SMR PLAN Case Study 5

SMR PLAN Case Study 5 1SMRPlan.com

• Event: Webinar• Language: English• Date: 7th Jan 2014• Day： Tuesday

• Time: 10AM-11AM

• Venue: Online

• Fee: FOC

• Gift: Free SMR PLAN Analysis

5

Discover How SMR PLAN Helped Loan BorrowerExisting Instalment

Home Xpress Loan (FIXED)Cut 233 Months (77.41%)

& MYR139,788.91 Interest (76.30%)

OUTLINE


1. Introduction

2. SMR PLAN Process

3. Q & A

4. FREE GIFT

5. Conclusion

5

Introduction


Do you know “If YOU do not have an OUT-OF-DEBT PLAN,

rest assured YOUare under the influence of SOMEONE else’s INTO-DEBT PLAN”? By the end of this webinar >>>

INTO-DEBT PLAN


You will discover the PROBLEM of an INTO-DEBT PLAN as illustrated below.

No Particular Original Current Problem

1Tenure Remaining

2Total Repayment

3Total Interest

In addition >>>

272 Months 301 Months 29 Months

RM293,760.00 RM325,080.00 RM31,320.00

RM151,898.75 RM183,218.75 RM31,320.00

OUT-OF-DEBT PLAN


You will also discover the SOLUTION of an OUT-OF-DEBT PLAN as illustrated below.

No Particulars MonthsTotal

Payment Interest Principal

1 Bank

2 SMR75

3 Savings

Good News >>>

301 RM325,080.00 RM183,218.75 RM141,861.25

68 RM185,291.09 RM43,429.84 RM141,861.25

233 RM139,788.91

77.41% 76.30%

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 >>>

FREE GIFT


Ask a Question >>>

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3 • Prepare & SCAN Loan Documents

4 • Upload Loan Documents

5 • FREE SMR PLAN Analysis

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Please check your EMAIL to find out How To Claim Your FREE Gifts.

Ask a Question


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• Should we are unable toanswer your question(s)in this Webinar, we willanswer it via Email. <<< Outline

Analysis Application Agreement

PaymentDocuments & Information

SMR Plan

ImplementationAdditional

SMR Plan

In this Case Study, we will show you how SMR PLAN Process helped Loan

Borrower Cut CIMB Bank Berhad Existing Instalment Home Xpress Loan

(FIXED) 233 Months (77.41%) & MYR139,788.91 Interest (76.30%).


SMR PLAN Process

Let us share with

you step by step.

ANALYSIS

Documents

1. Letter of Offer: 19 July 1999

2. Date of First Payment: 31 March 2001

3. Latest Bank Statement as at: 30 June 2013


SMR Analysis >>>

SMR ANALYSIS

No 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)

RM170,000.00

420 Months

148 Months

272 Months

RM141,861.25

6.60%

BLR + 1.25% 7.85%

RM1,080.00

301 Months

Extended 29 Months

RM325,080.00

RM183,218.75

SMR PLAN Case Study 5 11SMRPlan.comSMR Formulation >>>

SMR FORMULATION

Package Save Time Interest Fee Charge Rental / Cash Return

SMR25 25%

SMR50 50%

SMR75 75%

76Months

151Months

226Months

RM45,804.69

RM91,609.38

RM137,414.06

1%

1.5%

2%

RM1,418.61

RM2,127.92

RM2,837.23

RM1,080.00

RM82,080.00

RM163,080.00

RM244,080.00

The applicant selected SMR75 package to cut 75% Time & 75% Interest.


<<< SMR PLAN Process

APPLICATION

Sign Up SMRPlan.com FREE Member

Submit Application

For SMR Plan

Acknowledge Receipt of

Application

14th May 2013

16th May 201316th May 2013



AGREEMENT

Approval Execution

16th May 2013 25th May 2013



PAYMENT

25th May 2013

SMR PLAN Fee

Service Tax

Total



DOCUMENTS ANDINFORMATION

Prepared

InquiryReceived

13th Jun 2013

19th Jun 201315th Aug 2013



SMR PLAN

SMR

ANALYSIS

SMR FORMULATION

SMR

SCHEDULE

SMR IMPLEMENTATION

19th Aug 2013

Effective1st August 2013


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?


1. Property Information

1. Date of Sales & Purchase Agreement: Unknown

2. Property: Single Storey Terrace House

3. Housing Scheme: Existing Stock Unit

4. Purchase Price: Unknown

5. Down Payment: Unknown


2. LENDER Information

1. Banking Institutions: Commercial Bank

2. Lender: CIMB Bank Berhad


3. Original Mortgage Information

1. Loan Status: Existing Instalment

2. Loan Type: Home Xpress Loan (FIXED)

3. Date of Letter Offer: 19 July 1999

4. Date of Loan Agreement: 3 November 2000

5. Standing Instruction / Auto Debit: Yes


In-depth Analysis >>>

3. Original Mortgage

Information

A. Loan Principal

Amount: RM170,000.00

MRTA: RM0.00

Legal Fee: RM0.00

Valuation Fee: RM0.00

Others: RM0.00

Total: RM170,000.00

C. Mortgage Type: Adjustable Rates Mortgage

Re

pay

me

nt

B. Period: 420 Months

D. Basis Year: 365 Days

G. Exact Day: No

E. Compounded Interest: Monthly

F. Payment Frequency:

Monthly

H. Base Lending Rate: 7.25 %

I. Number of Tier: 2

J. Interest Rate:

Tier 1: 24 Months 6.85% = 6.85%

Tier 2: 396 Months BLR + 1.25% = 8.50% K. Repayment :

