hi guys, i am a newbie here... just want to know whick bank at the moment offers the cheapest rate? i see it goes like blr - 1.8 and up to 2.3 from affin... is it true? which and what should i consider? the snp is foc and the rest i have to pay inculding the lawyer... thx a bunch

i would go for Citibank

but here in malacca we dont have ctbank...

it's depends on the loan amount and the customer financial background. the higher loan loan , the lower int rate.

Affin bank has the lowest BLR rate compare to other bank and for the -1.8% to 2.3%, you have to ask their loan dept coz it is depend on your loan amount and how many years are your loan.

Hi guys, do you know which bank offer loan package that absorb progressive payment, and what is the requirement to apply?

u can try citibank..
coz the rate thy offer now is BLR -1.7 zero cost.. no need pay stamp duty, legal fee, commitment fee.
can consider it..
if interested to know more details can pm me...

then i would go for HSBC melaka branch then. dislike local banks.

owh i see...

Hello there

Just a couple of notes before you embarking on the housing loan

1) Check what is the penalty if you want to pay earlier.
2) What is BLR. Please take note the BLR in Malaysia is going to go up in the next 3 years
3) Compare the BLR with the FIXED (Which typically offered by Islamic bank)
4) Any freebies like bag, umbrella, free credit card, TV etc..
5) Check if you can pay in advance e.g. if your monthly installment is RM2000 per month, can you pay more than that. Just to let you know that you can save quite a lot by paying a little bit more that your monthly installments.

Cheer

to me, this not very important.
4) Any freebies like bag, umbrella, free credit card, TV etc..

credit card is free anyway.

hi
just as fyi


1) Check what is the penalty if you want to pay earlier.
- locked in period ? i think most of the banks now, have this locked in period of 5 years term

2) What is BLR. Please take note the BLR in Malaysia is going to go up in the next 3 years
-if BLR confirmed it will be up hmmm... better get a fixed rate? but as usual.. it is hard to say / predict

3) Compare the BLR with the FIXED (Which typically offered by Islamic bank)
- same thing again hard to predict wor... but in case if BLR is going down.. then getting loan from islamic bank... the interest rate will for sure high

4) Any freebies like bag, umbrella, free credit card, TV etc..
err need meh ?
but i often heard... free ccard is most likely lo

5) Check if you can pay in advance e.g. if your monthly installment is RM2000 per month, can you pay more than that. Just to let you know that you can save quite a lot by paying a little bit more that your monthly installments.
- this depends on which type of loan you are getting right ?
conservative loan / flexi loan

Went to affin this morning...BLR (5.75%) -1.8% so 3.95%...Financing up to 75 years old..Good aa?

max take 30 years. longer loan like public bank or maybank. cant seem to pay finish. interest also pay more

i tink max can be around 35 years.. depends on the age.. max at the age of 65 years old

If buy for own stay, not so good to lend for so long as you're paying much more interest to the bank.

If buy for investment then longer loan better to minimize monthly commitment and maximize cashflow.

wah headache already...

hehe. I know how you feel.
The 1st time i buy a house also really headache. Went to visit around 5+ banks. Ask a lot of people for advice. In the end decided on PBBANK, with BLR - 2%, lock in period 5 years. 30 year loan. Pay like RM1370+ a month for 290K loan.

Just my 2 cents, visit as many banks as you like n see what they can offer you and decide from there.
Ask them for: 1) What is the rate offered? ask for better rate after they answer you. 2) monthly payment amount? 3) can discount you on lawyer fee?(some will give, some wont, some free- but i nvr found any that give me free ) 4) difference if you take MRTA or not. 5)lock in period

To me the number of years is not important becos i intend to pay up asap :/ It's just a matter of what i can afford to pay at this moment. No need so fan becos there's no perfect plan Just take the best one you can get.

This post has been edited by Sarahlyf: Mar 26 2010, 08:58 AM

If you are located in Klang Valley, feel free to contact me. I represent many banks in Malaysia, easier for you to compare and apply for a mortgage loan.

Saja2 went to another affin branch...looks like they're having a promotion or something outside..and to my surprise they offer me BLR (5.75%) -2.0% so 3.75% + ZEC...but Financing up to 65 years old..contradicting with the other branch...somehow if ur age is < 30 it's up to 65 and more than that is 75...