smr plan case study 4

SMRPlan.com 1SMR PLAN Case Study 4

• Event: Webinar• Language: English• Date: 6th Dec 2013• Day ： Friday

• Time: 10AM-11AM• Venue: Online• Fee: FOC• Gift: Free SMR PLAN Analysis

4

Discover How SMR PLAN Helped Loan BorrowerExisting Instalment

i-WISH FLEXI HOME FINANCING-i Cut 147 Months (50.52%)

& MYR106,308.57 Interest (51.28%)

SMRPlan.com 2

OUTLINE

SMR PLAN Case Study 4

1. Introduction

2. SMR PLAN Process

3. Q & A

4. FREE GIFT

5. Conclusion

4

SMRPlan.com 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”? By the end of this webinar >>>

SMRPlan.com 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

2 Total Repayment

3 Total Interest

In addition >>>

291 Months 291 Months 0 Months

RM521,556.39 RM521,556.39 RM0.00

RM207,307.85 RM207,307.85 RM0.00

SMRPlan.com 5

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 SMR50

3 Savings

Good News >>>

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%

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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 >>>

SMRPlan.com 7

FREE GIFT

SMR PLAN Case Study 4Ask 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


• 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 Alliance Islamic Bank Existing Installment i-WISH FLEXI HOME FINANCING-i 147 Months (50.52%) & MYR106,308.57 Interest (51.28%).


SMR PLAN Process

Let us share with step by step.

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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 >>>

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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)

RM329,136.95

300 Months

9 Months

291 Months

RM314,248.54

6.60%

BLR – 2.30% 4.30%

RM1,792.29

291 Months

Extended 0 Months

RM521,556.39

RM207,307.85

SMR PLAN Case Study 4SMR Formulation >>>

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SMR FORMULATION

Package Save Time Interest Fee Charge Rental / Cash Return

SMR25 25%

SMR50 50%

SMR75 75%

73Months

146Months

219Months

RM51,826.96

RM103,653.92

RM155,480.88

1%

1.5%

2%

RM3,142.48

RM4,713.72

RM6,284.97

RM1,792.29

RM130,837.17

RM261,674.34

RM392,511.51

The applicant selected SMR50 package to cut 50% Time & 50% Interest.


<<< SMR PLAN Process

SMRPlan.com 13

APPLICATION

Sign Up SMRPlan.com FREE Member

Submit Application

For SMR Plan

Acknowledge Receipt of

Application

7th November 2013

7th November 20137th November 2013



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AGREEMENT

Approval Execution

10th November 2013 10th November 2013



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PAYMENT

11th November 2013

SMR PLAN Fee

Service Tax

Total



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DOCUMENTS ANDINFORMATION

Prepared

InquiryReceived

15th November 2013

18th November 2013

19th November 2013



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SMR PLAN

SMRANALYSIS

SMR FORMULATION

SMRSCHEDULE

SMR IMPLEMENTATION

23rd November 2013

Effective1st November

2013


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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?


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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


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2. LENDER Information

1. Banking Institutions: Commercial Bank

2. Lender: Alliance Islamic Bank Berhad


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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 >>>

SMRPlan.com 22SMR PLAN Case Study 4

3. Original Mortgage Information

A. Loan PrincipalAmount: RM315,000.00MRTA: RM5,836.95Legal Fee: RM8,300.00Valuation Fee: RM0.00Others: RM0.00Total: RM329,136.95

C. Mortgage Type: Adjustable Rates Mortgage

Repa

ymen

t

B. Period: 300 Months

D. Basis Year: 365 Days

G. Exact Day: Yes

E. Compounded Interest: Daily

F. Payment Frequency: Monthly

H. Base Lending Rate: 6.60%

I. Number of Tier: 1

J. Interest Rate: Tier 1: BLR – 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.)

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.)

L. Loan Disbursement:First Release: 07 January 2013Final Release: 20 March 2013Total Disbursement: RM329,136.95

M. 1st Repayment Date: 1 February 2013

N. Total Repayment: RM537,687.00

Total InterestRM208,550.05

Total PrincipalRM329,136.95

What about Current Mortgage Analysis? >>>

SMRPlan.com 23

4. Current Mortgage Information

SMR PLAN Case Study 4What’s your problem? >>>

B. No. of Installments

Paid:9 Months

C. Number of Installments Remaining: 291 Months

D. Outstanding Balance: RM314,248.54

E. Current BLR: 6.60%

J. No. of Installments

Extended

Repa

ymen

t

B. Period: 300 Months 0 Months

A. As at: 24 October 2013

F. Number of Tier Remaining: 1G. Interest Rate: BLR – 2.30% = 4.30%

H. Repayment:RM1,792.29

I. Current Loan Tenure: 291 Months

K. Total Repayment:RM521,556.39 Total Interest

RM207,307.85


Total Repayment Paid:RM16,130.61

Total Principal Paid:RM14,888.41

Total Interest Paid:RM1,242.20

SMRPlan.com 24

5. What’s your PROBLEM?


What are the root causes? >>>

No Particular Original Current Problem

1 Tenure Remaining

2 Total Repayment

3 Total Interest

291 Months 291 Months 0 Months

RM521,556.39 RM521,556.39 RM0.00

RM207,307.85 RM207,307.85 RM0.00

SMRPlan.com 25

6. What are the ROOT CAUSES of your PROBLEM?


Current Loan Tenure291 Months

&Total Interest

RM207,307.85

Problem

Root Causes

No. of Installments

Paid:9 Months

No. of Installments

Unpaid:291 Months

The EARLIER you start, the

more you SAVE, the LATER you start, the more

you PAY!

No Changes of

BLR

Early Application for SMR PLAN

SMRPlan.com 26

SMR FORMULATION

1. SMR Target

2. SMR Methodology


SMRPlan.com 27

1. SMR Target



Paid:9 Months

Number of Installments Remaining: 291 Months


Extended

Repa

ymen

t


Current Loan Tenure: 291 Months



Package Save Months Interest

SMR50 50% 146 RM103, 653.93

How to achieve it? >>>

SMRPlan.com 28

2. SMR Methodology



Paid:9 Months


Extended

Repa

ymen

t




Package Save Months Interest

SMR50 50% 146 RM103, 653.93



Save 50% Time

&50% Interest

With SMR Schedule

>>>

Number of Installments Remaining: 291 Months

Current Loan Tenure: 291 Months

SMRPlan.com 29

SMR SCHEDULE


SMRPlan.com 30

SMR SCHEDULE

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.


The different between BANK and SMR Schedule.

Graduated Payment Scheme >>>

No Particulars MonthsTotal

Payment Interest Principal

1 Bank

2 SMR50

3 Savings

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%

SMRPlan.com 31

SMR SCHEDULEIn 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%).


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

SMRPlan.com 32

SMR IMPLEMENTATION


Effective1st November

2013

SMRPlan.com 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 >>>

SMRPlan.com 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 >>>

SMRPlan.com 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. 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? >>>

SMRPlan.com 36

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 4Q & A >>>

SMRPlan.com 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.

<<< Outline

SMRPlan.com 38

FREE GIFT


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 39

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!

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