smr plan case study 3
DESCRIPTION
SMR PLAN Cut HSBC Existing Installment Homemaker 327 Bi-weeks (53.96%) & MYR43,956.21 Interest (50.36%)TRANSCRIPT
SMR PLAN Case Study 3 1SMRPlan.com
• Event: Webinar• Language: English• Date: 22nd Nov 2013• Day: Friday
• Time: 10AM-11AM
• Venue: Online
• Fee: FOC
• Gift: Free SMR PLAN Analysis
3
Discover How SMR PLAN Helped Loan BorrowerExisting InstalmentHSBC Homemaker
Cut 327 Bi-weeks (53.96%) & MYR43,956.21 Interest (50.36%)
OUTLINE
SMR PLAN Case Study 3 2SMRPlan.com
1. Introduction
2. SMR PLAN Process
3. Q & A
4. FREE GIFT
5. Conclusion
3
Introduction
SMR PLAN Case Study 3 3SMRPlan.com
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
SMR PLAN Case Study 3 4SMRPlan.com
You will discover the PROBLEM of an INTO-DEBT PLAN as illustrated below.
No Particular Original Current Problem
1Tenure Remaining
2Total Repayment
3Total Interest
604 Bi-weeks 606 Bi-weeksExtended
2 Bi-weeks
RM209,443.04 RM210,136.56Additional
RM693.52
RM86,592.31 RM87,285.83Additional
RM693.52
In addition >>>
OUT-OF-DEBT PLAN
SMR PLAN Case Study 3 5SMRPlan.com
You will also discover the SOLUTION of an OUT-OF-DEBT PLAN as illustrated below.
No Particulars Bi-weeksTotal
Payment Interest Principal
1 Bank
2 SMR50
3 Savings
606 RM210,136.56 RM87,285.83 RM122,850.73
279 RM166,180.35 RM43,329.62 RM122,850.73
327 RM43,956.21
53.96% 50.36%
Good News >>>
SMR PLAN
SMR PLAN Case Study 3 6SMRPlan.com
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
SMR PLAN Case Study 3 7SMRPlan.com
Ask a Question >>>
1 • Social Network
2 • Sign Up FREE Member
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
SMR PLAN Case Study 3 8SMRPlan.com
• Should you have anyquestion, please click“Ask a Question” toStart Chat ANYTIMEduring the webinar andwe shall answer eachquestion at the end ofthis Webinar.
• 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 HSBC Existing Instalment Homemaker 327 Bi-weeks
(53.96%) & MYR43,956.21 Interest.
SMR PLAN Case Study 3 9SMRPlan.com
SMR PLAN Process
Let us share with
step by step.
ANALYSIS
Documents
1. Letter of Offer: 26th June 2004
2. Date of First Payment: 9th January 2007
3. Latest Bank Statement as at: 24th September 2013
SMR PLAN Case Study 3 10SMRPlan.com
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 Bi-weekly Repayment
I Current Loan Tenure
J Number of Instalment Adjusted (I – D)
K Total Repayment (H x I)
L Total Interest (K – E)
RM141,960.00
360 Months
176 Bi-weeks
604 Bi-weeks
RM122,850.73
6.60%
BLR – 1.50% 5.10%
RM346.76
606 Bi-weeks
Extended 2 Bi-weeks
RM210,136.56
RM87,285.83
SMR PLAN Case Study 3 11SMRPlan.comSMR Formulation >>>
SMR FORMULATION
Package Save Time Interest Fee Charge Rental / Cash Return
SMR25 25%
SMR50 50%
SMR75 75%
152Bi-
weeks
303Bi-
weeks
455Bi-
weeks
RM21,821.45
RM43,642.92
RM65,464.37
1%
1.5%
2%
RM1,228.51
RM1,842.76
RM2,457.02
RM346.76
RM52,707.52
RM105,068.28
RM157,775.80
The applicant selected SMR50 package to cut 50% Time & 50% Interest.
