OCBC housing Loan, better than other bank?pls debate
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 Aug 15 2013, 06:44 PM
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#1
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Junior Member
97 posts Joined: Aug 2011 
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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 12 months after complete the house/cf/full amount of the money giving to developer? Kindly advice |
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Aug 16 2013, 02:57 PM
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#2
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Junior Member
97 posts Joined: Aug 2011
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QUOTE(alex_cyw1985 @ Aug 16 2013, 11:40 AM) mean the money in your R&R loan only valid for 1 year, after 1 year, you cannot use the money anymore... Understand, but i just received a letter from ocbc saying that my R&R loan already expired... Fyi, i just received CF/CCC/VP by this June 2013... |
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Aug 16 2013, 02:58 PM
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#3
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Junior Member
97 posts Joined: Aug 2011
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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. They telling me, the R&R may count by the day after the loan agreement approve... |
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Aug 16 2013, 11:44 PM
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#4
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Junior Member
97 posts Joined: Aug 2011
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QUOTE(alex_cyw1985 @ Aug 16 2013, 05:00 PM) 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. My agreement already mentioned 12 months from the date of vacant possession, dont know ocbc base on what agreement saying my loan is expired!check your agreement again for the term... / contact OCBC.... This post has been edited by stephenking: Aug 16 2013, 11:45 PM |
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Aug 19 2013, 09:46 AM
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#5
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Junior Member
97 posts Joined: Aug 2011
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QUOTE(alex_cyw1985 @ Aug 17 2013, 01:51 PM) then better check with ocbc yes, if today no reply or answer, tomorrow will go to KL HQ there. |
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Aug 19 2013, 09:49 AM
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#6
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Junior Member
97 posts Joined: Aug 2011
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QUOTE(cutealex @ Aug 17 2013, 01:54 PM) Ocbc isdamn lousy now, seriously Agree, they do not know their products, but go and serve customer  |
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