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> Ocbc Housing Loan, Good ?

Raub
post Oct 27 2009, 11:13 AM


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Ocbc housing loan
1 - 5 BLR - 1.70
6 - 30 BLR - 2.40

MRTA , Semi Flexi , NO NEED RM10 MONTHLY MAINTAINANCE FEE ...

Any borrower can give some suggestion ?
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abyss8
post Oct 27 2009, 11:35 AM


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QUOTE(Raub @ Oct 27 2009, 11:13 AM)
Ocbc housing loan
1 - 5  BLR - 1.70
6 - 30 BLR - 2.40

MRTA , Semi Flexi , NO NEED RM10 MONTHLY MAINTAINANCE FEE ...

Any borrower can give some suggestion ?
*
Judge from the interest rate you get, your loan amount should be RM500k and below.
Why don't you apply for Ideal mortgage?

it is a non-zmc package, min loan amount RM150k. current MLR 4.4% and the bank offers -1.3% whole tenure. all the features are the same, except that, bonding period is only 3 years and early exit fee is only 2% on loan amount. Compare to the package you get, bonding period is 5 years and early exit fee is 3%.
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walle
post Oct 27 2009, 01:22 PM


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QUOTE(abyss8 @ Oct 27 2009, 11:35 AM)
Judge from the interest rate you get, your loan amount should be RM500k and below.
Why don't you apply for Ideal mortgage?

it is a non-zmc package, min loan amount RM150k. current MLR 4.4% and the bank offers -1.3% whole tenure. all the features are the same, except that, bonding period is only 3 years and early exit fee is only 2% on loan amount. Compare to the package you get, bonding period is 5 years and early exit fee is 3%.
*
ya..this would be better..but are they still offer fixed at 2.5% for the 1st year?
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abyss8
post Oct 27 2009, 01:47 PM


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QUOTE(walle @ Oct 27 2009, 01:22 PM)
ya..this would be better..but are they still offer fixed at 2.5% for the 1st year?
*
no more 1st year fixed 2.5%, now only -1.3% whole tenure
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chae
post Oct 27 2009, 01:54 PM


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QUOTE(abyss8 @ Oct 27 2009, 01:47 PM)
no more 1st year fixed 2.5%, now only -1.3% whole tenure
*
BLR - 1.3%?? hmm.gif
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rakyat
post Oct 27 2009, 01:58 PM


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QUOTE(Raub @ Oct 27 2009, 11:13 AM)
Ocbc housing loan
1 - 5  BLR - 1.70
6 - 30 BLR - 2.40

MRTA , Semi Flexi , NO NEED RM10 MONTHLY MAINTAINANCE FEE ...

Any borrower can give some suggestion ?
*
MRTA is not compulsory and the 1-5 yrs can negotiate lower, anyway after shopping with > 5 banks and searching for lowest rate, I signed up for OCBC as it suit me best.
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chae
post Oct 27 2009, 02:08 PM


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QUOTE(rakyat @ Oct 27 2009, 01:58 PM)
MRTA is not compulsory and the 1-5 yrs can negotiate lower, anyway after shopping with > 5 banks and searching for lowest rate, I signed up for OCBC as it suit me best.
*
do you get BLR-1.3% as well or ..?
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taitianhin
post Oct 27 2009, 02:13 PM


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OCBC offer MLR - 1.3% BLR offer somewhere BLR - 2.2% and can be better smile.gif
MLR is a special thing from OCBC only. do keep in mind
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leongal
post Oct 27 2009, 02:28 PM


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I am not too sure of how good is this OCBC loan package compared to others; but seriously, I am seeing many people talking about it....
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rakyat
post Oct 27 2009, 02:58 PM


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QUOTE(chae @ Oct 27 2009, 02:08 PM)
do you get BLR-1.3% as well or ..?
*
Nope like I said, 1-5 yrs can get blr-2%


Added on October 27, 2009, 3:06 pm
QUOTE(leongal @ Oct 27 2009, 02:28 PM)
I am not too sure of how good is this OCBC loan package compared to others; but seriously, I am seeing many people talking about it....
*
The BLR -2.4% is 1 of the most competitive although some claim to get -2.5 or -2.6 I think they are getting > RM500k.

Oso its FMC, non-MRTA & semi Flexi.

