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OCBC housing Loan, better than other bank?pls debate
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izzudrecoba
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 May 7 2012, 06:18 PM
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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  |
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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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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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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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