RECOMMENDED & ESTIMATED TIME

BLM

MASTER TITLE (BANK LOAN)

FLOW CHART
ESTIMATED
NO. OF DAYS

BOOKING & APPLY

LOAN

APPLY FOR BANK LOAN IMMEDIATELY

AFTER BOOKING
14 SIGN SPA WITHIN 14 DAYS
SIGN SPA

WITHIN 3 WEEKS
7 FROM THE BOOKING DATE

LOAN APPROVED &

SIGN LETTER OF OFFER

ABOUT 10 DAYS AFTER

YOU SIGN LETTER
PAY DIFF SUM
10 OF OFFER
IN ADVANCE
(IF ANY)

PURCHASER TO SIGN
LOAN DOCUMENT &
PAY LEGAL FEES

PAYMENT

CHECKLIST

REMARKS

1) BOOKING FEES

1) BALANCE OF 1ST 10%

2) LEGAL FEES ON SPA
(IF NOT SUBSIDIZED BY DEVELOPER)
3) DISBURSEMENT

1) DIFFERENTIAL SUM
(REFER TO NOTE 1)
2) MRTA (IF APPLICABLE)

1) LEGAL FEES FOR LOAN

BANK WILL NORMALLY SIGN

LOAN DOCUMENT WITHIN 2 WEEKS
14 FROM THE DATE THEY RECEIVE DOCUMENT
BANK TO SIGN LOAN
DOCUMENT

7 DAYS FOR DEVELOPER TO SIGN & RETURN

7 TO THE LAWYER

DEVELOPER TO SIGN
LOAN DOCUMENT

DEVELOPER TO REDIRECT BILLING TO

THE BANK

LAWYER TO PROCEED WITH STAMPING AND

7 REGISTRATION OF LOAN DOCUMENT
LAWYER TO ADVISE
BANK TO RELEASE
MONEY

BANK TO CHECK DOCUMENTATION &

OTHER TERMS & CONDITIONS
AND RELEASE PAYMENT
ABOUT 7- 14 DAYS DEPENDING ON
14 WHICH BANK

BANK RELEASE
PROGRESSIVE
PAYMENT

73 TOTAL NO. OF DAYS TAKEN

VACANT POSSESSION

MEMORANDUM OF
TRANSFER

1) STAMP DUTY FOR TRANSFER

OF TITLE TO PURCHASER
(PAYABLE TO GOVERNMENT)

NOTE 1:
1)

WHAT IS DIFFERENTIAL SUM ?

DIFFERENTIAL SUM IS THE DIFFERENCE BETWEEN THE PURCHASE PRICE AND THE LOAN AMOUNT.
PLEASE REFER TO THE FOLLOWING EXAMPLE.

2)

WHY SHOULD PURCHASER PAY IN ADVANCE ?

FULL SETTLEMENT OF DIFFERENTIAL SUM IS ONE OF THE CONDITIONS BEFORE BANK RELEASE PAYMENT.
THE DELAY IN YOUR DIFFERENTIAL SUM PAYMENT WILL CAUSE DELAY IN PAYMENT BY THE BANK AND THUS INCUR LATE PAYMENT CHARGES.

EXAMPLE OF DIFFERENTIAL SUM:

ASSUMING THE PURCHASE PRICE IS RM 200,000.00

LESS:

PURCHASE PRICE
TOTAL LOAN (MARGIN=85%)
DIFFERENTIAL SUM

RM
200,000.00
170,000.00
30,000.00

DISCLAIMER:
THE ABOVE ILLUSTRATION INTEND TO SERVE AS A GUIDELINE
ONLY AND SHALL NOT IN ANY EVENT PREJUDICE THE CONTENT
OF THE SALE AND PURCHASE AGREEMENT.
ON GOODWILL BASIS, WE WILL GRANT YOU 90 DAYS
INTEREST-FREE GRACE PERIOD.
258906349.xls/BLM

RECOMMENDED & ESTIMATED TIME

GLM

MASTER TITLE (GOVERNMENT LOAN)

