Mr. Bala aged 30 is an accountant with an audit firm since five years ago. Recently he has made a booking for one unit of double storey terrace from a housing developer at a cost of RM300,000. He has paid a deposit of RM30,000 and plans to take the loan of RM270,000 for 35 years. The Bank requires Mr. Bala to take up MRTA plan for the housing loan. MRTA premium is RM5,500 and Bala wishes to pay the premium by installment with housing loan. This premium can be financed with the housing loan to make the total loan RM275,500. The housing installment Mr Bala has to pay is RM1800. Mr. Bala earns a gross salary of RM6,800 a month and has total statutory deductions (EPF, SOSCO and Income tax) of RM1,000. He has no other loan commitments except a car loan, which he pays RM800 a month. He has a credit card with a credit limit of RM10000. His wife is a teacher and earns net income of RM2500. She does not has any loan. They are currently paying a rental of RM800 for an apartment. CCRIS report of Mr. Bala revealed that his payment for car loan is one month in default because he gets his pay after due date of his car loan. However, his credit card payment is prompt. There is no legal action against them. Mr. Bala has a life insurance policy of RM300,000. a) Evaluate Mr Bala's loan by Using credit scoring model given. Use the score sheet provided below. The Variables that affect a borrower credit score