coz the rates r very competitive these days, no bank wanna lose any business...

for cust to bring there's risk that the customer will bring the LO to another bank to ask for counter offer...

anyway mind to share which bank u applied??

yes... but not by disclosing it to other bank as this is a PnC docs...

OL is a PnC doc between the offered bank and the applicant... if the competing bank that the customer is heading for better rate, somehow cooperate i think there's possibility being sued...

but anyway, bank wont do so, as millions of cust is doin all these... getting the best of the best interest rate, but ignore the terms n conditions eg like tied up period n penalty of early settlement... haha

somehow actually think in an overall way, practice by squeezing the bank to offer customer the lowest int rate would only affect our FD rate... by end of the day BLR got to be increased to balance the bank deposit and disbursement.... all borrowers affected... ...

This post has been edited by jefferey: Apr 25 2010, 05:07 PM

ya u got it right, did not mean that the bank will go bankrupt, i was saying the bank is not making enough money to sustain their cost of operation... i think some bank started to offer 2.75% fd di bro...

BLR is controlled by bank negara, but the issue of disbursement>deposits in the commercial banks these days doesn't contribute to the possibility of increasing of BLR soon???

ok as for taking the LO home, i think the bank should come out a standard n general format... coz by letting the applicant to bring home is to study and understand...

quoted from merce:

The bank officer has the right to keep the LO, its the banks property until it is signed. However, you can still request for the LO, naturally because you do need to study the terms as well.

To assure your banker that you have no intention to present the LO for a better offer, ask the banker to blank-out the particulars, such as the Interest Rate, the loan applicant's details, the collaterals etc. Since you just need go through the TnC on their Offer, most banker are able to provide you such copy.

i think most of the applicant's intention to bring home is to study and understand?? or wanna go to competing banks for better rate?? if ur intention is the 1st one i think no prob wat to ask for a general one by not providing the details like: LOAN AMT, RATE, TENURE...

5.55 to 5.8 a small correction... how sure r u every bank is making money?? kekeke

kekeke u've gone a lil off here, didnt ask n make any request to accept watever offer, thats y u can apply from many bank n compare...

ya, but can any bank submit ur docs to another party or another bank?? so it's between bank A and the applicant, bank B and the applicant.. bank A don share docs with bank B my fren... rite??

feeling guilty not depends on own personality la, juz imagine if ur letter to someone u propose for something, then he/she pass the letter to ur competitor asking can do better than u ar... then he/she comes back to u with reply and asking u can do better ar??? never ending story goes on loo....

hahaha, not to say transfer ownership, its a property between bank A and u... actually until the letter has been signed also not ethical to bring to other bank and ask for better rate lo... ethically think the letter should maintain in between u n the particular bank or those other bank around looo...

to be frank u have gone through all their financial report??

thats not between banks, ITS AGENT WHO DISTRIBUTES UR DOCS TO OTHER BANK....kekeke

haha we're given only 14days to be exact, enough to shop di... as most of the cases r over 14days before signing snp... MOST not all ya...

wahahaha, free competition, not naked competition... can ur client share ur company's proposal with competitors?? u practice counter competitors'offer by collecting their offer?? kekeke

This post has been edited by jefferey: Apr 26 2010, 09:42 PM

very good, u sure make money from there by knowing them so well...

yeap, agreed..

ya, thats y the bank sure wanna take some actions to minimize this wat..rite??

wahahaha, 知己知彼，百战百胜。... respect u when u said this... r u from sales n marketing line??

ok la to conclude, get the offer from the bank, but remain with urself la, be ethical n fair la to the bank which willing to let u take home the LO...

This post has been edited by jefferey: Apr 26 2010, 10:02 PM

bro,

firstly most of their intentions here to take home the LO is not reading n understand it, is wanna get a copy of evidence to pledge to other bank for better offer, if not, y would they do not accept a general copy???

if i'm not mistaken a black n white documents with both parties valid signature might enuff to be valid on court di... plz correct me if i'm wrong...

thanks bro...

This post has been edited by jefferey: Apr 27 2010, 02:46 AM