SMR PLAN Case Study 5 1SMRPlan.com
• Event: Webinar• Language: English• Date: 7th Jan 2014• Day: Tuesday
• Time: 10AM-11AM
• Venue: Online
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• Gift: Free SMR PLAN Analysis
5
Discover How SMR PLAN Helped Loan BorrowerExisting Instalment
Home Xpress Loan (FIXED)Cut 233 Months (77.41%)
& MYR139,788.91 Interest (76.30%)
OUTLINE
SMR PLAN Case Study 5 2SMRPlan.com
1. Introduction
2. SMR PLAN Process
3. Q & A
4. FREE GIFT
5. Conclusion
5
Introduction
SMR PLAN Case Study 5 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 5 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
In addition >>>
272 Months 301 Months 29 Months
RM293,760.00 RM325,080.00 RM31,320.00
RM151,898.75 RM183,218.75 RM31,320.00
OUT-OF-DEBT PLAN
SMR PLAN Case Study 5 5SMRPlan.com
You will also discover the SOLUTION of an OUT-OF-DEBT PLAN as illustrated below.
No Particulars MonthsTotal
Payment Interest Principal
1 Bank
2 SMR75
3 Savings
Good News >>>
301 RM325,080.00 RM183,218.75 RM141,861.25
68 RM185,291.09 RM43,429.84 RM141,861.25
233 RM139,788.91
77.41% 76.30%
SMR PLAN
SMR PLAN Case Study 5 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 5 7SMRPlan.com
Ask a Question >>>
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2 • Sign Up FREE Member
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4 • Upload Loan Documents
5 • FREE SMR PLAN Analysis
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Ask a Question
SMR PLAN Case Study 5 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 CIMB Bank Berhad Existing Instalment Home Xpress Loan
(FIXED) 233 Months (77.41%) & MYR139,788.91 Interest (76.30%).
SMR PLAN Case Study 5 9SMRPlan.com
SMR PLAN Process
Let us share with
you step by step.
ANALYSIS
Documents
1. Letter of Offer: 19 July 1999
2. Date of First Payment: 31 March 2001
3. Latest Bank Statement as at: 30 June 2013
SMR PLAN Case Study 5 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 Monthly Repayment
I Current Loan Tenure
J Number of Instalment Adjusted (I – D)
K Total Repayment (H x I)
L Total Interest (K – E)
RM170,000.00
420 Months
148 Months
272 Months
RM141,861.25
6.60%
BLR + 1.25% 7.85%
RM1,080.00
301 Months
Extended 29 Months
RM325,080.00
RM183,218.75
SMR PLAN Case Study 5 11SMRPlan.comSMR Formulation >>>
SMR FORMULATION
Package Save Time Interest Fee Charge Rental / Cash Return
SMR25 25%
SMR50 50%
SMR75 75%
76Months
151Months
226Months
RM45,804.69
RM91,609.38
RM137,414.06
1%
1.5%
2%
RM1,418.61
RM2,127.92
RM2,837.23
RM1,080.00
RM82,080.00
RM163,080.00
RM244,080.00
The applicant selected SMR75 package to cut 75% Time & 75% Interest.
