Getting housing loans from banks in Malaysia is actually very easy compared to China , Vietnam and Myanmar .

There are basically only two reasons a banker will deny a loan. Either the property valuer has given a very low value to the property the borrower intends to buy or the banker has found some type of derogatory credit information on the borrower. If you feel your valuer has made a mistake, you can usually convince him or her to assign a higher value. This can be done by producing some comparable sales of similar properties in the area to support your case. If derogatory credit is a problem, ask the banker to explain why you were turned down. You can normally clear up the problem with a letter of explanation together with some documentary proof of your financial standing. For example; by producing your last 6 months income statements or getting a good personal guarantor for the amount you have asked for. Another alternative is to get the loan from a bank that you frequently deal with, because they know you better than any other financial institution.

 Sometimes your loan will be denied because the developer has not given them sufficient documentary proof of the project. Therefore, it is better to get your bank loan pre-approved before you pay any earnest deposit to avoid unnecessary financial losses.