FLOW CHART
ESTIMATED
NO. OF DAYS

BOOKING & SIGN

SPA

APPLY FOR GOVT LOAN IMMEDIATELY

14 AFTER RECEIPT OF STAMPED SPA
RECEIVE STAMPED
SPA & APPLY GOVT
LOAN

LOAN WILL BE APPROVED

14 WITHIN 10-14 DAYS

LOAN APPROVED,
SIGN & RETURN
BORANG E TO BPP

SIGN LOAN DOCUMENT

WITHIN 1 WEEK
PAY DIFF SUM
AFTER THE LOAN
IN ADVANCE
7 APPROVED
(IF ANY)

PURCHASER TO SIGN
LOAN DOCUMENT & PAY
LEGAL FEES

PAYMENT

CHECKLIST

REMARKS

1) BOOKING FEES

1) BALANCE OF 1ST 10%

2) LEGAL FEES ON SPA
(IF NOT SUBSIDIZED BY S2)
3) DISBURSEMENT

1) DIFFERENTIAL SUM
(REFER TO NOTE 1)
2) MRTA (IF APPLICABLE)

1) LEGAL FEES FOR LOAN

7 DAYS FOR DEVELOPER TO SIGN & RETURN

7 TO THE LAWYER
DEVELOPER TO SIGN
LOAN DOCUMENT
BPP WILL NORMALLY SIGN LOAN
DOCUMENT WITHIN 2-3 WEEKS FROM
21 THE DATE THEY RECEIVE DOCUMENT
BPP TO SIGN LOAN
DOCUMENT

LAWYER TO PROCEED WITH STAMPING AND

7 REGISTRATION OF LOAN DOCUMENT
LAWYER TO ADVISE
BPP TO RELEASE
PAYMENT

TO SEND BILLING TO BPP

3 WITHIN 3 DAYS

BPP TO CHECK DOCUMENTATION &

OTHER TERMS & CONDITIONS
21 AND RELEASE PAYMENT

DEVELOPER TO SEND
BILLING TO BPP

BANK RELEASE
PROGRESSIVE
PAYMENT

94 TOTAL NO. OF DAYS TAKEN

VACANT POSSESSION

MEMORANDUM OF
TRANSFER

1) STAMP DUTY FOR TRANSFER

OF TITLE TO PURCHASER
(PAYABLE TO GOVERNMENT)

NOTE 1:
1)

WHAT IS DIFFERENTIAL SUM ?

DIFFERENTIAL SUM IS THE DIFFERENCE BETWEEN THE PURCHASE PRICE AND THE LOAN AMOUNT.
PLEASE REFER TO THE FOLLOWING EXAMPLE.

2)

WHY SHOULD PURCHASER PAY IN ADVANCE ?

FULL SETTLEMENT OF DIFFERENTIAL SUM IS ONE OF THE CONDITIONS BEFORE BANK RELEASE PAYMENT.
THE DELAY IN YOUR DIFFERENTIAL SUM PAYMENT WILL CAUSE DELAY IN PAYMENT BY THE BANK AND THUS INCUR LATE PAYMENT CHARGES.

EXAMPLE OF DIFFERENTIAL SUM:

ASSUMING THE PURCHASE PRICE IS RM 200,000.00

LESS:

PURCHASE PRICE
TOTAL LOAN (MARGIN=85%)
DIFFERENTIAL SUM

RM
200,000.00
170,000.00
30,000.00

DISCLAIMER:
THE ABOVE ILLUSTRATION INTEND TO SERVE AS A GUIDELINE
ONLY AND SHALL NOT IN ANY EVENT PREJUDICE THE CONTENT
OF THE SALE AND PURCHASE AGREEMENT.
ON GOODWILL BASIS, WE WILL GRANT YOU 90 DAYS
INTEREST-FREE GRACE PERIOD.

