regards to the uob loan, i dont quite understand how does the pre payment works?

it says you can make prepayment anytime without notice but the amount doesnt fully reduce the principal but divided between principal and interest.

1) say, im offered 40 years loan - total interest is based on 40 years.
i make prepayment, its reduces interest based on 40 years.
Am i right?

2) doesnt prepayment reduce principal and recalculate remaining loan then interest base on remaining year?

sifu out there, please advise?

This post has been edited by kornflake: Dec 30 2009, 01:00 AM

This applies if you only make payment according to the monthly amount where most amount deducts interest first.

Let's say i receive my bonus of rm10K n make PREPAYMENT into my total loan amount. Does the 10K fully reduces the principal amount or still deduct like the above?

sifu, please confirm on this.

1) Inside uob offer letter, mrta is compulsory to be taken.
sa say can take out mrta.
can i apply mrta from other insurance and retain the policy with me instead of passing to the bank?

2) uob offer letter given is based on 40 years loan.
i request to change it to 25 years but sa ask to sign current offer letter first then after 1 week will prepare supplementary offer letter. got no black & white, how arr??? later im stuck with a 40 years loan. die arr!!

3) is uob offering term loan or semi-flexi loan?
is everyone out there who applied uob getting the same package or diff?
can we request to change the tnc??

shucks.. now only pbb offered - 1.9.. already sign with other banks..

look at the good side lock in period for other banks is upon first disbursement

my gal who attended super slow!!!

u take from amassurance?

isit mrta or mlta and are you allowed to take other insurance co for mrta rather that panel of the bank loan

so the policy will be kept by ur family or pass to uob?

in their tnc, they stated that mrta is compulsory

seems like most people took uob loan...

This post has been edited by kornflake: Jan 5 2010, 02:47 PM

if u plan not to sell the house in 8 years without bearing any penalty then Pbb is the best loan

if not, uob!

Please check this out coz i heard that making pre-payment (extra payment) and insisting to reduce principal amount is applicable only thru the counter. you have to inform them 1 month in advance and you cannot withdrawl it in the future. Im not sure on this but please check it out, king

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

what u guys think of the offer letter from ocbc??

to many words till i pening edy.

any hidden charges that i miss out?

chill dude,

i never said they are bad.

just that im blur out with all the tnc.

congratulations to all phase 1 buyers.

Type L: 286K - 305K
Type M: 246K - 264K
Type S1: 206K - 222K

Free 2 airconds, glass shower screen and 2 water heater point ONLY!!!!!

This post has been edited by kornflake: Jan 15 2010, 12:19 PM

seriously like fish market..

can hear people shouting numbers

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Added on January 15, 2010, 12:21 pmi saw a lot of stickers already

This post has been edited by kornflake: Jan 15 2010, 12:21 PM

sumone shud open a lowyat.net booth near there to register buyers.. ***calling abang corp



This post has been edited by kornflake: Jan 15 2010, 12:32 PM

hsbc is now the panel for phase 2

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Added on January 15, 2010, 12:41 pmi think he is there shouting why haven't call my number

This post has been edited by kornflake: Jan 15 2010, 12:41 PM

i think tower 4 got slight view of bukit gasing.. just some speculation

i found out apartments in that area is goin for rm700-850 for 3 rooms without swimming pool.

there might be a community centre coming out near the project quite soon.

the new untenanted shop lots are very "NEW" thats y not much occupants

there is a kfc around the corner.

the link between okr and puchong was put on hold few years due to its tollfree n sunway toll will face profit loss. i believe now the gov have decided to go ahead with the construction

give it 3 years n the area shud be develop

luckily theres no cemetary near within

bukit kiara condo face quite bad depreciation due to the cemetary behind it

aiyo, just climb up the flats infront of it then can really see whats goin on..

Yes, they are NOW only doin the earthworks..