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SMR PLAN Cut Public Bank Existing Installment Housing Loan (Home Plan 10 Homesave) 158 Months (53.38%) & MYR106,659.77 Interest (50.11%).
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SMRPlan.com 1SMR PLAN Case Study 2
Discover How SMR PLAN Helped Loan BorrowerExisting Instalment
Housing Loan (Home Plan 10 Homesave) Cut 158 Months (53.38%)
& MYR106,659.77 Interest (50.11%)• Event: Webinar• Language: English• Date: 29th Oct 2013• Day : Tuesday
• Time: 10AM-11AM• Venue: Online• Fee: FOC• Gift: Free SMR PLAN Analysis
2
SMRPlan.com 2
OUTLINE
SMR PLAN Case Study 2
1. Introduction
2. SMR PLAN Process
3. Q & A
4. FREE GIFT
5. Conclusion
2
SMRPlan.com 3
Introduction
SMR PLAN Case Study 2
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”? By the end of this webinar >>>
SMRPlan.com 4
INTO-DEBT PLAN
SMR PLAN Case Study 2
You will discover the PROBLEM of an INTO-DEBT PLAN as illustrated below.
In addition >>>
No Particular Original Current Problem
1 Tenure Remaining
2 Total Repayment
3 Total Interest
254 Months 296 MonthsExtended 42 Months
RM453,390.00 RM528,360.00Additional
RM74,970.00
RM137,863.60 RM212,833.60Additional
RM74,970.00
SMRPlan.com 5
OUT-OF-DEBT PLAN
SMR PLAN Case Study 2
You will also discover the SOLUTION of an OUT-OF-DEBT PLAN as illustrated below.
Good News >>>
No Particulars MonthsTotal
Payment Interest Principal
1 Bank
2 SMR50
3 Savings
296 RM528,360.00 RM212,833.60 RM315,526.40
138 RM421,700.23 RM106,173.83 RM315,526.40
158 RM106,659.77
53.38% 50.11%
SMRPlan.com 6
SMR PLAN
SMR PLAN Case Study 2
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 >>>
SMRPlan.com 7
FREE GIFT
SMR PLAN Case Study 2Ask a Question >>>
1 • Social Network
2 • Sign Up FREE Member
3 • Prepare & SCAN Loan Documents
4 • Upload Loan Documents
5 • FREE SMR PLAN Analysis
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.
SMRPlan.com 8
Ask a Question
SMR PLAN Case Study 2
• 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. <<< Outline
SMRPlan.com 9
Analysis Application Agreement
PaymentDocuments & InformationSMR Plan
ImplementationAdditionalSMR Plan
In this Case Study, we will show you how SMR PLAN Process helped Loan Borrower Cut Public Existing Instalment Housing Loan (Home Plan 10 Homesave) 158 Months (53.38%) & MYR106,659.77 Interest (50.11%).
SMR PLAN Case Study 2
SMR PLAN Process
Let us share with step by step.
SMRPlan.com 10
ANALYSIS
Documents
1. Letter of Offer: 19th April 2010
2. Date of First Payment: 12th August 2010
3. Latest Bank Statement as at: 15th May 2013
SMR PLAN Case Study 2
SMR Analysis >>>
SMRPlan.com 11
SMR ANALYSISNo Particular Total
AOriginal
Loan Amount
B Tenure
C Number of Instalments Paid
D Number of Instalments Remaining (B – C)
E Outstanding Balance
F Current Base Lending Rate
G Interest Rate
H Monthly Repayment
I Current Loan Tenure
J Number of Instalment Adjusted (I – D)
K Total Repayment (H x I)
L Total Interest (K – E)
RM337,000.00
288 Months
34 Months
254 Months
RM315,526.40
6.60%
BLR – 2.00% 4.60%
RM1,785.00
296 Months
Extended 42 Months
RM528,360.00
RM212,833.60
SMR PLAN Case Study 2SMR Formulation >>>
SMRPlan.com 12
SMR FORMULATION
Package Save Time Interest Fee Charge Rental / Cash Return
SMR25 25%
SMR50 50%
SMR75 75%
74Months
148Months
222Months
RM53,208.40
RM106,416.80
RM159,625.20
1%
1.5%
2%
RM3,155.26
RM4,732.89
RM6,310.52
RM1,785.00
RM132,090.00
RM264,180.00
RM396,270.00
The applicant selected SMR50 package to cut 50% Time & 50% Interest.