SMR PLAN Case Study 5 12SMRPlan.com
<<< SMR PLAN Process
APPLICATION
Sign Up SMRPlan.com FREE Member
Submit Application
For SMR Plan
Acknowledge Receipt of
Application
14th May 2013
16th May 201316th May 2013
SMR PLAN Case Study 5 13SMRPlan.com
<<< SMR PLAN Process
AGREEMENT
Approval Execution
16th May 2013 25th May 2013
SMR PLAN Case Study 5 14SMRPlan.com
<<< SMR PLAN Process
PAYMENT
25th May 2013
SMR PLAN Fee
Service Tax
Total
SMR PLAN Case Study 5 15SMRPlan.com
<<< SMR PLAN Process
DOCUMENTS ANDINFORMATION
Prepared
InquiryReceived
13th Jun 2013
19th Jun 201315th Aug 2013
SMR PLAN Case Study 5 16SMRPlan.com
<<< SMR PLAN Process
SMR PLAN
SMR
ANALYSIS
SMR FORMULATION
SMR
SCHEDULE
SMR IMPLEMENTATION
19th Aug 2013
Effective1st August 2013
SMR PLAN Case Study 5 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 5 18SMRPlan.com
1. Property Information
1. Date of Sales & Purchase Agreement: Unknown
2. Property: Single Storey Terrace House
3. Housing Scheme: Existing Stock Unit
4. Purchase Price: Unknown
5. Down Payment: Unknown
SMR PLAN Case Study 5 19SMRPlan.com
2. LENDER Information
1. Banking Institutions: Commercial Bank
2. Lender: CIMB Bank Berhad
SMR PLAN Case Study 5 20SMRPlan.com
3. Original Mortgage Information
1. Loan Status: Existing Instalment
2. Loan Type: Home Xpress Loan (FIXED)
3. Date of Letter Offer: 19 July 1999
4. Date of Loan Agreement: 3 November 2000
5. Standing Instruction / Auto Debit: Yes
SMR PLAN Case Study 5 21SMRPlan.com
In-depth Analysis >>>
3. Original Mortgage
Information
A. Loan Principal
Amount: RM170,000.00
MRTA: RM0.00
Legal Fee: RM0.00
Valuation Fee: RM0.00
Others: RM0.00
Total: RM170,000.00
C. Mortgage Type: Adjustable Rates Mortgage
Re
pay
me
nt
B. Period: 420 Months
D. Basis Year: 365 Days
G. Exact Day: No
E. Compounded Interest: Monthly
F. Payment Frequency:
Monthly
H. Base Lending Rate: 7.25 %
I. Number of Tier: 2
J. Interest Rate:
Tier 1: 24 Months 6.85% = 6.85%
Tier 2: 396 Months BLR + 1.25% = 8.50% K. Repayment :
Tier 1 : RM1,068.00
Thereafter : RM1,270.00
L. Loan Disbursement:
First Release: Unknown
Final Release: 28 February 2001
M. 1st Repayment Date: 31 March 2001
N. Total
Repayment:
RM 528,552.00
Total Interest
RM358,552.00
Total Principal
RM170,000.00
SMR PLAN Case Study 5 22SMRPlan.com
What about Current Mortgage Analysis? >>>
Monthly rest or such other rest
period or other rate of interest
as may be provided for in the
Agreement or which may
otherwise determined by the
Lender in writing.
Repayments are to commence
within three years of
approval of this loan or
one month after the date of
final disbursement,
whichever is earlier.
4. Current Mortgage Information
SMR PLAN Case Study 5 23SMRPlan.com
What’s your problem? >>>
B. No. of Installments
Paid: 148 Months
C. Number of Installments Remaining: 272 Months
D. Outstanding Balance: RM141,861.25
E. Current BLR: 6.60%
J. No. of Installments
Extended
Rep
aym
ent
B. Period: 420 Months 29 Months
A. As at: 30 June 2013
F. Number of Tier Remaining: 1
G. Interest Rate: BLR + 1.25% = 7.85%
H. Repayment:
RM1,080.00
I. Current Loan Tenure:
301 Months
K. Total
Repayment:
RM325,080.00 Total Interest
RM183,218.75
Total Principal
RM141,861.25
Total Repayment Paid:
RM183,112.00
Total Principal Paid:
RM28,138.75
Total Interest Paid:
