u/funnyday95

Just need some insights as a first time buyer. As the title suggests, planning on getting the Sealion 5 DM-i for our all around daily/family car. I am planning on using the company benefit of my sibling as a downpayment (around 800k) and the rest as a car loan, which I will be the one applying for.

Just wondering if this is okay sa banks and if they need to see muna the cheque for the benefit before approving the loan.

Income: 50k/month (average) with around 25k monthly expenses