PLEASE HELP ME ............... ITS URGENT ............. I DONT KNOW ................

Put in the application of credit scoring method, would you support Mr. Chuah Boon Seng application? Provide your rationale. (Refer to Appendix 1 for the bank lending scorecard) (14 marks)

NOTE : PLEASE WRITE FOR 14 MARKS. I REALLY DONT KNOW

File No: UGTX24889-05C: Mr. Chuah Boon Seng Mr. Chuah Boon Seng, aged 32, intends to purchase an 854 sqft condominium for RM500,000.00 in Maxim Residences, a newly build second phase condominium in Cheras, Kuala Lumpur. Mr. Chuah Boon Seng plans to move into this house upon its purchase with her parents, as the family is currently renting a house for RM1200.00 per month in Bandar Kinrara, Puchong, Kuala Lumpur. As four years experienced civil engineering by profession, currently attached to one of the well and reputable listed construction company, Gamuda Bhd. Mr. Chuah Boon Seng is paid a basic salary of RM6,000.00 per month plus allowances averaging RM700.00 and 2 months contractual bonus, based on employee scheme, he entitled with disability insurance coverage with benefits of up to RM5,000.00 a month, and full hospitalization and surgical coverage. Nonetheless, Mr. Chuah Boon Seng expects annual salary to grow at an average rate of 1.5% p.a. On the martial status, being single and currently staying with his parents, he financial commitments on vehicle loan with RHB Bank Bhd, RM1,950.00 per month (Honda Accord, it was purchased four years ago with seven years installment) and Aeon credit card with a RM15,500.00 limit which he uses occasionally for petrol consumption. On the other hand, Mr. Chuah Boon Seng have RM50,000.00 fixed deposit (various tenor) with Maybank Bank Bhd and currently holding 3,000 unit of Sime Darby Bhd share at the market price of RM7.50 per unit. In the CCRIS database, Mr. Chuah Boon Seng never missed any of his vehicle loan with RHB Bank Bhd for the past 12 months, but in past 24 months Mr. Chuah Boon Seng missed 2 months payment. On top of that, Mr. Chuah Boon Seng settled all the outstanding Aeon credit card with a RM15,500.00 limit on time. Nonetheless, both his parents are still working. His father, Mr Chuah Heng Ong, aged 60, is an accountant earning RM7,000 per month with no commitment. His mother, Janice Ch'ng Yi Xuan, aged 52, is a Methodist secondary school teacher earning a basic salary plus allowances of RM4,800 per month. She has a financial commitment on vehicle loan with CIMB Bank Bhd, RM450.00 per month (Perodua Axia, it was purchased six years ago with seven years installment) The 2021 Malaysia economic outlook, the domestic economy expected to contract sharply impacted by the Covid-19 global pandemic. The Malaysian construction industry has been severely affected by disruption and expected to rebound with the announced various Economic Stimulus Packages and business community by government. Mr. Chuah Boon Seng has approached you for an 85% (RM425,000) loan to finance the purchase of 854 sqft condominium over tenure of 15 years. Based on your bank's current interest rate of 4.25%, you have calculated the monthly installment amount to be RM3,197.00 a month