Outline ·
[ Standard ] ·
Linear+
islamic banking vs conventional banking
|
numbertwo
|
 Nov 16 2011, 07:40 PM
|
|
a tiger bank officer told me today: There is not much difference in terms of repayment amount, max tenure, etc. in islamic mortgage package, except the following advantages :
1. islamic loan has 20% discount on stamping fees
2. islamic loan has no lock-in period...good for flipper!
I want to know what are the disadvantage of taking an islamic mortage , can someone with a full cycle of taking and exited islamic loan (finished serving or refinanced) share your experience here?
|
|
|
|
|
|
numbertwo
|
Nov 17 2011, 09:42 AM
|
|
|
QUOTE(Oldskolboyz @ Nov 17 2011, 01:14 AM) As I know advantage only no late payment charges cause my friend paid his car loan once a year when road tax expired.. if the car don't have road tax I didn't know when/how he paid the loan.. Con, no discount given on early settlement cause selling price has been agreed. thanks... the highlighted point is extremely important then. I wonder how it works if tiger bank says their islamic package has no loc-in period.. does that mean even if I sold off my property at x year, i still have to repay the full amount of the selling price agreed (which I heard can be many folds !!) ? This post has been edited by numbertwo: Nov 17 2011, 09:43 AM |
|
|
|
|
Quote
0.0177sec
1.27
6 queries
GZIP Disabled