haha, ocbc name fxcked up by these fella

Anybody applying loan from UOB?
I got reply frm banker said MOF can only up to 80% with DIBS?
if 90% then the remaining 10% of interest have to bear myself..

Anyone can confirm this?

This post has been edited by bpay14: Jun 26 2012, 05:27 PM

BLR or BFR only the term is difference. Base Lending Rate or Base Financing Rate. Both currently are 6.60%. Maybe due to its Islamic, therefore not nice using lending😁

Normally, Islamic and conventional nothing big differences. What about think like this way, it do have a lot benefits too. In Malaysia, BNM sure will protects bumiputera, am I right~

The differences mainly is Islamic will set a ceiling rate@10.60%. The bank max interest can charge to customer. You may noted from LO do stated the bank selling price. This selling price may afraid u, because they add in all the finance interest and principal borrow base on 10.60%. But no worries, when the time when u sold or refinance the property, bank will rebate to you. So far nowadays a lot of Chinese also taking Islamic loan as well.

Correct me if I'm wrong😁

What is lowest price for Block B, 881sqft (before 5% rebate) when the developer launched ZEVA at day-1?

This is only base on BBA concept, not sure about CM as I did not do a research

There are 3 concepts in Islamic banking - Malaysia.

BBA
MM
CM

MM does not have ceiling rate but the concept is more appeal to most of the people like me. Because of some unfriendly-user features (in BBA) such as hard time in calculating your balance as they use the max selling price rather than the price base on current BFR rate.

However some banks like MBB already start separating the statements.

I am not sure for the others. Conventional loan balance usually can be checked in Maybank2U but not for Islamic.

Another thing usually heard for BBA concept is the early settlement can be much higher for those who wants to do early settlement. There have been many calls for them to promote MM concept to the Muslims instead of BBA concept as Islamic concept loan suppose to help but ended up burden.

What I can say is Islamic concept is not yet mature in Malaysia however it does have the benefit. You must be clear of the concept and what stated in the terms & condition.

Just go ahead and apply a few banks. Once you have their L.O, compare them and make your own decision at your own risk. If you are not sure, just go for standard conventional.

Cheers

This post has been edited by davidlow7: Jun 26 2012, 05:35 PM

Confirm. I heard same thing.

Hello all, first time buyer here. Last Sat managed to book 1 unit at Block B, 4th floor, 1204sqf, corner facing Putra Walk. Price RM464,888 before discount, any idea how much been marked up difference w day 1?

Hmm.. Am dealing w OCBC too. Submitted docs today. So far find this Ms. Y still ok. After i sent the doc, will follow up w me. Told if possible revert status approval by Thur/Fri. So far she mentioned to me BLR - 2.4, semi flexi, no lock in, no refinance in 5 years, MRTA not compulsory.

Left 7 days to execute S&P. I have read through all the posts here, hope anyone can confirm my below correct?

Apply loan > sign offer letter > sign s&p + pay for the balance D/P payable.

What about loan agreement? When to sign & pay? The banker calculate for me total payable for the legal fee for loan agreement is abt RM7,124 for loan amt RM418k+, is this correct?

Thanks & wish everyone can sign s&p soon.

your snp deadline can extend.

This post has been edited by paklim: Jun 27 2012, 09:39 AM

I was also serve by Ms. Y and I agree with you. She follow up very closely with me and she is very polite and professional in handling all the matters.
I have faxed in a letter to Mr. Andrew to request for extension and my extension has been granted. I have till next Saturday to sign the S&P.

Could I have Mr. Andrew contact here? his email address or phone number also can.. thanks..

yaya...mind to share Andrew's contact with us?

http://www.zeva.com.my/contact/

You just have to write an official letter and fax in to the number show in Zeva's website.
Attention to Mr. Andrew. Then you can call the general line and talk to the sales people.
Or you can send an email to the enquiry@trinitygroup.com.my to ask if they have received your fax. You will receive a reply from them.

This post has been edited by alakazoom: Jun 27 2012, 10:04 AM

write official letter ah...chamz....left school so long aredi, dunno how to write official letter

thanks for sharing

xxxx,

With reference to the matter above, i would like to apply for 7 days
extension of time for singing of SPA due to delays in Loan Offers by
banks.

I have applied to the following banks:-
1. Al Rajhi
2. Hong Leong
3. Alliance
4. OCBC

As such, please confirm back to me if the extension of time is allowed
and if the terms in offer of sale letter still applies.

Thank you,

Regards,
xxxx
unit xxx

wa...

Power!!! Sure approved.

i jst apply extension 1 day... heheheh... going sign SPA this saturday.. no working day..

1 day no need apply ler.... Which bank approved Ur loan?