Hi, I have also applied from HLB, bt thinking to switch bank now (Mbf) for lower interest rate.

Did u pay any penalty? Or do you know how long is the validity period of this LO?

How come u no need to pay leh? The contract clearly stated is RM2k penalty on whatsoever reason after u signed.

呀the Officer said penalty 2k if cancel then I no response after that he no response too. lol

This post has been edited by airtawarian: May 8 2022, 12:16 PM

Lol, later go into bad debt and effect ur credit score

No le. My score all cantik. Even cc the bank called me asked me apply and approved within 1 week. Lol

If the bank did it impose the penalty and eventual being ignore for sure bank will update in CCRIS, just be save clear the air with the bank once and for all, not worth the damage down the road if turn negative

U think u can outsmart the bank? Think again...

(same applies to Telco)

Already >6 years Last year n this year checked both ccris n ctos Nothing le Somemore I go bank meet manager Never mention also. Lol

The thing is there is limitation period. Even I going to bank meet manager many times no say Anything. He buat Duno I also diam2 je. Even offered other investment product

The bank also need follow procedure. No official letter send and no call by them After So long period.

HELP NEEDED 1st time buy property

issue > bank loan is 2 name , LO > main edi sign , sub haven sign

SPA haven sign haven meet lawyer , only main name have meet banker and sign 1 ppl name and sub name haven sign bcoz at oversea they mail it and document received at oversea haven sign by sub name

I tell the banker to cancel the loan, banker reply penalty 1% from loan amount.


RHB BANK

is it possible to no penalty ? I'm so confuse , can bank really do anything to me ?
can i juz ignore the banker and dun wan reply their msg .since property agent also say OK no kacau me. but the banker say got penalty

This post has been edited by Toast_Me: Oct 29 2020, 07:57 PM

Currently bought a house, all documents such as spa , loan agreement signed. During sign spa, lawyer just gave me a paper to sign. I don’t even see the T&C , also not initial the t&c. But found out the house got a big issue, can I cancel the purchase? 10% of purchase price forfeit ( I read back the t&c not state this clause) ? Can negotiate? This is hard earn money but I didn’t ask the t&c before signing document

Loan disbursed? Which stage?

If for your 10% with the developer, you need to negotiate with them. They can forfeit your deposit / initial payment etc subjected to the SPA and whatever letter/document you signed with them.

If the Bank disbursed the money... then you'd have a harder time in cancelling. You need to talk to your banker asap though. Let me push it a bit further... even if the Bank has not disbursed the money but all the documentation are done, submitted and stamped, you'd have to take a lot of steps if you want to cancel it.

This post has been edited by digitalz: Feb 10 2021, 05:00 PM

I think is final stage . Guess the loan not yet disbursed. This is subsale property. Can negotiate the penalty if cancel?

If not yet cancel. Find your bank. Talk to them. Pay penalty if needed. Pay costs if needed. Negotiate properly. This is trying your luck but yeah..

Hi all, want to ask, previously i booked 1 property and sign the loan offer letter then pre signed SPA, after that the developer keep on delay on signing the APDL for 1 year without update, so i decided to cancel booking and look for other property.

So when i wan to buy other property, i need to go with the same bank becoz the loan offer letter if I cancel it they will charge a penalty of RM2000. But i cant go with the bank becoz other bank offer better.

Now i not sure whether my ccris record is clean or not becoz of this loan offer letter. I ask property agent they said can waive it becoz not my fault, they cant sign the APDL, then the banker said not their fault also becoz i signed the loan offer letter.

So what to do ?

If alternative bank offer are much better than eventually 2K penalty just go for it, bank is entering agreement with you and not developer, risk on you

Is it legit to sign loan offer letter and spa without apdl? First time hearing this. Any sifus can share your thoughts.

legally they can't let u sign SPA without APDL, however many developers are doing this - they can't date the SPA before APDL date.

So in any event u wanna cancel, refer back to the booking form that will govern T&C prior to SPA being dated.

Any news from you?