SMR PLAN Case Study 2
<<< SMR PLAN Process
SMRPlan.com 13
APPLICATION
Sign Up SMRPlan.com FREE Member
Submit Application
For SMR Plan
Acknowledge Receipt of
Application
3rd April 2013
22nd March 201325th March 2013
SMR PLAN Case Study 2
<<< SMR PLAN Process
SMRPlan.com 14
AGREEMENT
Approval Execution
10th April 2013 1st May 2013
SMR PLAN Case Study 2
<<< SMR PLAN Process
SMRPlan.com 15
PAYMENT
1st May 2013
SMR PLAN Fee
Service Tax
Total
SMR PLAN Case Study 2
<<< SMR PLAN Process
SMRPlan.com 16
DOCUMENTS ANDINFORMATION
Prepared
InquiryReceived
3rd May 2013
9th May 201315th May 2013
SMR PLAN Case Study 2
<<< SMR PLAN Process
SMRPlan.com 17
SMR PLAN
SMRANALYSIS
SMR FORMULATION
SMRSCHEDULE
SMR IMPLEMENTATION
13th May 2013
Effective12th June 2013
SMR PLAN Case Study 2
SMRPlan.com 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 2
SMRPlan.com 19
1. Property Information
1. Date of Sales & Purchase Agreement: Unknown
2. Property: Double Storey Terrace House (Corner Lot)
3. Housing Scheme: Existing Stock Unit
4. Purchase Price: RM375,000.00
5. Down Payment: RM75,000.00
SMR PLAN Case Study 2
SMRPlan.com 20
2. LENDER Information
1. Banking Institutions: Commercial Bank
2. Lender: Public Bank Berhad
SMR PLAN Case Study 2
SMRPlan.com 21
3. Original Mortgage Information
1. Loan Status: Existing Instalment
2. Loan Type: Housing Loan (Home Plan 10 Homesave)
3. Date of Letter Offer: 19 April 2010
4. Date of Loan Agreement: Unknown
5. Standing Instruction / Auto Debit: Yes
SMR PLAN Case Study 2
In-depth Analysis >>>
SMRPlan.com 22
3. Original Mortgage Information
A. Loan PrincipalAmount: RM337,000.00MRTA: RM0.00Legal Fee: RM0.00Valuation Fee: RM0.00Others: RM0.00Total: RM337,000.00
C. Mortgage Type: Adjustable Rates Mortgage
Repa
ymen
t
B. Period: 288 Months
D. Basis Year: 365 Days
G. Exact Day: Yes
E. Compounded Interest: Daily
F. Payment Frequency: Monthly
H. Base Lending Rate: 5.80%
I. Number of Tier: 1
J. Interest Rate: Tier 1: BLR – 2.00% = 3.80% (The effective date of the first year interest rate is to commence three (3) months from the date of letter or first drawdown, whichever is higher.)
K. Repayment : Tier 1: RM1,785.00(The first instalment is to commence from one month after the initial release of loan.)
L. Loan Disbursement:First Release: 12 July 2010Final Release: 20 Aug 2010
M. 1st Repayment Date: 12 Aug 2010
N. Total Repayment: RM514,080.00
Total InterestRM177,080.00
Total PrincipalRM337,000.00
SMR PLAN Case Study 2
What about Current Mortgage Analysis? >>>
SMRPlan.com 23
4. Current Mortgage Information
SMR PLAN Case Study 2What’s your problem? >>>
B. No. of Installments
Paid: 34 Months
C. Number of Installments Remaining: 254 Months
D. Outstanding Balance: RM 315,526.40
E. Current BLR: 6.60%
J. No. of Installments
Extended
Repa
ymen
t
Original Tenure: 288 Months 42 Months
A. As at: 15 May 2013
F. Number of Tier Remaining: 1G. Interest Rate: BLR – 2.00% = 4.60%
H. Repayment:RM1,785.00
I. Current Loan Tenure: 296 Months
K. Total Repayment:RM 528,360.00 Total Interest
RM212,833.60
Total PrincipalRM315,526.40
Total Repayment Paid:RM60,690.00
Total Principal Paid:RM21,473.60
Total Interest Paid:RM39,216.40
SMRPlan.com 24
5. What’s your PROBLEM?
SMR PLAN Case Study 2
What are the root causes? >>>
No Particular Original Current Problem
1 Tenure Remaining
2 Total Repayment
3 Total Interest
254 Months 296 MonthsExtended 42 Months
RM453,390.00 RM528,360.00Additional
RM74,970.00
RM137,863.60 RM212,833.60Additional
RM74,970.00
SMRPlan.com 25
6. What are the ROOT CAUSES of your PROBLEM?
SMR PLAN Case Study 2
How MUCH Outstanding Balance Increased? >>>
Current Loan Tenure
296 Months&
Total InterestRM212,833.60
Problem
Root Causes
Outstanding Balance
Increased
Fluctuationof
BLR
Other Fees Added
Because No SMR Schedule
BecauseNo
Additional SMR
Schedule
Fire Insurance
Late Charges
MiscellaneousCharges Because
No SMR Schedule
SMRPlan.com 26
How MUCH Outstanding Balance Increased?
