hey, how many work day does these bank reply to you

sc
pbb
uob
ocbc

cimb again not in the list

ocbc takes 1 day only. rate is blr - 1.85 . flexi & daily rest . allows financing of loan legal fee.  downside....lock in period starts from 1st disbursement.

Yes, stated. But most of the bank only have 3% so that I didn't realise it. When I told other bank CO, they laugh on me. Sigh......

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Added on December 30, 2009, 4:05 pm

You applied for all 5 panel banks?

yep, but the sa keep confirming with me prepayment will reduce principal.
the tnc stated clearly like the above. How arr???

SA? U mean u take loan from the Peter guy?

Prepayment will reduce principal....that correct...once the bonding period end.

Take UOB example...

first 5 year, is bonding period....you pay...will not reduce principal...if u want to reduce...1 month notice and full settlement (pay all) and get charge 3% prepayment fee.

After 5 year, you can start reduce principal by giving write up notice (fax/call/etc) to bank 1 month earlier and you can pay whatever u want to cut principal.

Get it?

A bo you think Bank earn what? If you finish pay within 3 year....few hundred buck from u? after lending you so much money?

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Added on January 5, 2010, 11:44 pm

U sure?

What clause C(ii) said is different from what you say:

After the bonding period, borrower may fully prepay the loan if borrower giving 1 month notice, or else they will charge you 1 month inrerest in lieu (mean without) of such notice.

Your loan offer letter stated differently from other?

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Added on January 6, 2010, 3:21 pmbonding period start from first disbursement : means, when the architect certified that the piling and underground work has been completed. Thereafter, the developer will forward the architect cert to banks to claim the 10%. Then, it's consider as 1st disbursement for bank if they release the money.

But in sime darby case maybe different quar.....they might have pre-arrangement with banks, bill last, so that purchaser still need to bond longer. tak tau lar....

so, kawan-kawan, please take note of this lor....sc bonding period is 5 years from signing of letter of offer but the drawback is it's monthly rest.

whereas, for other, they quoted 1st disbursement, bonding is also 5 years - just that we dunno whether 1st disbursement is equal to full disbursement.

if it equate, might as well take pbb which offer blr - 1.9? betul tak? me also still comparing between uob and pbb.

I bought 1 unit at last year december. and developer have assign a law firm called RAVI CHANDRAN to handle the aggrement stuff.

I have get my s&p. but i haven't get my loan agreement after i have sign it for almost half year. actually i sign twice the loan agreement. Cause after few days the first sign, they call back and say need to resign again due to the documentation has expired.

The person from the office told me that i can get the agreement after 1 week time. I call many times, they say need to wait few weeks,call again then say another few weeks,call again then another month....

Everytime i call them, they ask for phone no, say they need to check first and will feed back soon. but never call back till i call them again.

I am totally disagree with their attitude.and wonder what hapen and  to this law firm?

Anyway, is any1 have the same case with me?