smr plan case study 6
TRANSCRIPT
DISCOVER HOW SMR PLAN HELPED LOAN
BORROWER
EXISTING INSTALMENT
MORTGAGEONE
CUT 224 MONTHS (75.17%)
& MYR80,618.79 INTEREST (77.64%)
S M R P L A N . C O M 1
• Event: Webinar• Language: English• Date: 6th Mar 2014• Day: Thursday
• Time: 10AM-11AM• Venue: Online• Fee: FOC• Gift: Free SMR PLAN Analysis
6
OUTLINE
S M R P L A N . C O M 2
1. Introduction
2. SMR PLAN Process
3. Q & A
4. FREE GIFT
5. Conclusion
6
INTRODUCTION
S M R P L A N . C O M 3
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
S M R P L A N . C O M 4
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 >>>
298 Months 298 Months 0 Months
RM242,366.38 RM242,366.38 RM0.00
RM103,839.40 RM103,839.40 RM0.00
OUT-OF-DEBT PLAN
S M R P L A N . C O M 5
You will also discover the SOLUTION of an OUT-OF-DEBT PLAN as illustrated below.
Good News >>>
No Particulars MonthsTotal
Payment Interest Principal
1 Bank
2 SMR75
3 Savings
298 RM242,366.38 RM103,839.40 RM138,526.98
74 RM161,747.59 RM23,220.61 RM138,526.98
224 RM80,618.79
75.17% 77.64%
SMR PLAN
S M R P L A N . C O M 6
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
S M R P L A N . C O M 7Ask 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.
ASK A QUESTION
S M R P L A N . C O M 8
• 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 Standard Chartered Bank Malaysia Berhad Existing Instalment
MortgageOne 224 Months (75.17%) & MYR80,618.79 Interest (77.64%).
S M R P L A N . C O M 9
SMR PLAN Process
Let us share with
step by step.
ANALYSIS
Documents
1. Letter of Offer: 14 August 2008, 15 August 2008, 16 August 2008, 9 October 2008
2. Date of First Payment: 30th November 2008
3. Latest Bank Statement as at: 31st December 2013
S M R P L A N . C O M 10
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)
RM159,032.95
360 Months
62 Months
298 Months
RM138,526.98
6.60%
BLR – 2.05% 4.55%
RM813.31
298 Months
Extended 0 Months
RM242,366.38
RM103,839.40
S M R P L A N . C O M 11SMR Formulation >>>
SMR FORMULATION
Package Save Time Interest Fee Charge Rental / Cash Return
SMR25 25%
SMR50 50%
SMR75 75%
76Months
150Months
224Months
RM25,959.85
RM51,919.70
RM77,879.55
1%
1.5%
2%
RM1,385.27
RM2,077.90
RM2,770.54
RM813.31
RM60,998.25
RM121,996.50
RM182,181.44
The applicant selected SMR75 package to cut 75% Time & 75% Interest.
S M R P L A N . C O M 12<<< SMR PLAN Process
APPLICATION
Sign Up SMRPlan.com FREE Member
Submit Application
For SMR Plan
Acknowledge Receipt of Application
4th December 2013
14th December 201320th December 2013
S M R P L A N . C O M 13<<< SMR PLAN Process
AGREEMENT
Approval Execution
21st December 2013 26th December 2013
S M R P L A N . C O M 14<<< SMR PLAN Process
PAYMENT
26th December 2013
SMR PLAN Fee
Service Tax
Total
S M R P L A N . C O M 15<<< SMR PLAN Process
DOCUMENTS ANDINFORMATION
Prepared
InquiryReceived
30th December 2013
31st December 2013
11th February 2014
S M R P L A N . C O M 16<<< SMR PLAN Process
SMR PLAN
SMR
ANALYSIS
SMR FORMULATION
SMR
SCHEDULE
SMR IMPLEMENTATION
12th February 2014
S M R P L A N . C O M 17
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?
S M R P L A N . C O M 18
1. Property Information
1. Date of Sales & Purchase Agreement: 14-Feb-2001
2. Property: Double Storey Terrace House
3. Housing Scheme: Under Construction Unit
4. Purchase Price: RM208,000.00
5. Down Payment: RM56,000.00
S M R P L A N . C O M 19
2. LENDER Information
1. Banking Institutions: Commercial Bank
2. Lender: Standard Chartered Bank Malaysia Berhad
S M R P L A N . C O M 20
3. Original Mortgage Information
1. Loan Status: Existing Instalment
2. Loan Type: MortgageOne
3. Date of Letter Offer: 15 August 2008
4. Date of Loan Agreement: 13-Nov-2008
5. Standing Instruction / Auto Debit: Yes
S M R P L A N . C O M 21
In-depth Analysis >>>
S M R P L A N . C O M 22
3. Original Mortgage Information
A. Loan Principal
Amount: RM156,000.00
MRTA: RM3,032.95
Legal Fee: RM0.00
Valuation Fee: RM0.00
Others: RM0.00
Total: RM159,032.95
C. Mortgage Type: Adjustable Rates Mortgage
Re
pa
yme
nt
B. Period: 360 Months
D. Basis Year: 365 Days
G. Exact Day: Yes
E. Compounded Interest: Daily
F. Payment Frequency:
Monthly
H. Base Lending Rate: 6.75%
I. Number of Tier: 4
J. Interest Rate:
Tier 1: 12 Months BLR - 1.75% = 5.00%
Tier 2: 12 Months BLR - 1.75% = 5.00%
Tier 3: 36 Months BLR - 1.70% = 5.05%
Tier 4: 300 Months BLR - 2.05% = 4.70%
K. Repayment :
Tier Months Monthly
1 12 RM853.72
2 12 RM853.69
3 36 RM858.32
4 300 RM828.72
L. Loan Disbursement:
First Release: 31 October 2008
Final Release: 05 January 2009
M. 1st Repayment Date: 30 November 2008
N. Total
Repayment:
RM299,764.44
Total Interest
RM140,731.49
Total Principal
RM159,032.95
What about
Current
Mortgage
Analysis? >>>
Year 1: the date of the first
disbursement until
30/11/2009. Year 2:
1/12/2009 until
30/11/2009. Year 3 to
Year 5: 1/12/2010 until
30/11/2013.
