QUOTE(thszone @ Aug 26 2012, 08:20 PM)
Yup, we can proceed to apply loan in the mean time, but we must pressure them to launch it asap, cos we need them to officially launch, and c what is the finl offer of the other bank.
Heard that Public Bank can offer up to 2.5% for 1st year, 2nd and 3rd year 2.45%, and 2.4% for the remaining years.
But without capitalized progressive interest.
I don't think capitalized progressive interest is a MUST, it had disadvantage also. all the interest within the 1st 3 yrs will sum up to the total loan amount, and when the 4rd year we start pay, we need to pay extra interest for the total interest of the 3 years past, if the total interest for the 1st 3 years = 30k, 30k*4% = 1200, per year.
hope we all are buying for own stay, and i won't turn into another koi tropika. god blessed.
Added on August 26, 2012, 8:24 pmso fast u signed the MBB offer letter?
if other bank can offer better package?
do u think 3 yrs progressive interest is good?
plz share ur comments. Thanks.
and i think we should give the developer some pressure to launch it asap. scared they will delay it too late.
Anyone has requested a copy of the draft 3rd schedule of SPA as stated under Repayment in the offer letter from developer?
As far as I know, this schedule will show how the developer will be going to claim the progressive payment from the Bank during the construction stage. This is important bcos it will impact on the interest payment regardless you go for capitalised or non-capitalised progressive interest.
Informed by developer that the first 10% (so called loyalty program) is sufficient for them to construct up to Level 6 (Facilities floor). No claim to be submitted to the Bank until construction of residential floor (i.e. Level 7 and above) starts.
In short, the higher floor you bought the lower progressive interest will be charged on you. Again, this will apply on both capitalised or non-capitalised package.
Added on August 26, 2012, 10:50 pmQUOTE(thszone @ Aug 26 2012, 08:20 PM)
Yup, we can proceed to apply loan in the mean time, but we must pressure them to launch it asap, cos we need them to officially launch, and c what is the finl offer of the other bank.
Heard that Public Bank can offer up to 2.5% for 1st year, 2nd and 3rd year 2.45%, and 2.4% for the remaining years.
But without capitalized progressive interest.
I don't think capitalized progressive interest is a MUST, it had disadvantage also. all the interest within the 1st 3 yrs will sum up to the total loan amount, and when the 4rd year we start pay, we need to pay extra interest for the total interest of the 3 years past, if the total interest for the 1st 3 years = 30k, 30k*4% = 1200, per year.
hope we all are buying for own stay, and i won't turn into another koi tropika. god blessed.
Added on August 26, 2012, 8:24 pmso fast u signed the MBB offer letter?
if other bank can offer better package?
do u think 3 yrs progressive interest is good?
plz share ur comments. Thanks.
and i think we should give the developer some pressure to launch it asap. scared they will delay it too late.
PBB service sucks. Not sure their bank management has resolved the car park issue or not. This has resulted they cannot proceed the issuance of LO to customers. Also, no updates from them. They thought no other bank in this country..
Anyway, their so called better rates and worthwhile waiting package (as claimed by the PBB banker) are no difference to MBB -2.4
The monthly instalment is the same as the rate's difference is too minor
This post has been edited by jeoneun: Aug 26 2012, 10:50 PM