I got news saying UOB offering 40 yrs. BLR-2.40% 3yrs lock in. Let's see hw it turns out next week when they official announce it

---

Added on December 9, 2011, 2:47 pmCIMB offer 30yrs BLR-2.2 Lock in period 3 yrs

Here's the email i have received from the developer about their panel EF (End-Financing) banks recently. Just check with Michelle/Leslie for more details...
Dear our valued Purchaser,

We are glad to inform you that we have successfully obtained end-financing
approval from a few other banks, a complete list of our current panel of
banks is append herein for your reference :-

1. Affin Islamic Bank Berhad
2. Alliance Bank Malaysia Berhad
3. Malayan Banking Berhad
4. CIMB Bank Malaysia
5. Ambank (M) Berhad
6. HSBC Bank Malaysia Berhad
7. Public Bank Berhad
8. United Overseas Bank (Malaysia) Berhad
9. Hong Leong Bank Berhad (ad-hoc)
10. Malaysia Building Society Berhad

Kindly compile all relevant documents for housing loan application and
submit to our sales office so as to enable us to assist you further to
obtain a housing loan.

Should you need further information or clarification on the above, kindly
do not hesitate to contact the undersigned at 016-2271661.

Since year 2012 is just around the corner, may we take this opportunity to
wish you and your family a magnificent and fabulous year ahead.

Happy New Year 2012!
With best regards

Michelle Siew
PR & Corporate Communications Manager
Property Division

Exsim Group of Companies
A-G-7, Kuchai Exchange,
Jalan Kuchai Maju 13,
off Jalan Kuchai Lama,
Kuchai Entrepreneurs Park,
58200 Kuala Lumpur.
Tel :    03-7983 2911 (Admin)
          012-918 6661 / 019-268 8661 (Sales & Marketing)

Actually just curious how many person have successfully loan 90%????Anyone??????
Because i remember when i ask the SA, he said if cant get 90%, then we can refer back to him, or we can take Fabio's suggestion put some pressure on developer to lower the price, since this is a non DIBS project with no high percentage of getting 90% loan.......................

I got an offer from cimb for 90% blr -2.2 but have not seen the LO. Now waiting from uob and hsbc.

Actually i agree on the need to state the brands of appliances and etc in writing, i wrote it in my booking form when i purchased the unit but was really for my own reference only. Haha

Hi.  Actualy u guys should ask the banker what is the max margin the bank can offer for this project.

Many of u above are guessing why only approved 80% but not 90%.

Yes. Individual Income plays a big part. Debt ratio must less than 50% or 70% for individual and 80% or 100% for self employed. Repayment is also quite crucial. For CC, to pay minimum payment is fine but make sure the outstanding don't have 80% of the
individual card limit.

However, I would say that, a bank would analyse the project pricing and the developer background. If big timers, no matter the pricing is 10-20% higher than market project indication banks would still finance up to 90%

For less well known developer and if the pricing is 10% higher, the bank would offer max 85% or max 80% for the loan financing, regardless how good is ur income.

Especially for high rise, most banks would scared. OCBC normally offer max 80% in this situation or no financing. Alliance 80% or 85% or no financing. UOB good, either 90% even pricing is higher or no financing. If CIMB and UOB not finance the project, I would probably worry to buy it bcz their end financing are the most less strict.

However, as BNM putting a wave and 2nd wave after 1st Jan where effective income would base on nett income or income penalty, banks are normally strict at this festival period. Moreover, they are calculating the 3rd or 4th quarter target and profit. So, I would say banks will do something after CNY to boost the approval. The biggest problem is, would BNM come with 3rd wave of lesser commitment in order to approve the loan.

I would always point, this is not the way to control the property bubbles and only affect the first time buyers and smallish investors. Just my six cents thought.