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> Ocbc Housing Loan, Good ?

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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 ?
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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.
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 ..?
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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....
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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
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
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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
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?
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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.
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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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