Subsequent years:
1/12/2013 and
thereafter.
Interest on the facility (ies)
(other than the overdraft
facility) shall be calculated on
a daily basis and capitalized
monthly. Until commencement
of the instalment repayment,
interest shall be paid monthly
in arrears commencing from
the corresponding date falling
one month after the first
drawndown date.
4. Current Mortgage Information
S M R P L A N . C O M 23What’s your problem? >>>
B. No. of
Installments
Paid:
62 Months
C. Number of Installments Remaining: 298 Months
D. Outstanding Balance: RM138,526.98
E. Current BLR: 6.60%
J. No. of
Installments
Extended
Re
pa
yme
nt
B. Period: 360 Months 0 Months
A. As at: 31 December 2013
F. Number of Tier Remaining: 1
G. Interest Rate: BLR – 2.05% = 4.55%
H. Repayment:
RM813.31
I. Current Loan Tenure:
298 Months
K. Total
Repayment:
RM242,366.38 Total Interest
RM103,839.40
Total Principal
RM138,526.98
Total Repayment Paid:
RM52,805.88
Total Principal Paid:
RM20,505.97
Total Interest Paid:
RM32,299.91
5. What’s your PROBLEM?
S M R P L A N . C O M 24What are the root causes? >>>
No Particular Original Current Problem
1Tenure
Remaining
2Total
Repayment
3Total
Interest
298 Months 298 Months 0 Months
RM242,366.38 RM242,366.38 RM0.00
RM103,839.40 RM103,839.40 RM0.00
6. What are the ROOT CAUSES of your PROBLEM?
S M R P L A N . C O M 25
Current Loan
Tenure
298 Months
&
Total Interest
RM103,839.40
Problem
Root
Causes
Fluctuation
of
BLR
MortgageOne
No Additional
SMR
Schedule
Consolidated
Statement
Fluctuation of BLR
S M R P L A N . C O M 26
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%
2007 2008 2009 2010 2011
Consolidated Statement
S M R P L A N . C O M 27
Loan Account
31 Dec 2013
Outstanding Loan Amount
RM138,526.98
Current Account
15 Jan 2014
Available Credit For Withdrawal
Cash
RM40,855.71
Consolidated Statement
15 Jan 2014
Loan Account Number: xxx-x-xxxxxxx-x
RM Balance
97,641.27
Interest Saved
RM6,478.06
Monthly Installment @
Next Due Date
RM813.03
31 Jan 2014
Interest Rate %
4.5500%
−Total Loan Limit
Available
(redemption
reference) at last
due date:
RM145,005.04
1. SMR Target
S M R P L A N . C O M 29
B. No. of
Installments
Paid:
62 Months
Number of Installments Remaining: 298 Months
J. No. of
Installments
Extended
Re
pa
yme
nt
B. Period: 360 Months 0 Months
Current Loan Tenure: 298 Months
Total Interest
RM103,839.40
Total Principal
RM138,526.98
Package Save Months Interest
SMR75 75% 224 RM77,879.55
How to achieve it? >>>
2. SMR Methodology
S M R P L A N . C O M 30
B. No. of
Installments
Paid:
62 Months
J. No. of
Installments
Extended
Re
pa
yme
nt
B. Period: 360 Months 0 Months
Total Interest
RM103,839.40
Total Principal
RM138,526.98
Package Save Months Interest
SMR75 75% 224 RM77,879.55
Total
Interest
RM25,959.85
Total
Principal
RM138,526.98Save
75% Time
&
75% Interest
With
SMR Schedule
>>>
Number of Installments Remaining: 298 Months
Current Loan Tenure: 298 Months
SMR SCHEDULE
A SMR Schedule for SMR Implementation with effective from 31st January 2014.
The Applicant is required to CONTROL the SMR Schedule by follow up,
review and feedback at the “Remarks” column.
S M R P L A N . C O M 32
The different between BANK and SMR Schedule.
Graduated Payment Scheme >>>
No Particulars MonthsTotal
Payment Interest Principal
1 Bank
2 SMR75
3 Savings
298 RM242,366.38 RM103,839.40 RM138,526.98
74 RM161,747.59 RM23,220.61 RM138,526.98
224 RM80,618.79
75.17% 77.64%
SMR SCHEDULE
In SMR Schedule, the payments are GRADUATED EVERY MONTH to cut
Standard Chartered Bank Malaysia Berhad Existing Instalment MortgageOne
224 Months (75.17%) & MYR80,618.79 Interest (77.64%).
S M R P L A N . C O M 33How to IMPLEMENT? >>>
-
500.00
1,000.00
1,500.00
2,000.00
2,500.00
3,000.00
3,500.00
1 5 9 13 17 21 25 29 33 37 41 45 49 53 57 61 65 69 73
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.S M R P L A N . C O M 35More >>>
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.
S M R P L A N . C O M 36
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.
S M R P L A N . C O M 37How 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.
S M R P L A N . C O M 38Q & A >>>
Q & A
S M R P L A N . C O M 39
Ok, now is the Q & A.
• Should you have anyquestions, please click“Ask a Question” toStart Chat NOW and weare going to answereach question NOW.
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FREE GIFT
S M R P L A N . C O M 40
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
S M R P L A N . C O M 41
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