RM154,973.25
5. What’s your PROBLEM?
SMR PLAN Case Study 5 24SMRPlan.com
What are the root causes? >>>
No Particular Original Current Problem
1Tenure Remaining
2Total Repayment
3Total Interest
272 Months 301 Months 29 Months
RM293,760.00 RM325,080.00 RM31,320.00
RM151,898.75 RM183,218.75 RM31,320.00
6. What are the ROOT CAUSES of your PROBLEM?
SMR PLAN Case Study 5 25SMRPlan.com
Fluctuation of BLR >>>
Current Loan Tenure
301 Months&
Total InterestRM183,218.75
Problem
Root
Causes
Fluctuation
of
BLR
BecauseNo Additional SMR Schedule
Fluctuation of BLR
SMR PLAN Case Study 5 26SMRPlan.com
What should you do next? >>>
8.00%
6.75%
6.50%
6.00%
6.75%
6.50%
5.95%
5.55%
5.80%
6.05%
6.30%
6.60%
5.50%
6.00%
6.50%
7.00%
7.50%
8.00%
1999 2001 2003 2005 2007 2009 2011
SMR FORMULATION
1. SMR Target
2. SMR Methodology
SMR PLAN Case Study 5 27SMRPlan.com
1. SMR Target
SMR PLAN Case Study 5 28SMRPlan.com
B. No. of Installments
Paid:148 Months
Number of Installments Remaining: 272 Months
J. No. of Installments
Extended
Rep
aym
ent
B. Period: 420 Months 29 Months
Current Loan Tenure: 301 Months
Total Interest
RM183,218.75
Total Principal
RM141,861.25
Package Save Months Interest
SMR75 75% 226 RM137,414.06
How to achieve it? >>>
2. SMR Methodology
SMR PLAN Case Study 5 29SMRPlan.com
B. No. of Installments
Paid:148 Months
J. No. of Installments
Extended
Rep
aym
ent
B. Period: 420 Months 29 Months
Total Interest
RM183,218.75
Total Principal
RM141,861.25
Package Save Months Interest
SMR75 75% 226 RM137,414.06
Total
Interest
RM45,804.69
Total
Principal
RM141,861.25Save
75% Time
&
75% Interest
With
SMR Schedule
>>>
Number of Installments Remaining: 272 Months
Current Loan Tenure: 301 Months
SMR SCHEDULE
SMR PLAN Case Study 5 30SMRPlan.com
SMR SCHEDULE
A SMR Schedule for SMR Implementation with effective from 1 August 2013.
The Applicant is required to CONTROL the SMR Schedule by follow
up, review and feedback at the “Remarks” column.
SMR PLAN Case Study 5 31SMRPlan.com
The different between BANK and SMR Schedule.
Graduated Payment Scheme >>>
No Particulars MonthsTotal
Payment Interest Principal
1 Bank
2 SMR75
3 Savings
301 RM325,080.00 RM183,218.75 RM141,861.25
68 RM185,291.09 RM43,429.84 RM141,861.25
233 RM139,788.91
77.41% 76.30%
SMR SCHEDULE
In SMR Schedule, the payments are GRADUATED EVERY MONTH to cut
CIMB Bank Berhad Existing Instalment Home Xpress Loan (FIXED) 233
Months (77.41%) & MYR139,788.91 Interest (76.30%).
SMR PLAN Case Study 5 32SMRPlan.com
How to IMPLEMENT? >>>
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67
SMR IMPLEMENTATION
SMR PLAN Case Study 5 33SMRPlan.com
Effective1st August 2013
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.
SMR PLAN Case Study 5 34SMRPlan.com
More >>>
Implementation
The Outstanding Balance with the Lender shall not
include incidental charges such as insurance
premiums, penalty charges, late payment
charges, administrative charges and legal fees.
SMR PLAN Case Study 5 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 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.
SMR PLAN Case Study 5 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 5 37SMRPlan.comQ & A >>>
Q & A
SMR PLAN Case Study 5 38SMRPlan.com
Ok, now is the Q & A.
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<<< Outline
FREE GIFT
SMR PLAN Case Study 5 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 5 40SMRPlan.com
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