Only drawback is the 1st 5 yrs not as competitive (others offer BLR-2.2 or SCB BLR -2.46 1st 2 yrs) But I have taken into consideration my unit is under construction hence the 1st 2 yrs will have minimum impact & I intend to keep the loan for at least 10 yrs

This post has been edited by rakyat: Oct 27 2009, 03:06 PM
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memekfalui
post Oct 27 2009, 10:32 PM


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flexi loan for loan amount above 250k you get

BLR-2.3 1st 5yrs (BLR-2.0 for 100k<loan<250K)
BLR-2.4 there after
NZMC

BLR-2.0 1st 5yrs (BLR-1.7 for 100k<loan<250K)
BLR-2.4 there after
ZMC-cap at 1.7% for legal fee


plus all the semi flexi feature
no monthly fee
can do prepayment w/o notice
withdrawal @ min 5k

this is what offer today by OCBC
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abyss8
post Oct 28 2009, 10:34 AM


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QUOTE(memekfalui @ Oct 27 2009, 10:32 PM)
BLR-2.0 1st 5yrs  (BLR-1.7 for  100k<loan<250K)                  
BLR-2.4 there after
ZMC-cap at 1.7% for legal fee
plus all the semi flexi feature
no monthly fee
can do prepayment w/o notice
withdrawal @ min 5k

*
actually 1st 5 years BLR -2.0% hard to get from loan RM250k - RM500k. usually our management will approve it for loan amount RM 500k. if can get with loan RM250k - RM500k, only with few posibilities. 1, loan margin 80% or less; 2, customer profile is very good.


Added on October 28, 2009, 10:36 am
QUOTE(rakyat @ Oct 27 2009, 02:58 PM)
Nope like I said, 1-5 yrs can get blr-2%


Added on October 27, 2009, 3:06 pm

The BLR -2.4% is 1 of the most competitive although some claim to get -2.5 or -2.6 I think they are getting > RM500k.

Oso its FMC, non-MRTA & semi Flexi.

Only drawback is the 1st 5 yrs not as competitive (others offer BLR-2.2 or SCB BLR -2.46 1st 2 yrs) But I have taken into consideration my unit is under construction hence the 1st 2 yrs will have minimum impact & I intend to keep the loan for at least 10 yrs
*
it is not zero entry cost

This post has been edited by abyss8: Oct 28 2009, 10:36 AM
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rakyat
post Oct 28 2009, 02:08 PM


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QUOTE(abyss8 @ Oct 28 2009, 10:34 AM)
actually 1st 5 years BLR -2.0% hard to get from loan RM250k - RM500k. usually our management will approve it for loan amount RM 500k. if can get with loan RM250k - RM500k, only with few posibilities. 1, loan margin 80% or less; 2, customer profile is very good.


Added on October 28, 2009, 10:36 am

it is not zero entry cost
*
Just signed my loan agreement last Sat. & that was what i got.... ZEC, w/o MRTA, 90% loan & loan amt was RM282k. The loan officer even 'tried' to get -2.2 BLR but when the letter of offer came out it was -2.0

I think the rates have harden in recent weeks b/4 that the banks were crazy trying to outdo each other.

One forummer claiming from PB oso offered BLR -2.4 whole duration but after giving him details no reply vmad.gif
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abyss8
post Oct 28 2009, 02:40 PM


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QUOTE(rakyat @ Oct 28 2009, 02:08 PM)

One forummer claiming from PB oso offered BLR -2.4 whole duration but after giving him details no reply  vmad.gif
*
LOL, did you scared him?
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APPA
post Oct 28 2009, 03:02 PM


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QUOTE(rakyat @ Oct 28 2009, 02:08 PM)

One forummer claiming from PB oso offered BLR -2.4 whole duration but after giving him details no reply  vmad.gif
*
When i apply for HL, some even claim that BLR-2.61 yawn.gif

i got BLR-2.3 from PB, ZEC, for >700k loan , quote from other bank was range from BLR-2.20 to -2.30 too.


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walle
post Oct 28 2009, 03:05 PM


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QUOTE(APPA @ Oct 28 2009, 03:02 PM)
When i apply for HL, some even claim that BLR-2.61 yawn.gif

i got BLR-2.3 from PB, ZEC, for >700k loan , quote from other bank was range from BLR-2.20 to -2.30 too.
*
I jz got from scb, nzec as developer bear the cost, loan amount 269k, blr-2.4 whole tenure, flexi loan...aka mortgageOne

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abyss8
post Oct 28 2009, 03:21 PM


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QUOTE(walle @ Oct 28 2009, 03:05 PM)
I jz got from scb, nzec as developer bear the cost, loan amount 269k, blr-2.4 whole tenure, flexi loan...aka mortgageOne
*
the developer bear all legal fees by bank and S&P?
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rakyat
post Oct 28 2009, 04:03 PM


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QUOTE(abyss8 @ Oct 28 2009, 03:21 PM)
the developer bear all legal fees by bank and S&P?
*
Me think Walle misunderstood the T&C...... Developer normally only cover S&P legal fees, bank will charge stamp duty & legal fees for loan agreement.