SMR PLAN Case Study 3 12SMRPlan.com
<<< SMR PLAN Process
APPLICATION
Sign Up SMRPlan.com FREE Member
Submit Application
For SMR Plan
Acknowledge Receipt of
Application
19th August 2013
18th August 201318th August 2013
SMR PLAN Case Study 3 13SMRPlan.com
<<< SMR PLAN Process
AGREEMENT
Approval Execution
19th August 2013 1st September 2013
SMR PLAN Case Study 3 14SMRPlan.com
<<< SMR PLAN Process
PAYMENT
2nd September 2013
SMR PLAN Fee
Service Tax
Total
SMR PLAN Case Study 3 15SMRPlan.com
<<< SMR PLAN Process
DOCUMENTS ANDINFORMATION
Prepared
InquiryReceived
3rd September 2013
5th September 2013
25th September 2013
SMR PLAN Case Study 3 16SMRPlan.com
<<< SMR PLAN Process
SMR PLAN
SMR
ANALYSIS
SMR FORMULATION
SMR
SCHEDULE
SMR IMPLEMENTATION
25th September 2013
Effective8th October 2013
SMR PLAN Case Study 3 17SMRPlan.com
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 3 18SMRPlan.com
1. Property Information
1. Date of Sales & Purchase Agreement: 16 May 2004
2. Property: Double Storey Terrace House
3. Housing Scheme: Under Construction Unit
4. Purchase Price: RM160,800.00
5. Down Payment: RM15,320.00
SMR PLAN Case Study 3 19SMRPlan.com
2. LENDER Information
1. Banking Institutions: Commercial Bank
2. Lender: HSBC Bank Malaysia Berhad
SMR PLAN Case Study 3 20SMRPlan.com
3. Original Mortgage Information
1. Loan Status: Existing Instalment
2. Loan Type: HSBC Homemaker
3. Date of Letter Offer: 26 June 2004
4. Date of Loan Agreement: 03 August 2004
5. Standing Instruction / Auto Debit: Yes
SMR PLAN Case Study 3 21SMRPlan.com
In-depth Analysis >>>
3. Original Mortgage Information
A. Loan Principal
Amount: RM136,680.00
MRTA: RM5,280.00
Legal Fee: RM0.00
Valuation Fee: RM0.00
Others: RM0.00
Total: RM141,960.00
C. Mortgage Type: Adjustable Rates Mortgage
Re
pay
me
nt
B. Period: 360 Months (780 Bi-weeks)
D. Basis Year: 360 Days
G. Exact Day: No
E. Compounded Interest: Daily
F. Payment Frequency:
Bi-Weekly
H. Base Lending Rate: 6.00%
I. Number of Tier: 5
J. Interest Rate:
Tier 1: 12 Months 2.00% = 2.00%
Tier 2: 12 Months BLR - 1.00% = 5.00%
Tier 3: 36 Months BLR + 0.35% = 6.35%
Tier 4: 120 Months BLR + 0.25% = 6.25%
Tier 5: 180 Months BLR + 0.00% = 6.00%
K. Repayment :
Tier Monthly Bi-Weekly
1 RM525.00 RM262.50
2 RM754.00 RM377.00
3 RM869.00 RM434.50
4 RM861.00 RM430.50
5 Thereafter
RM847.00 RM423.50
L. Loan Disbursement:
First Release: Unknown
Final Release: Unknown
M. 1st Repayment Date: 9 January 2007
N. Total
Repayment:
RM302,410.00
Total Interest
RM160,452.00
Total Principal
RM141,960.00
SMR PLAN Case Study 3 22SMRPlan.com
What about Current Mortgage Analysis? >>>
Interest will be charged by us at the agreed
rate/s (item 4(a)) per annum on daily
balance calculated on 1/2 basis for a
period or periods as stated (item 4 (a))
from the date of first drawdown or three
(3) months after the date of the Letter of
Offer whichever is earlier and payable
monthly to the debit of your account or
any other account(s) to be opened by
the Bank for this purpose.(By the way of fortnightly installments
each in the amount of half the monthly
installments specified for the respective
periods in the Letter of Offer (item 4(a)),
the first of such installments will be
debited to your account on or before the
1st of each month commencing in the
month of full drawdown of the facility or on
such other date as shall be fixed from time
to time by the Bank and subsequent
instalments on or before 14 days
thereafter. The total of all such fortnightly
instalments including any final adjustment
shall not exceed the tenure specified in the
Letter of Offer (item 4(a)).
4. Current Mortgage Information
SMR PLAN Case Study 3 23SMRPlan.com
What’s your problem? >>>
B. No. of Installments
Paid: 176 Bi-weeks
C. Number of Installments Remaining: 604 Bi-weeks
D. Outstanding Balance: RM122,850.73
E. Current BLR: 6.60%
J. No. of Installments
Extended
Rep
aym
ent
B. Period: 360 Months (780 Bi-weeks) 2 Bi-weeks
A. As at: 24 Sep 2013
F. Number of Tier Remaining: 1
G. Interest Rate: BLR – 1.50% = 5.10%
H. Repayment:
RM346.76
I. Current Loan Tenure:
606 Bi-weeks
K. Total
Repayment:
RM210,136.56 Total Interest
RM87,285.83
Total Principal
RM122,850.73
Total Repayment Paid:
RM70,574.17
Total Principal Paid:
RM19,378.19
Total Interest Paid:
