QUOTE(keane04 @ Jul 31 2012, 03:16 PM)
jus curious, what is the interest rate for the renovation loan?
My case BLR+0OCBC housing Loan, better than other bank?pls debate
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 Jul 31 2012, 03:57 PM
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#1
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Senior Member
1,229 posts Joined: Jan 2003 From: Malacca   
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Aug 16 2013, 11:40 AM
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#2
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Senior Member
1,229 posts Joined: Jan 2003 From: Malacca
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QUOTE(stephenking @ Aug 15 2013, 06:44 PM) Just want to ask for the OCBC R&R loan did mentioned about the availability period is 12 months from the date of delivery of vacant possession of the Property... mean the money in your R&R loan only valid for 1 year, after 1 year, you cannot use the money anymore...mean 12 months after complete the house/cf/full amount of the money giving to developer? Kindly advice |
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Aug 16 2013, 05:00 PM
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#3
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1,229 posts Joined: Jan 2003 From: Malacca
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QUOTE(onnying88 @ Aug 16 2013, 01:11 PM) It's mean you can only apply R&R loan in 12month. After that can't apply anymore. Once applied and get the money, you can spend it anytime you want. not sure the policy applied to everyone, but my R&R loan approved together with my house loan....and the amount is valid for 1 year after VP...and you won't get CASH, you need to get the vendor Invoice for claim, the cheque will issued to the vendor name.QUOTE(stephenking @ Aug 16 2013, 02:57 PM) Understand, but i just received a letter from ocbc saying that my R&R loan already expired... check your agreement again for the term... / contact OCBC....Fyi, i just received CF/CCC/VP by this June 2013... |
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Aug 17 2013, 01:51 PM
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#4
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Senior Member
1,229 posts Joined: Jan 2003 From: Malacca
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QUOTE(stephenking @ Aug 16 2013, 11:44 PM) My agreement already mentioned 12 months from the date of vacant possession, dont know ocbc base on what agreement saying my loan is expired! then better check with ocbc |
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