Added on October 28, 2009, 4:05 pm
QUOTE(APPA @ Oct 28 2009, 03:02 PM)
When i apply for HL, some even claim that BLR-2.61 yawn.gif

i got BLR-2.3 from PB, ZEC, for >700k loan , quote from other bank was range from BLR-2.20 to -2.30 too.
*
If loan amt is > RM500k like ur case then BLR -2.3 is not competitive, more likely u will get -2.4 to -2.6

This post has been edited by rakyat: Oct 28 2009, 04:05 PM
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abyss8
post Oct 28 2009, 05:28 PM


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QUOTE(rakyat @ Oct 28 2009, 04:03 PM)
Me think Walle misunderstood the T&C...... Developer normally only cover S&P legal fees, bank will charge stamp duty & legal fees for loan agreement.


Added on October 28, 2009, 4:05 pm

If loan amt is > RM500k like ur case then BLR -2.3 is not competitive, more likely u will get -2.4 to -2.6
*
which bank offers BLR -2.6%? what i know is SCB BLR-2.5% is the lowest. but anyway, there's no more difference after 4th NOV...kekeke~~ looking forward to the day when loan applicant no need to compare the rates...
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walle
post Oct 28 2009, 05:28 PM


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QUOTE(rakyat @ Oct 28 2009, 04:03 PM)
Me think Walle misunderstood the T&C...... Developer normally only cover S&P legal fees, bank will charge stamp duty & legal fees for loan agreement.
Nope, for this case, the developer actually bear the legal fees n stamp duty for the loan agreement but must use back their panel lawyer, so since the lawyer also the panel for scb, therefore it can be work out.
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abyss8
post Oct 28 2009, 05:30 PM


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QUOTE(walle @ Oct 28 2009, 05:28 PM)
Nope, for this case, the developer actually bear the legal fees n stamp duty for the loan agreement but must use back their panel lawyer, so since the lawyer also the panel for scb, therefore it can be work out.
*
if it's like that, then it's true.
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mchlkeys
post Oct 29 2009, 09:46 AM


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QUOTE(Raub @ Oct 27 2009, 11:13 AM)
Ocbc housing loan
1 - 5  BLR - 1.70
6 - 30 BLR - 2.40

MRTA , Semi Flexi , NO NEED RM10 MONTHLY MAINTAINANCE FEE ...

Any borrower can give some suggestion ?
*
OCBC got another house loan ,incl MRTA .not follow BLR .
follow bank other rate . i just know total rate is 3.15% , also up n down follow market value.
u want more unfo u better go to OCBC is best icon_rolleyes.gif
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Raub
post Oct 29 2009, 10:02 AM


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QUOTE(mchlkeys @ Oct 29 2009, 09:46 AM)
OCBC got another house loan ,incl MRTA .not follow BLR .
follow bank other rate . i just know total rate is 3.15% , also up n down follow market value.
u want more unfo u better go to OCBC is best icon_rolleyes.gif
*
MLR - 1.30 ...this package have to pay legal fees ...not so confident to take the risk...better take blr package
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imax80
post Dec 31 2009, 04:00 PM


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anybody know about the OCBC Graduate home loan package?
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jimlim007
post Jan 1 2010, 03:58 PM


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what is MRTA? i will buy house soon, a used house, think to get loan for 160k, which bank give the best offer? need to take fix rate or flexi ?

This post has been edited by jimlim007: Jan 1 2010, 04:00 PM
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imax80
post Jan 4 2010, 02:14 PM


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QUOTE(jimlim007 @ Jan 1 2010, 03:58 PM)
what is MRTA? i will buy house soon, a used house, think to get loan for 160k, which bank give the best offer? need to take fix rate or flexi ?
*
I suggest take house loan seperately with insurance i.e MLTA with cash value at the end of payment tenure to save interest. Normally MRTA will be included in the home loan which will add the interest.