RM51,195.98
5. What’s your PROBLEM?
SMR PLAN Case Study 3 24SMRPlan.com
What are the root causes? >>>
No Particular Original Current Problem
1Tenure Remaining
2Total Repayment
3Total Interest
604 Bi-weeks 606 Bi-weeksExtended
2 Bi-weeks
RM209,443.04 RM210,136.56Additional
RM693.52
RM86,592.31 RM87,285.83Additional
RM693.52
6. What are the ROOT CAUSES of your PROBLEM?
SMR PLAN Case Study 3 25SMRPlan.com
Fluctuation of BLR >>>
Current Loan Tenure
606 Bi-weeks&
Total InterestRM87,285.83
Problem
Root
Causes
Fluctuation
of
BLR
BecauseNo Additional SMR Schedule
Fluctuation of BLR
SMR PLAN Case Study 3 26SMRPlan.com
What should you do next? >>>
6.00%
6.75%
6.50%
5.95%
5.55%
5.80%
6.05%
6.30%
6.60%
5.50%
5.70%
5.90%
6.10%
6.30%
6.50%
6.70%
2004 2005 2006 2007 2008 2009 2010 2011 2012
SMR FORMULATION
1. SMR Target
2. SMR Methodology
SMR PLAN Case Study 3 27SMRPlan.com
1. SMR Target
SMR PLAN Case Study 3 28SMRPlan.com
B. No. of Installments Paid: 176 Bi-
weeks
Number of Installments Remaining: 176 Bi-weeks
J. No. of Installments
Extended
Rep
aym
ent
B. Period: 360 Months (780 Bi-weeks) 2 Bi-weeks
Current Loan Tenure: 606 Bi-weeks
Total Interest
RM87,285.83
Total Principal
RM122,850.73
Package Save Bi-weeks Interest
SMR50 50% 303 RM43,643.92
How to achieve it? >>>
2. SMR Methodology
SMR PLAN Case Study 3 29SMRPlan.com
B. No. of Installments
Paid: 176 Bi-weeks
J. No. of Installments
Extended
Rep
aym
ent
B. Period: 360 Months (780 Bi-weeks) 2 Bi-weeks
Total Interest
RM87,285.83
Total Principal
RM315,526.40
Package Save Bi-weeks Interest
SMR50 50% 303 RM43,643.92
Total Interest
RM43,643.91
Total Principal
RM122,850.73Save
50% Time
&
50% Interest
With
SMR Schedule
>>>
Number of Installments Remaining: 176 Bi-weeks
Current Loan Tenure: 606 Bi-weeks
SMR SCHEDULE
SMR PLAN Case Study 3 30SMRPlan.com
SMR SCHEDULE
A SMR Schedule for SMR Implementation with effective from 8 October 2013.
The Applicant is required to CONTROL the SMR Schedule by follow up,
review and feedback at the “Remarks” column.
SMR PLAN Case Study 3 31SMRPlan.com
The different between BANK and SMR Schedule.
Graduated Payment Scheme >>>
No Particulars Bi-weeksTotal
Payment Interest Principal
1 Bank
2 SMR50
3 Savings
606 RM210,136.56 RM87,285.83 RM122,850.73
279 RM166,180.35 RM43,329.62 RM122,850.73
327 RM43,956.21
53.96% 50.36%
SMR SCHEDULE
In SMR Schedule, the payments are GRADUATED EVERY BI-WEEK
to cut your HSBC Existing Installment Homemaker 327 Bi-weeks
(53.96%) & MYR43,956.21 Interest.
SMR PLAN Case Study 3 32SMRPlan.com
How to IMPLEMENT? >>>
-
100.00
200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1,000.00
1
14
27
40
53
66
79
92
10
5
11
8
13
1
14
4
15
7
17
0
18
3
19
6
20
9
22
2
23
5
24
8
26
1
27
4
SMR IMPLEMENTATION
SMR PLAN Case Study 3 33SMRPlan.com
Effective8th October 2013
Implementation
The Applicant must promptly pay the exact bi-weekly
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 bi-weekly instalment
repayment is made by way of CASH or by CHEQUE to
Loan Account.
SMR PLAN Case Study 3 34SMRPlan.com
More >>>
Implementation
The Outstanding Balance with the Lender shall not
include incidental charges such as insurance
premiums, penalty charges, late payment charges,
monthly/bi-weekly administrative charges and legal
fees.
SMR PLAN Case Study 3 35SMRPlan.com
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 bi-weekly 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 3 36SMRPlan.com
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 3 37SMRPlan.comQ & A >>>
Q & A
SMR PLAN Case Study 3 38SMRPlan.com
Ok, now is the Q & A.
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<<< Outline
FREE GIFT
SMR PLAN Case Study 3 39SMRPlan.com
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.
Conclusion
SMR PLAN Case Study 3 40SMRPlan.com
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