258906349.xls/GLM

RECOMMENDED & ESTIMATED TIME

BLI

INDIVIDUAL TITLE (BANK LOAN)

FLOW CHART
ESTIMATED
NO. OF DAYS

APPLY FOR BANK LOAN IMMEDIATELY

AFTER BOOKING
14 SIGN SPA WITHIN 14 DAYS

BOOKING & APPLY

LOAN

1) BOOKING FEES

SIGN SPA & MOT,

COT & COC FORMS
(REFER NOTE 2)

1) BALANCE OF 1ST 10%

2) LEGAL FEES ON SPA
(IF NOT SUBSIDIZED BY S2)
3) DISBURSEMENT

WITHIN 3 WEEKS FROM

7 THE BOOKING DATE

ABOUT 10 DAYS
AFTER YOU SIGN
10 LETTER OF OFFER

LOAN APPROVED &

SIGN LETTER OF
OFFER

PAY DIFF SUM

IN ADVANCE
(IF ANY)
SIGN LOAN
DOCUMENT

ABOUT 1- 1 1/2 MONTHS

40 TO OBTAIN COT

PAYMENT

CHECKLIST

REMARKS

1) DIFFERENTIAL SUM
(REFER TO NOTE 1)
2) MRTA (IF APPLICABLE)

1) LEGAL FEES FOR LOAN

2) STAMP DUTY FOR
TRANSFER OF TITLE TO
PURCHASER (PAYABLE TO
GOVERNMENT)

DEVELOPER TO
APPLY & OBTAIN COT

LAWYER TO PROCEED
3 ADJUDICATION AFTER COT OBTAINED
(PROVIDED DIFF SUM SETTLED)
LAWYER TO PRESENT
MOT FOR
ADJUDICATION
ADJUDICATION WILL TAKE
50 ABOUT 1 1/2 MONTH

LAWYER TO
APPLY & OBTAIN
COC

LAWYER TO ADVISE
BANK TO RELEASE
PAYMENT

WITHIN 3 DAYS TO SEND

3 BILLING TO THE BANK

BILLING TO BANK
BANK TO CHECK DOCUMENTATION &
OTHER TERMS & CONDITIONS
AND RELEASE PAYMENT
TAKE ABOUT 7- 14 DAYS DEPENDING ON
14 WHICH BANK

141 TOTAL NO.OF DAYS TAKEN

BANK RELEASE
PROGRESSIVE
PAYMENT

VACANT POSSESSION
NOTE 1:
1)

WHAT IS DIFFERENTIAL SUM ?

DIFFERENTIAL SUM IS THE DIFFERENCE BETWEEN THE PURCHASE PRICE AND THE LOAN AMOUNT.
PLEASE REFER TO THE FOLLOWING EXAMPLE.

2)

WHY SHOULD PURCHASER PAY IN ADVANCE ?

FULL SETTLEMENT OF DIFFERENTIAL SUM IS ONE OF THE CONDITIONS BEFORE BANK RELEASE PAYMENT.
THE DELAY IN YOUR DIFFERENTIAL SUM PAYMENT WILL CAUSE DELAY IN PAYMENT BY THE BANK AND THUS INCUR LATE PAYMENT CHARGES.

EXAMPLE OF DIFFERENTIAL SUM:

ASSUMING THE PURCHASE PRICE IS RM 200,000.00

LESS:

PURCHASE PRICE
TOTAL LOAN (MARGIN=85%)
DIFFERENTIAL SUM

RM
200,000.00
170,000.00
30,000.00

DISCLAIMER:
THE ABOVE ILLUSTRATION INTEND TO SERVE AS A GUIDELINE
ONLY AND SHALL NOT IN ANY EVENT PREJUDICE THE CONTENT
OF THE SALE AND PURCHASE AGREEMENT.
ON GOODWILL BASIS, WE WILL GRANT YOU 90 DAYS
INTEREST-FREE GRACE PERIOD.

