Case Study 4 SMRPlan.com 5
  • 6. SMR PLAN Is an OUT-OF-DEBT PLAN an INTO-DEBT PLAN which can help WORLD Loan Borrowers To GET OUT-OF-DEBT a SOLUTION for a PROBLEM of FREE Gift >>> SMR PLAN Case Study 4 SMRPlan.com 6
  • 7. FREE GIFT Great News! In appreciation to your registration of this WEBINAR, you will be given up to a maximum of THREE (3) FREE SMR PLAN Analysis FREE GIFTS and you can claim it as follows: Please check your EMAIL to find out How To Claim Your FREE Gifts. 1 ? Social Network 2 ? Sign Up FREE Member 3 ? Prepare & SCAN Loan Documents 4 ? Upload Loan Documents 5 ? FREE SMR PLAN Analysis Ask a Question >>> SMR PLAN Case Study 4 SMRPlan.com 7
  • 8. Ask a Question ? Should you have any question, please click ¡°Ask a Question¡± to Start Chat ANYTIME during the webinar and we shall answer each question at the end of this Webinar. ? Should we are unable to answer your question(s) in this Webinar, we will answer it via Email. SMR PLAN Case Study 4 SMRPlan.com <<< Outline 8
  • 9. SMR PLAN Process In this Case Study, we will show you how SMR PLAN Process helped Loan Borrower Cut Alliance Islamic Bank Existing Installment i-WISH FLEXI HOME FINANCING-i 147 Months (50.52%) & MYR106,308.57 Interest (51.28%). Analysis Application Agreement SMR Plan Documents & Information Payment Implementation SMR PLAN Case Study 4 Additional SMR Plan SMRPlan.com Let us share with step by step. 9
  • 10. ANALYSIS Documents 1. Letter of Offer: 28 August 2012 2. Date of First Payment: 1st February 2013 3. Latest Bank Statement as at: 24th October 2013 SMR Analysis >>> SMR PLAN Case Study 4 SMRPlan.com 10
  • 11. SMR ANALYSIS No Particular A B Total Loan Amount Original RM329,136.95 Tenure 300 Months C Number of Instalments Paid 9 Months D Number of Instalments Remaining (B ¨C C) 291 Months E Outstanding Balance RM314,248.54 F Current Base Lending Rate 6.60% G Interest Rate 4.30% H Monthly Repayment RM1,792.29 I Current Loan Tenure 291 Months J Number of Instalment Adjusted (I ¨C D) K Total Repayment (H x I) RM521,556.39 L Total Interest (K ¨C E) RM207,307.85 SMR PLAN Case Study 4 BLR ¨C 2.30% SMRPlan.com Extended 0 Months SMR Formulation >>> 11
  • 12. SMR FORMULATION Package Save Time Interest Fee Charge SMR25 25% 73 Months RM 51,826.96 1% SMR50 50% 146 Months RM 3,142.48 RM 103,653.92 1.5% RM 4,713.72 SMR75 75% 219 Months RM 155,480.88 2% RM 6,284.97 Rental / Cash Return RM130,837.17 RM 1,792.29 RM261,674.34 RM392,511.51 The applicant selected SMR50 package to cut 50% Time & 50% Interest. <<< SMR PLAN Process SMR PLAN Case Study 4 SMRPlan.com 12
  • 13. APPLICATION 7th November 2013 Sign Up SMRPlan.com FREE Member Acknowledge Receipt of Application Submit Application For SMR Plan 7th November 2013 7th November 2013 <<< SMR PLAN Process SMR PLAN Case Study 4 SMRPlan.com 13
  • 14. AGREEMENT Approval Execution 10th November 2013 10th November 2013 <<< SMR PLAN Process SMR PLAN Case Study 4 SMRPlan.com 14
  • 15. PAYMENT SMR PLAN Fee Total Service Tax 11th November 2013 <<< SMR PLAN Process SMR PLAN Case Study 4 SMRPlan.com 15
  • 16. DOCUMENTS AND INFORMATION 15th November 2013 Prepared 19th November 2013 Received Inquiry 18th November 2013 <<< SMR PLAN Process SMR PLAN Case Study 4 SMRPlan.com 16
  • 17. SMR PLAN 23rd November 2013 Effective 1st November 2013 SMR SCHEDULE SMR PLAN Case Study 4 SMR SMR IMPLEMENTATION ANALYSIS SMR FORMULATION SMRPlan.com 17
  • 18. SMR ANALYSIS 1. PROPERTY Information 2. LENDER Information 3. ORIGINAL Mortgage Information 4. CURRENT Mortgage Information 5. What¡¯s your PROBLEM? 6. What are the ROOT CAUSES of your PROBLEM? SMR PLAN Case Study 4 SMRPlan.com 18
  • 19. 1. Property Information 1. Date of Sales & Purchase Agreement: 19-Oct-2012 2. Property: Double Storey Terrace House 3. Housing Scheme: Under Construction Unit 4. Purchase Price: RM350,000.00 5. Down Payment: RM35,000.00 SMR PLAN Case Study 4 SMRPlan.com 19
