How To Pay Outstanding Purchases At Maybank Stocks Online Trading Platform

Recently, I bought shares using Maybank Stocks Online Trading Platform. After purchasing the shares, I didn’t know how to pay for my purchases.

When I googled, I coudn’t find any useful help or information on how to make payment of my outstanding purchases. At the end, I had to make a call to Maybank call centre and get help.

According to Maybank, I must contact my stocks dealer to settle the payment via Maybank2u and my stock dealer informed me step by step on how to do it.

Before follow my steps, better call your dealer first. If you don’t know or remember your dealer phone number, you can contact Maybank help line (03 2297 8888) and they will provide you the dealer name and contact.

Steps to make payment on Outstanding Purchases

  1. Login to Maybank2u
  2. Select Pay & Transfer
  3. Select New Payment
  4. Select Maybank Investment Bank Berhad
  5. Enter your trading account number in “Trading Acct. No.”
  6. Enter your “Bill Reference No.”. Fill in:-
    • TRUST  – you will be transferring your money in Maybank Investment Bank account. (your trust account will be tagged with your trading account)
maybank2u payment to maybank investment bank
maybank2u payment to maybank investment bank
  1. Inform your dealer and share the receipt.

Remember to check that your Outstanding Purchase is cleared after the payment.

 

Maybank Housing Loan Statement

I like to keep all my housing loan statement for my reference purposes. Some banks charge a fee to get the housing loan statement.

Maybank allows you to download the loan statement from Maybank2u. You can download the loan statement since disbursement.

Steps To Download Your Housing Loan Statement

Step 1: Login to your Maybank2u and click on Loan.

maybank housing loan statement
maybank housing loan statement

Step 2: Click on View Statement at bottom of the page.

maybank housing loan statement
maybank housing loan statementn

Step 3: Select the date you want to download. The date will display since your loan disbursement.

maybank housing loan statement
maybank housing loan statement
maybank housing loan statement
maybank housing loan statement

Step 4: Then download the softcopy to your computer.

Debt Service Ratio (DSR) Tells How Much You Can Borrow

What is Debt Service Ratio?

Debt Service Ratio (DSR) is a way for banks to determine whether you are eligible to get a property loan from them.

DSR formula as follows:

DSR = Commitment / Net Income.

Net income is your gross income after deducting EPF and income tax portion.

Allowable DSR

Income Bank maximum allowable DSR
< RM3000 60% of Net Income
< RM6000 70% of Net Income
< RM10,000 75% of Net Income
> RM10,000 80% of Net Income

Notes: Different banks have their own allowable DSR. Above table as guideline only.

DSR Calculation

For new loan application the DSR is calculated the same for all banks but for refinancing the DSR is calculated differently.

New Housing Loan

Let say:

Monthly Income:

Gross Income: RM10,000
EPF Deduction: RM1,000
Income Tax Deduction: RM1,000
Net Income: RM8,000

Monthly Commitment:

Credit Card: RM200
PTPTN: RM100
ASB Loan: RM200
Personal Loan: RM500
Car Installment: RM1,000

Total Commitment:RM2,000

DSR (without new property loan) = RM2,000 / RM8,000
= 25%

Assuming you apply new property loan with monthly installment of RM2,000.

So the DSR would be:

DSR (with the new property loan) = RM4,000 / RM8,000= 50%.

Based on the table allowable DSR, you are still eligible to apply for the housing loan.

Refinancing Loan

Most bank will use similar DSR calculation as the new loan except for Maybank. According to Maybank for the cash out portion they would calculate based maximum tenure of 10 years and the original amount can go to maximum tenure either 30 years or maximum age of 70 years old.

The cash out calculation is only for DSR calculation but if Maybank approves the refinance, you still pay your monthly installment based on maximum tenure.

Calculation Example:

Outstanding amount of the original loan: RM100,000
Refinancing loan amount: RM200,000
So cash out = RM200,000 – RM100,000 = RM100,000

New Refinancing loan interest: 5%

The cash out monthly is calculated on RM100,000 based on 5% interest for 10 years which come to: RM1,061

While the outstanding amount of RM100,000 will be calculated based on 5% interest and tenure of 30 years which come to: RM536

So the monthly loan amount for DSR calculation is RM1,597

DSR (for Maybank) = (RM1,597 + RM2,000) / RM8,000 = 45%

Other banks will calculate RM200,000 based on 5% interest for 30 years which come to: RM1,074

DSR (other banks) = (RM1,074 + RM2,000) / RM8,000 = 38%

So other banks give lower DSR so easier to qualify for a loan. However usually, Maybank gives lower interest rate.