BTW, OCBC house loan is actually semi-flexi, daily rest. Everytime to dump huge money need to inform banker to put the money either in Advance account(cannot withdraw) or Capital account(withdrawable). Advance account work just like standing instruction will deduct automically the next installment period. Capital account can dump minumum RM1000K, but the minimum amount withdrawable is RM5000, every withdrawal transaction will be charged RM10, and we need to fill form to do the withdrawal. Sound troublesome compare to fully-flexi isn't.
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Greenyz
post Jan 5 2010, 02:22 PM


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I have taken my home loan with OCBC ..during that time have extensively compared with some other banks CIMB,Maybank,ALliance,RHB,OUB,EON,Hong Leong and Public.Notice similar best rate for OCBC(Semi flexi) and CIMB(flexi) ,BLR -2% for ZMC for 1st 5 years, there after BLR-2.4% .Taken OCBC for refinancing and CIMB for new house .But I am lucky coz got a superb agent with OCBC ...the CIMB that I enganged is "duh" type of person ...but alas not much issue as it was financing new house.
So in conclusion for loan probably CIMB is best cos its FULLY FLEXI..but go around and ask few bankers ..its worth to save every penny that you earn
Any1 interest in getting OCBC loan can PM me ...i can recommend her..she's good and efficient .

p/s: I have no commission/relation to her ..just helping out good banker and fellow forumers.

This post has been edited by Greenyz: Jan 5 2010, 02:25 PM
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futago
post Jan 5 2010, 06:19 PM


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I also took OCBC HL, the additional payment you made must state clearly either it's advance payment (non-withdrawable) or capital repayment (redrawable) as mentioned by imax80. But both also will deduct the principal amount from interest calculation.

The inconvenience is the prepayment must be done at the bank or through cheque deposit. Now i am starting to feel full-flexi is much more convenient where i can just put all my money in one account, provided you are very clear how much you are spending to make sure you have enough in the account.
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smsam2
post May 9 2011, 09:45 PM


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QUOTE(Greenyz @ Jan 5 2010, 02:22 PM)
I have taken my home loan with OCBC ..during that time have extensively compared with some other banks CIMB,Maybank,ALliance,RHB,OUB,EON,Hong Leong and Public.Notice similar  best rate for OCBC(Semi flexi) and CIMB(flexi) ,BLR -2% for ZMC for 1st 5 years, there after BLR-2.4% .Taken OCBC for refinancing and CIMB for new house .But I am lucky coz got a superb agent with OCBC ...the CIMB that I enganged is "duh" type of person ...but alas not much issue as it was financing new house.
So in conclusion for loan probably CIMB is best cos its FULLY FLEXI..but go around and ask few bankers ..its worth to save every penny that you earn
Any1 interest in getting OCBC loan can PM me ...i can recommend her..she's good and efficient .

p/s: I have no commission/relation to her ..just helping out good banker and fellow forumers.
*
Hi

Can I have your OCBC contact? Am shopping for a housing loan.

Thanks
Sam

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HaoYuan
post May 9 2011, 10:30 PM


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Honestly speaking, i dun think OCBC is good as their rules and regulation are very tight
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Ewa Wa
post Oct 18 2013, 12:23 PM


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Hi,

I'm a mortgage consultant from OCBC


No more worries on your house loan, all you need is to get your documents prepared, I will collect the documents from you and monitor the loan process for you.

Then pick up your documents at your place.

Serviceļ¼š
- Housing Loan Application
- Top Up (no legal fees involved)


We provide FREE consultation
The best part of the deal is, it doesn't cost you a single cent because our panel of bank takes care of paying us our referral fees.

Ewah
H: 016- 3038 820
Email: leewah.ocbc@gmail.com
Services: KL / Selangor area
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investz
post Oct 18 2013, 06:03 PM


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QUOTE(rakyat @ Oct 28 2009, 05:03 PM)
Me think Walle misunderstood the T&C...... Developer normally only cover S&P legal fees, bank will charge stamp duty & legal fees for loan agreement.


Added on October 28, 2009, 4:05 pm

If loan amt is > RM500k like ur case then BLR -2.3 is not competitive, more likely u will get -2.4 to -2.6
*
Loan more than RM500K only can get BLR-2.4. I don't think can get more than that
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dp82
post Oct 20 2013, 11:27 PM


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I have a HL with OCBC since 2012 June, lock in period is 3 years.

Loan amount was RM 600k back then and now bank value the house at RM 750k.

Is it possible to refinance/ top up? In need of cash and need advise on how can i obtain cash via this asset?
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