SMR PLAN Case Study 2
Fluctuation of BLR >>>
No Particulars Bank Statement SMR Schedule Remarks
1 As at 15 May 2013 12 May 2013
2 Outstanding Balance RM315,526.40 RM311,274.31
IncreasedRM4,252.09
Outstanding Balance
Increased RM4,252.09
SMRPlan.com 27
Fluctuation of BLR
SMR PLAN Case Study 2
What should you do next? >>>
Mar 2010
5.80%
May 2010 6.05%
Jul 2010 6.30%
May 2011
6.60%
SMRPlan.com 28
SMR FORMULATION
1. SMR Target
2. SMR Methodology
SMR PLAN Case Study 2
SMRPlan.com 29
1. SMR Target
SMR PLAN Case Study 2
B. No. of Installments
Paid: 34 Months
Number of Installments Remaining: 254 Months
J. No. of Installments
Extended
Repa
ymen
t
Original Tenure: 288 Months 42 Months
Current Loan Tenure: 296 Months
Total InterestRM212,833.60
Total PrincipalRM315,526.40
Package Save Months Interest
SMR50 50% 148 RM106,833.80
How to achieve it? >>>
SMRPlan.com 30
2. SMR Methodology
SMR PLAN Case Study 2
B. No. of Installments
Paid: 34 Months
J. No. of Installments
Extended
Repa
ymen
t
Original Tenure: 288 Months 42 Months
Total InterestRM212,833.60
Total PrincipalRM315,526.40
Package Save Months Interest
SMR50 50% 148 RM106,833.80
Total InterestRM106,833.80
Total PrincipalRM315,526.40
Save 50% Time
&50% Interest
With SMR Schedule
>>>
Number of Installments Remaining: 254 Months
Current Loan Tenure: 296 Months
SMRPlan.com 31
SMR SCHEDULE
SMR PLAN Case Study 2
SMRPlan.com 32
SMR SCHEDULE
A SMR Schedule for SMR Implementation with effective from 12 June 2013.
The Applicant is required to CONTROL the SMR Schedule by follow up, review and feedback at the “Remarks” column.
SMR PLAN Case Study 2
The different between BANK and SMR Schedule.
Graduated Payment Scheme >>>
No Particulars MonthsTotal
Payment Interest Principal
1 Bank
2 SMR50
3 Savings
296 RM528,360.00 RM212,833.60 RM315,526.40
138 RM421,700.23 RM106,173.83 RM315,526.40
158 RM106,659.77
53.38% 50.11%
SMRPlan.com 33
SMR SCHEDULEIn SMR Schedule, the payments are GRADUATED EVERY MONTH to cut your Existing Installment Housing Loan (Home Plan 10 Homesave) 158 Months (53.38%) & MYR106,659.77 Interest (50.11%).
SMR PLAN Case Study 2
How to IMPLEMENT? >>>
1 9 17 25 33 41 49 57 65 73 81 89 97 105113121129137 -
500.00 1,000.00 1,500.00 2,000.00 2,500.00 3,000.00 3,500.00 4,000.00 4,500.00 5,000.00
SMRPlan.com 34
SMR IMPLEMENTATION
SMR PLAN Case Study 2
Effective12th June 2013
SMRPlan.com 35
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.
SMR PLAN Case Study 2
More >>>
SMRPlan.com 36
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.
SMR PLAN Case Study 2
More >>>
SMRPlan.com 37
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. disposing off the Property or 2. transferring the Property to any third party or 3. refinancing the existing loan facility or 4. early redeeming the loan facility with Lender or 5. defaulting in the repayment of the monthly instalment loan facility
or 6. engaging in a situation or conduct which shall have the effect
of rendering the Lender to recall or terminate the loan facility.
SMR PLAN Case Study 2
How to MONITOR? >>>
SMRPlan.com 38
Additional SMR Plan
Applicant
Lender
Central Bank
Base Lending Rate
Adjusted Interest Rate
Lower Interest Rate
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,
the Applicant is allowed to apply Additional SMR Plan.
SMR PLAN Case Study 2Q & A >>>
SMRPlan.com 39
Q & A
SMR PLAN Case Study 2
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.
<<< Outline
SMRPlan.com 40
FREE GIFT
SMR PLAN Case Study 2
1 • Social Network
2 • Sign Up FREE Member
3 • Prepare & SCAN Loan Documents
4 • Upload Loan Documents
5 • FREE SMR PLAN Analysis
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.
SMRPlan.com 41
Conclusion
SMR PLAN Case Study 2
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!