NOTE 2:
MOT - MEMORANDUM OF TRANSFER
COT - CONSENT TO TRANSFER
COC - CONSENT TO CHARGE
258906349.xls/BLI

RECOMMENDED & ESTIMATED TIME

GLI

INDIVIDUAL TITLE (GOVT LOAN)

FLOW CHART

ESTIMATED
NO. OF DAYS

BOOKING, SIGN SPA &

MOT, COT & COC
FORMS (REFER NOTE 2)

APPLY FOR GOVT LOAN IMMEDIATELY

14 AFTER RECEIPT OF STAMPED SPA

LOAN WILL BE APPROVED

14 WITHIN 10-14 DAYS

SIGN LOAN DOCUMENT

WITHIN 1 WEEK
PAY DIFF SUM IN
ADVANCE
AFTER THE LOAN
(IF ANY)
7 APPROVED

ABOUT 1- 1 1/2 MONTHS

40 TO OBTAIN COT

RECEIVE STAMPED
SPA & APPLY LOAN

LOAN APPROVED,
SIGN & RETURN
BORANG E TO BPP

SIGN LOAN
DOCUMENT

CHECKLIST

REMARKS

1) BOOKING FEES

1) BALANCE OF 1ST 10%

2) LEGAL FEES ON SPA
(IF NOT SUBSIDIZED BY S2)
3) DISBURSEMENT

1) DIFFERENTIAL SUM
(REFER TO NOTE 1)
2) MRTA (IF APPLICABLE)

1) LEGAL FEES FOR LOAN

2) STAMP DUTY FOR
TRANSFER OF TITLE TO
PURCHASER (PAYABLE TO
GOVERNMENT)

DEVELOPER TO
APPLY & OBTAIN COT

LAWYER TO PROCEED
3 ADJUDICATION AFTER COT OBTAINED
(PROVIDED DIFF SUM SETTLED)
LAWYER TO PRESENT
MOT FOR
ADJUDICATION
ADJUDICATION WILL TAKE
50 ABOUT 1 1/2 MONTH

WITHIN 3 DAYS TO SEND

3 BILLING TO BPP

PAYMENT

LAWYER TO
APPLY & OBTAIN
COC

LAWYER TO ADVISE
BPP TO RELEASE
PAYMENT

BILLING TO BPP

BPP TO CHECK DOCUMENTATION &

OTHER TERMS & CONDITIONS
21 AND RELEASE PAYMENT

152 TOTAL NO.OF DAYS TAKEN

BANK RELEASE
PROGRESSIVE
PAYMENT

VACANT POSSESSION
NOTE 1:
1)

WHAT IS DIFFERENTIAL SUM ?

DIFFERENTIAL SUM IS THE DIFFERENCE BETWEEN THE PURCHASE PRICE AND THE LOAN AMOUNT.
PLEASE REFER TO THE FOLLOWING EXAMPLE.

2)

WHY SHOULD PURCHASER PAY IN ADVANCE ?

FULL SETTLEMENT OF DIFFERENTIAL SUM IS ONE OF THE CONDITIONS BEFORE BANK RELEASE PAYMENT.
THE DELAY IN YOUR DIFFERENTIAL SUM PAYMENT WILL CAUSE DELAY IN PAYMENT BY THE BANK AND THUS INCUR LATE PAYMENT CHARGES.

EXAMPLE OF DIFFERENTIAL SUM:

ASSUMING THE PURCHASE PRICE IS RM 200,000.00

LESS:

PURCHASE PRICE
TOTAL LOAN (MARGIN=85%)
DIFFERENTIAL SUM

RM
200,000.00
170,000.00
30,000.00

DISCLAIMER:
THE ABOVE ILLUSTRATION INTEND TO SERVE AS A GUIDELINE
ONLY AND SHALL NOT IN ANY EVENT PREJUDICE THE CONTENT
OF THE SALE AND PURCHASE AGREEMENT.
ON GOODWILL BASIS, WE WILL GRANT YOU 90 DAYS
INTEREST-FREE GRACE PERIOD.

NOTE 2:
MOT - MEMORANDUM OF TRANSFER
COT - CONSENT TO TRANSFER
COC - CONSENT TO CHARGE
258906349.xls/GLI