got it! thanks 

prefer the previous presentation of the account where the actual outstanding balance was shown.

now i have to do some arithmetic to get the amount correctly 

Hi, want to ask some opinion, if the 1 st home loan is for the under con property, and now planning to get 2nd home loan for a subsale unit. How the 1st home loan will affect financial standing in getting the 2nd home loan , does the ccris statement will take the full amount monthly that i should pay or the interest amount?. Tqvm

let me stress again, semi flexi and fully flexi is not only based on the difference on the withdrawal/redrawal part.

OCBC home loan is neither semi or fully flexi. It is a flexi package.

semi flexi package typically has these features:
1) requires you to phone in to indicate the extra payment as early settlement of advance payments
2) if you fail to indicate, you will be charged 1% (some banks do this afaik)
3) if you indicate advance payment, no additional interest is saved  as "advance" payment will only be credited to your loan account when it reaches your cycle date, so it is plain advance payments. and must be in multiple of your monthly payment.
4) For redrawable prepayments, you need to indicate separately and Redraw charge of RM50 is imposed (M*B charge Rm25)

full flexi:
1) current account tied to loan account
2) auto debit from current account at month end and interest is calculated based on outstanding balance minus amount in current account
3) maintenance charge of RM10 per month
4) setup/ processing fee of Rm200

OCBC home loan:
1) no need to call in whatsoever, all extra payments (of any amount) will go into your loan account and interest is saved immediately (exactly like fully flexi loans). you may pay 2/3 months in advance, no issue
2) no maintenance/ setup/ processing fee (you'll save a lot, brother...)
3) for redrawable prepayments, you can pump in cheque or direct over the counter.
4) Rm10 is charged for each redrawal and T+3 days processing time

In conclusion, everything in OCBC home loan is same as flexi loan, except for the redraw part and cheque book facility.

** To Chris Chew, yeah, absolutely interest is saved immediately... trust me... i am the expert...

It's not a reduction in principal balance, but who cares? Interest computation wise, it is going to be:

All banks r searching for new customers. So if u r new to them, they ll treat u like god.

To me, ocbc is just another bank doin the same thg. I just refinanced 2 of my loans fr ocbc to another bank n they got a shock with my decision. Reason for me to do so is bcos they din listen to wat I proposed to them to lower the interest tat other banks r offering me. FYI, those 2 loans r not under lock in anymore. My request was just to match if not beta %.

Guess wat, it ended up they offer me a super gd rate for my new purchase so I'm considering taking fr ocbc again. But sori to them tat I oledi refinanced my 2 loans with other bank which I can save more than 1k/mth in installments.

I hav been honest n straight forward to all banks tat they hav to consider my dream rate. If cant do it, there r actually any other banks waiting in the line to provide it.

can share what is the dream rate you looking at?
saving 1k interest per month is scary..

I usually take up loan for shops n factories so any bank which can provide me BLR -2.45 is considered superb. And guess wat, I'm now nego w 1 bank for tat. The previous LO was BLR -2.4 few days ago. I think they can giv in s my track record with them is more than they can say perfect.

For resi loan, I'm sori cos I seldom look into tat.

What's the max tenure for commercial loan bro? BLR-2.4 for commercial loan is 
Is it depended on loan amount too?

Hi kok_pun,

Thanks for the details explanation. After OCBC included new info. I also worries my "Advance Payment" does not help to save interest especially i read Notice from OCBC sometime June-2012 "....The balance of the loan account will not be affected"

It's flexi loan, you save Interest.

It's flexi loan, you save Interest.

OCBC where got flexi loan?

Yes, they hav.

Usually 20 but I heard there is a bank givin 25 if u r darn gd payor by track record. Oso s u mentioned, loan amount.

Ic.. btw, commercial loan also has full flexi or is it just fixed term loan?

My previous shop loan was flexi as claimed. Not sure the procedure to withdraw $$$ s I hav not tried tat b4. But I dump in $$$ til balance is less than RM1 and no penalty eventhou its stil under lock in. Ocbc officer told me s long s no redemption, Ocbc cant do anythg bout it. I forgotten whether they hav given me a cheque book onot s I hav no intention to withdraw anythg so din bother oso.