cimb
hsbc
alliace

I prefer flexi loan

thank bro

Seem like PBB is offering a better rate for the 3 years construction period.
But how much is the interest saving from lower rate as the loan has not fully drawdown in the 1st 3 years.
Can someone tell us how to calculate the MRTA?

Alliance, BLR-2.4% come with MRTA or Credit card. Better apply credit card..
HLB BLR-2.3

I think OCBC, citibank, HSBC not in the panel yet

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Added on December 22, 2011, 4:23 pmActually all bank more or less is the same. during construction period interest rate lower, js save a bit interest only. better choose after the construction period, the interest lower. Hard to calculate the MRTA, coz the insurance company got their own claculation, we cant count it.

This post has been edited by krif: Dec 22 2011, 04:23 PM

Last time I ask my banker to quote, loan 450k for 35years is about 18k..........
Please correct me if I'm wrong

HSBC and OCBC are in but Citibank... yep, it's more or less the same but choose the full flexi loan is better as there will no one-time setup charges and admin charges for any money withdrawal later. For MRTA, just buy for 10-15 years is enough, by that time u could have paid-off your instalment early based on flexi loan rules.

Thanks ya. Did u have OCBC banker??

i am

Not yet, waiting for them to call.. but i heard they are only offering semi-flexi loan package.

Go for HSBC Puchong branch. I applied last friday and got the result yesterday. It is fast processing and it is full flexi loan. I still negotiating the rate with them.

Yep.. it's full flexi and it's good that if u dump all income into this loan account and will paid-off your instalment in 10 years, if u're disciplined...

Just got a call from PBB, the management had changed the package due to The Leafz is commercial title, theu will only approve for 80% with same condition:

1 year -2.5%
2 & 3 year -2.45%
subsequest -2.4%

MRTA compulsary

For those got the offer of 90%, they are only verbally confirm so the final offer is only 80%!!!!!

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Added on December 23, 2011, 5:32 pmWat is the different of full flexi and semi flexi loan??

This post has been edited by mamaraye: Dec 23 2011, 05:32 PM

Forget about local banks, just go for foreign banks as their packages and services are far more better.

In brief, semi-flexi loan might charge u for one-time setup fee for opening account and charges will be incurred for every withdrawal. While full-flexi is just the opposite, and normally come with cheque book and allowed for unlimited deposit/withdrawal transactions in one single account without extra charges from bank. Both loan methods are still based on daily rest calculation but full flexi will reduce principal amount much faster

I received the call from PBB today , they only approval for 80% loan due to The Leafz is under commercial Title.Anyone got others bank that handling the The Leafz so that i can directly contact n pass document to them?

Which bank u wan?? U pm me your contact lo. Then I ask the banker collect doc from u

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Added on December 23, 2011, 10:02 pm[quote=mamaraye,Dec 23 2011, 05:25 PM]
Just got a call from PBB, the management had changed the package due to The Leafz is commercial title, theu will only approve for 80% with same condition:

1 year -2.5%
2 & 3 year -2.45%
subsequest -2.4%

MRTA compulsary

For those got the offer of 90%, they are only verbally confirm so the final offer is only 80%!!!!!

Really?? I submitted to my PPB banker fren. Se din told me about this. The leafz is commercial title but under HDA scheme. I think should be can get 90%.


This post has been edited by krif: Dec 23 2011, 10:02 PM

what about other banks like uob? BLR -2.4 not bad ma?

omg . for piblic bank , the rule of 70% will be apply for chargor ( name on s& p) as well. under construction give less interest will only save very little interest. don't forget, must buy little mrta.

bkwoh is right. Forget about local banks. Go for international bank as they are fast in terms of loan processing and provide better service.

Hi, mind to share the contact of HSBC? Thanks !

I think the housing market will slow down next year but it also depends on demands which I think its still there AND inflation. If you are spending more on the goods, its a good indication the housing marketing is going upwards.

While the condo price is getting higher, I will see the condo trend is moving from general design into unique design(differentialization of product) to justify the premium paid. After 10 years when more and more unique condo built, the current general condo may loss the attraction. Ppl will no more look for a place to stay but also a package of added value. Thus to hold for long run, it will be best to go for unique design/concept condo even though to pay at small premium now.

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Added on December 26, 2011, 11:29 pmJust like last time all selling milk powder by playing the price strateg, now every milk company wants to distinguish their products from others by adding DHA, prexxx, 3T,...off course adding the premium to justify the added value. Milk powder with no unique added value can hardly survive in the market. Ppl buy the milk powder not only aim for food but also a package of added value on top of the basic needs. Even though premium paid parents will treat the added value as if their needs.

This post has been edited by Guppy11: Dec 26 2011, 11:29 PM