Tier 1 : RM1,068.00

Thereafter : RM1,270.00

L. Loan Disbursement:

First Release: Unknown

Final Release: 28 February 2001

M. 1st Repayment Date: 31 March 2001

N. Total

Repayment:

RM 528,552.00

Total Interest

RM358,552.00

Total Principal

RM170,000.00


What about Current Mortgage Analysis? >>>

Monthly rest or such other rest

period or other rate of interest

as may be provided for in the

Agreement or which may

otherwise determined by the

Lender in writing.

Repayments are to commence

within three years of

approval of this loan or

one month after the date of

final disbursement,

whichever is earlier.

4. Current Mortgage Information


What’s your problem? >>>

B. No. of Installments

Paid: 148 Months

C. Number of Installments Remaining: 272 Months

D. Outstanding Balance: RM141,861.25

E. Current BLR: 6.60%

J. No. of Installments

Extended

Rep

aym

ent

B. Period: 420 Months 29 Months

A. As at: 30 June 2013

F. Number of Tier Remaining: 1

G. Interest Rate: BLR + 1.25% = 7.85%

H. Repayment:

RM1,080.00

I. Current Loan Tenure:

301 Months

K. Total

Repayment:

RM325,080.00 Total Interest

RM183,218.75

Total Principal

RM141,861.25

Total Repayment Paid:

RM183,112.00

Total Principal Paid:

RM28,138.75

Total Interest Paid:

RM154,973.25

5. What’s your PROBLEM?


What are the root causes? >>>

No Particular Original Current Problem

1Tenure Remaining

2Total Repayment

3Total Interest

272 Months 301 Months 29 Months

RM293,760.00 RM325,080.00 RM31,320.00

RM151,898.75 RM183,218.75 RM31,320.00

6. What are the ROOT CAUSES of your PROBLEM?


Fluctuation of BLR >>>

Current Loan Tenure

301 Months&

Total InterestRM183,218.75

Problem

Root

Causes

Fluctuation

of

BLR

BecauseNo Additional SMR Schedule

Fluctuation of BLR


What should you do next? >>>

8.00%

6.75%

6.50%

6.00%

6.75%

6.50%

5.95%

5.55%

5.80%

6.05%

6.30%

6.60%

5.50%

6.00%

6.50%

7.00%

7.50%

8.00%

1999 2001 2003 2005 2007 2009 2011

SMR FORMULATION

1. SMR Target

2. SMR Methodology


1. SMR Target



Paid:148 Months

Number of Installments Remaining: 272 Months


Extended

Rep

aym

ent


Current Loan Tenure: 301 Months

Total Interest

RM183,218.75

Total Principal

RM141,861.25

Package Save Months Interest

SMR75 75% 226 RM137,414.06

How to achieve it? >>>

2. SMR Methodology



Paid:148 Months


Extended

Rep

aym

ent


Total Interest

RM183,218.75

Total Principal

RM141,861.25

Package Save Months Interest

SMR75 75% 226 RM137,414.06

Total

Interest

RM45,804.69

Total

Principal

RM141,861.25Save

75% Time

&

75% Interest

With

SMR Schedule

>>>

Number of Installments Remaining: 272 Months

Current Loan Tenure: 301 Months

SMR SCHEDULE


SMR SCHEDULE

A SMR Schedule for SMR Implementation with effective from 1 August 2013.

The Applicant is required to CONTROL the SMR Schedule by follow

up, review and feedback at the “Remarks” column.


The different between BANK and SMR Schedule.

Graduated Payment Scheme >>>

No Particulars MonthsTotal

Payment Interest Principal

1 Bank

2 SMR75

3 Savings

301 RM325,080.00 RM183,218.75 RM141,861.25

68 RM185,291.09 RM43,429.84 RM141,861.25

233 RM139,788.91

77.41% 76.30%

SMR SCHEDULE

In SMR Schedule, the payments are GRADUATED EVERY MONTH to cut

CIMB Bank Berhad Existing Instalment Home Xpress Loan (FIXED) 233

Months (77.41%) & MYR139,788.91 Interest (76.30%).


How to IMPLEMENT? >>>

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67

SMR IMPLEMENTATION


Effective1st August 2013

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 >>>

Implementation

The Outstanding Balance with the Lender shall not

include incidental charges such as insurance

premiums, penalty charges, late payment

charges, administrative charges and legal fees.


More >>>

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.


How to MONITOR? >>>

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 5 37SMRPlan.comQ & A >>>

Q & A


Ok, now is the Q & A.

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<<< Outline

FREE GIFT


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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.

Conclusion


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Education

SMR PLAN Case Study 5