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OCBC housing Loan, better than other bank?pls debate
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froglai88
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 May 8 2012, 07:04 AM
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QUOTE(izzudrecoba @ May 7 2012, 08:18 PM) I have recently purchased a house in Semenyih for investment and took OCBC Bank due to the following:- i. Up to 80% commitment based on net income. (Able to obtain 90% loan plus good BLR - 2.4% rate)  ii. Offered innovative loan called "Renovation Loan" with BLR +0% on top of my approved housing loan facilities. The best part is that the Renovation Loan is able to "skip" my existing high commitment shown in CCRIS. iii. Provided example of payment, and the expected full amount of housing loan need to be paid (principal + interest) through separate letter (more clarity & transparency). Thumbs up to OCBC Bank  OCBC offerred similar product like you to my recent purchase, good follow up and service. They even called me in overseas..... Thats why i decided to give it a try, 1st time used different bank... |
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izzudrecoba
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May 8 2012, 10:04 AM
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QUOTE(jalsrix @ May 8 2012, 01:51 AM) how much is your loan amount ? when i ask ocbc, if loan amount less than xxx, it is blr - 2.2 Loan amout: RM 300,000 BLR = - 2.4% 
Added on May 8, 2012, 10:05 amQUOTE(Chris Chew @ May 8 2012, 01:12 AM) Up to 80% commitment? Really? Yes. Only if you are in executive position and above with income at least minimum RM 3,000 and above, If I'm not mistaken. This post has been edited by izzudrecoba: May 8 2012, 08:08 PM |
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SUSrockefeller
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May 8 2012, 10:25 AM
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I took loan from CIMB recently they gave me BLR - 2.45 and Alliance gave me BLR - 2.4. Both full flexi loans. Both loan amounts in the region of 800-900k.
Why should settle for semi flexi when one can get full flexi?
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izzudrecoba
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May 8 2012, 11:06 AM
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QUOTE(froglai88 @ May 8 2012, 07:04 AM) OCBC offerred similar product like you to my recent purchase, good follow up and service. They even called me in overseas..... Thats why i decided to give it a try, 1st time used different bank... Great. Excellent Have you decided to take the renovation loan? I rather refinance the existing loan to utilize the cash equity for other investment purpose, rather than using the renovation loan (4.2% versus 6.6%). I was informed that OCBC Bank is the strongest bank in the world for two consecutive years by Bloomberg Journal yesterday. What an award!  |
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froglai88
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May 9 2012, 06:55 AM
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QUOTE(rockefeller @ May 8 2012, 12:25 PM) I took loan from CIMB recently they gave me BLR - 2.45 and Alliance gave me BLR - 2.4. Both full flexi loans. Both loan amounts in the region of 800-900k. Why should settle for semi flexi when one can get full flexi? Is tis the loan for G Residence ? And u using their panel banker ?
Added on May 9, 2012, 6:59 amQUOTE(izzudrecoba @ May 8 2012, 01:06 PM) Great. Excellent Have you decided to take the renovation loan? I rather refinance the existing loan to utilize the cash equity for other investment purpose, rather than using the renovation loan (4.2% versus 6.6%). I was informed that OCBC Bank is the strongest bank in the world for two consecutive years by Bloomberg Journal yesterday. What an award! I took it, but will decide if use it or not upon VP. If cashflow allow, wont touch it then.... fingers crossed..   This post has been edited by froglai88: May 9 2012, 06:59 AM |
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SUSrockefeller
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May 9 2012, 09:01 AM
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QUOTE(froglai88 @ May 9 2012, 06:55 AM) Is tis the loan for G Residence ? And u using their panel banker ? Guilty as charged  |
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kidmad
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May 9 2012, 09:07 AM
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My sister who got a housing loan from this bank... They pre-approve 36k personal loan and 63k renovation loan on top of her housing loan.. Gila!