  • 20. 2. LENDER Information 1. Banking Institutions: Commercial Bank 2. Lender: Alliance Islamic Bank Berhad SMR PLAN Case Study 4 SMRPlan.com 20
  • 21. 3. Original Mortgage Information 1. Loan Status: Existing Instalment 2. Loan Type: i-WISH FLEXI HOME FINANCING-i 3. Date of Letter Offer: 28 August 2012 4. Date of Loan Agreement: 24-Dec-2012 5. Standing Instruction / Auto Debit: Yes In-depth Analysis >>> SMR PLAN Case Study 4 SMRPlan.com 21
  • 22. C. Mortgage Type: Adjustable Rates Mortgage E. Compounded Interest: Daily H. Base Lending Rate: 6.60% I. Number of Tier: 1 J. Interest Rate: Tier 1: BLR ¨C 2.30% = 4.30% (The first tier Profit Rate shall commence from Date of First Release, whichever is earlier. The rates are subject to maximum ceiling rate of 9.90% or rate of return, whichever is lower. Rate of Return is calculated based on Daily rest.) F. Payment Frequency: Monthly K. Repayment : Tier 1: RM1,792.29 (The installment shall commence upon initial disbursement of the facility. If initial disbursement is made on or before 15th of the month, the monthly installment shall commence on the first day of the following month. If initial disbursement is made after 15th of the month, the monthly installment shall commence on the first day of the following month after the following month.) Total Principal RM329,136.95 Repayment 3. Original Mortgage Information Total Interest RM208,550.05 B. Period: 300 Months N. Total Repayment: RM537,687.00 D. Basis Year: 365 Days G. Exact Day: Yes L. Loan Disbursement: First Release: 07 January 2013 Final Release: 20 March 2013 Total Disbursement: RM329,136.95 SMR PLAN Case Study 4 M. 1st Repayment Date: 1 February 2013 SMRPlan.com A. Loan Principal Amount: RM315,000.00 MRTA: RM5,836.95 Legal Fee: RM8,300.00 Valuation Fee: RM0.00 Others: RM0.00 Total: RM329,136.95 What about Current Mortgage Analysis? >>> 22
  • 23. 4. Current Mortgage Information E. Current BLR: 6.60% F. Number of Tier Remaining: 1 G. Interest Rate: BLR ¨C 2.30% = 4.30% D. Outstanding Balance: RM314,248.54 K. Total Repayment: RM521,556.39 Repayment H. Repayment: RM1,792.29 Total Principal RM314,248.54 B. No. of Installments Paid: 9 Months J. No. of Installments Extended Total Interest RM207,307.85 B. Period: 300 Months A. As at: 24 October 2013 Total Repayment Paid: RM16,130.61 Total Principal Paid: RM14,888.41 Total Interest Paid: RM1,242.20 SMR PLAN Case Study 4 0 Months C. Number of Installments Remaining: 291 Months I. Current Loan Tenure: 291 Months What¡¯s your problem? >>> SMRPlan.com 23
  • 24. 5. What¡¯s your PROBLEM? No Particular Original Current Problem 1 Tenure Remaining 291 Months 291 Months 0 Months 2 Total Repayment RM521,556.39 RM521,556.39 RM0.00 3 Total Interest RM207,307.85 RM207,307.85 RM0.00 What are the root causes? >>> SMR PLAN Case Study 4 SMRPlan.com 24
  • 25. 6. What are the ROOT CAUSES of your PROBLEM? No Changes of BLR Problem Current Loan Tenure 291 Months & Total Interest RM207,307.85 Root Causes No. of Installments Paid: 9 Months No. of Installments Unpaid: 291 Months Early Application for SMR PLAN SMR PLAN Case Study 4 SMRPlan.com The EARLIER you start, the more you SAVE, the LATER you start, the more you PAY! 25
  • 26. SMR FORMULATION 1. SMR Target 2. SMR Methodology SMR PLAN Case Study 4 SMRPlan.com 26
  • 27. 1. SMR Target Package Save SMR50 Months 50% 146 Interest RM103, 653.93 How to achieve it? >>> Repayment Total Principal RM314,248.54 B. No. of Installments Paid: 9 Months J. No. of Installments Extended Total Interest RM207,307.85 B. Period: 300 Months 0 Months Number of Installments Remaining: 291 Months Current Loan Tenure: 291 Months SMR PLAN Case Study 4 SMRPlan.com 27
  • 28. 2. SMR Methodology Package Save Months Interest SMR50 50% 146 RM103, 653.93 Total Principal Total RM314,248.54 Repayment Save Principal 50% Time RM314,248.54 B. No. of Installments Paid: 9 Months Total Interest Total Interest RM207,307.85 RM103,653.92 & J. No. of Installments 50% Interest Extended With SMR Schedule >>> B. Period: 300 Months 0 Months Number of Installments Remaining: 291 Months Current Loan Tenure: 291 Months SMR PLAN Case Study 4 SMRPlan.com 28
