SMR PLAN Case Study 3

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


1. Introduction

2. SMR PLAN Process

3. Q & A

4. FREE GIFT

5. Conclusion

3

Introduction


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


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


RM693.52

In addition >>>

OUT-OF-DEBT PLAN


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


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


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

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


• 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 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 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 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



AGREEMENT

Approval Execution

19th August 2013 1st September 2013



PAYMENT

2nd September 2013

SMR PLAN Fee

Service Tax

Total



DOCUMENTS ANDINFORMATION

Prepared

InquiryReceived

3rd September 2013

5th September 2013

25th September 2013



SMR PLAN

SMR

ANALYSIS

SMR FORMULATION

SMR

SCHEDULE

SMR IMPLEMENTATION

25th September 2013

Effective8th October 2013


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?


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


2. LENDER Information

1. Banking Institutions: Commercial Bank

2. Lender: HSBC Bank Malaysia Berhad


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


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


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


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?


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


RM693.52


RM693.52

6. What are the ROOT CAUSES of your PROBLEM?


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


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


1. SMR Target


B. No. of Installments Paid: 176 Bi-

weeks

Number of Installments Remaining: 176 Bi-weeks


Extended

Rep

aym

ent


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


B. No. of Installments

Paid: 176 Bi-weeks


Extended

Rep

aym

ent


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 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.


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.


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


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.


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.


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.


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


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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<<< Outline

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.

Conclusion


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Economy & Finance

SMR PLAN Case Study 3