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froglai88
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May 9 2012, 09:43 AM
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QUOTE(rockefeller @ May 9 2012, 11:01 AM) Guilty as charged Coz I heard their CIMB panel banker can offer -2.45%.... |
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izzudrecoba
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May 9 2012, 10:13 AM
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QUOTE(kidmad @ May 9 2012, 09:07 AM) My sister who got a housing loan from this bank... They pre-approve 36k personal loan and 63k renovation loan on top of her housing loan.. Gila! Hi Kidmad, Your sister can opt not to take the renovation loan by ignoring the loan within 1 year after her house is complete. |
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id3d
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May 9 2012, 10:19 AM
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New Member
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QUOTE(rockefeller @ May 8 2012, 10:25 AM) I took loan from CIMB recently they gave me BLR - 2.45 and Alliance gave me BLR - 2.4. Both full flexi loans. Both loan amounts in the region of 800-900k. Why should settle for semi flexi when one can get full flexi? get semi flexi so you dun have to pay the rm10 monthly ? This post has been edited by id3d: May 9 2012, 10:19 AM |
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kidmad
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May 9 2012, 10:45 AM
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QUOTE(izzudrecoba @ May 9 2012, 10:13 AM) Hi Kidmad, Your sister can opt not to take the renovation loan by ignoring the loan within 1 year after her house is complete. yup, of course we will never take! haha renovation and so on had being accounted for. |
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zackzauri
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Jun 20 2012, 07:43 AM
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New Member
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chaps, i have 3 units from Baiduri (Setia Alam) priced at 194k. if any banks can offer me BLR-2.4, its a deal.
This post has been edited by zackzauri: Jun 20 2012, 07:43 AM
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kiddyinvestor
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Jun 20 2012, 09:24 AM
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QUOTE(zackzauri @ Jun 20 2012, 07:43 AM) chaps, i have 3 units from Baiduri (Setia Alam) priced at 194k. if any banks can offer me BLR-2.4, its a deal. waa......so many biji......i am sure bankers out there will be very keen to do your business  |
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gheyfriend
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Jun 20 2012, 02:00 PM
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Getting Started
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194k must be bumi lot.....but usually loan below 200k can get 2.4 meh? i oso want if can get QUOTE(zackzauri @ Jun 20 2012, 07:43 AM) chaps, i have 3 units from Baiduri (Setia Alam) priced at 194k. if any banks can offer me BLR-2.4, its a deal. |
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wanchenghuat
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Jun 20 2012, 02:07 PM
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My ocbc was 3 years fixed rate at 4.55% then remaining years will be BLR-2.45% 40 years 80% rm550k
Cimb gave me blr-2.40% 40 years 90%
hongleong gave me blr-2.40% 30 years 90%
ambank gave me blr-2.35% 40 years 80%
uob din wanna do my business lol..
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yi_min82
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Jun 20 2012, 06:19 PM
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New Member
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QUOTE(wanchenghuat @ Jun 20 2012, 02:07 PM) My ocbc was 3 years fixed rate at 4.55% then remaining years will be BLR-2.45% 40 years 80% rm550k Cimb gave me blr-2.40% 40 years 90% hongleong gave me blr-2.40% 30 years 90% ambank gave me blr-2.35% 40 years 80% uob din wanna do my business lol.. Do they charge rm10 every month?, bc this will affect 0.05% if u did the amordise table.. |
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@Adele
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Jun 20 2012, 06:24 PM
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i choose ocbc coz the loan officer provide good service to me and rates the best at that time
nothing in particular. but i stress for good service more
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wanchenghuat
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Jun 20 2012, 06:53 PM
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QUOTE(yi_min82 @ Jun 20 2012, 06:19 PM) Do they charge rm10 every month?, bc this will affect 0.05% if u did the amordise table.. No rm10 Monthly charge.. Mine is semi flexi.. If i wanna withdraw my advance payment need 3 working days to process and that one got rm10 charge. Other than that its 3 years lock in. I went for ocbc coz of the fixed rate. I think the blr may go up soon.. Hopefully i can be protected with the 3 year fixed. One problem that occur during application is that Ocbc required a whole lot of documents and verifications which other banks dont need. Especially those like me who do not have any CCRIS record at all.. Processing took 5 weeks. Cimb 4 working days Ambank 4 working days Hong leong 5 working days |
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souliedude
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Jul 6 2012, 01:09 AM
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New Member
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Hi all,
Normally OCBC will just take 3 to 5 working days to process the loan.
There is a delay cause of recently OCBC has just upgraded their system & there's some backlog issues which make the processing slower.
After all the implementation & backlog issues have been cleared OCBC will continue to serve customer better.
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kok_pun
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Jul 6 2012, 01:32 AM
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QUOTE(chiew @ Mar 26 2012, 01:27 PM) what is the "accured profits/interest" mean? it seems to increasing day by day, but with no effect to outstanding balance. any OCBC banker here can help? it is the accumulated interest to be charged on your account during the first day of the following month. because interest is calculated daily, you will see the change in amount everyday. try to pump additional Rm5000 one day and on the next day you will see lower interest being added to the "accrued interest" amount |
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