  • 29. SMR SCHEDULE SMR PLAN Case Study 4 SMRPlan.com 29
  • 30. SMR SCHEDULE The different between BANK and SMR Schedule. No Particulars 1 Bank 2 SMR50 3 Savings Months Total Payment Interest Principal 291 RM521,556.39 RM207,307.85 RM314,248.54 144 RM415,247.82 RM100,999.28 RM314,248.54 147 RM106,308.57 50.52% 51.28% A SMR Schedule for SMR Implementation with effective from 1 November 2013. The Applicant is required to CONTROL the SMR Schedule by follow up, review and feedback at the ¡°Remarks¡± column. Graduated Payment Scheme >>> SMR PLAN Case Study 4 SMRPlan.com 30
  • 31. SMR SCHEDULE In SMR Schedule, the payments are GRADUATED EVERY MONTH to cut Alliance Islamic Bank Existing Installment i-WISH FLEXI HOME FINANCING-i 147 Months (50.52%) & MYR106,308.57 Interest (51.28%). 1 8 15 22 29 36 43 50 57 64 71 78 85 92 99 106 113 120 127 134 141 4,500.00 4,000.00 3,500.00 3,000.00 2,500.00 2,000.00 1,500.00 1,000.00 500.00 - How to IMPLEMENT? >>> SMR PLAN Case Study 4 SMRPlan.com 31
  • 32. SMR IMPLEMENTATION Effective 1st November 2013 SMR PLAN Case Study 4 SMRPlan.com 32
  • 33. Implementation The Applicant must promptly pay the exact monthly instalments repayment amount on the repayment due date strictly in accordance with the SMR Plan provided by the Company OR on the following three (3) working days from the repayment due date (Repayment Time Period¡±). The Applicant shall strictly adhere to the Repayment Time Period irrespective of whether monthly instalment repayment is made by way of CASH or by CHEQUE to Loan Account. More >>> SMR PLAN Case Study 4 SMRPlan.com 33
  • 34. Implementation The Outstanding Balance with the Lender shall not include incidental charges such as insurance premiums, penalty charges, late payment charges, monthly administrative charges and legal fees. More >>> SMR PLAN Case Study 4 SMRPlan.com 34
  • 35. Implementation This SMR Plan shall automatically be terminated and null and void if the applicant by own action prematurely terminate the SMR Plan by: 1. 2. 3. 4. 5. 6. disposing off the Property or transferring the Property to any third party or refinancing the existing loan facility or early redeeming the loan facility with Lender or defaulting in the repayment of the monthly instalment loan facility or engaging in a situation or conduct which shall have the effect of rendering the Lender to recall or terminate the loan facility. How to MONITOR? >>> SMR PLAN Case Study 4 SMRPlan.com 35
  • 36. Additional SMR Plan Variation of Interest Rate (VIR) Please be informed that in the situation of Variation of Interest Rate (¡°VIR¡±) due to changes of ? Base Lending Rate (¡°BLR¡±) and/or ? Adjusted Interest Rate (¡°AIR¡±) by the Lender and/or ? application for Lower Interest Rate (¡°LIR¡±) by you, Central Bank Base Lending Rate Lender Lower Interest Rate Applicant Adjusted Interest Rate the Applicant is allowed to apply Additional SMR Plan. SMR PLAN Case Study 4 SMRPlan.com Q & A >>> 36
  • 37. Q&A Ok, now is the Q & A. ? Should you have any questions, please click ¡°Ask a Question¡± to Start Chat NOW and we are going to answer each question NOW. ? Should we are unable to answer your question(s) in this Webinar, we will answer it via Email. SMR PLAN Case Study 4 SMRPlan.com <<< Outline 37
  • 38. FREE GIFT Great News! In appreciation to your registration of this WEBINAR, you will be given up to a maximum of THREE (3) FREE SMR PLAN Analysis FREE GIFTS and you can claim it as follows: Please check your EMAIL to find out How To Claim Your FREE Gifts. 1 ? Social Network 2 ? Sign Up FREE Member 3 ? Prepare & SCAN Loan Documents 4 ? Upload Loan Documents 5 ? FREE SMR PLAN Analysis SMR PLAN Case Study 4 SMRPlan.com 38
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