Could anyone here please list down the robber banks and the branch of that robber banks? So we would know when to be alert

This post has been edited by AMINT: Jun 26 2012, 10:11 AM

+1

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Added on June 26, 2012, 10:14 am????

This post has been edited by feezar25: Jun 26 2012, 10:14 AM

no lock in = easier to flip?

BLR-2.4 to BLR-1.8? surely a more heavier burden for everyone...

You're also "Tiger"r mar.. LOL
Your case, if the loan tenure is still long way to go, it's a good time now you should do re-finance...
In long run, the interest saved is definitely more than legal+stamp duty (0.5% only) being paid.

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Added on
To be fair (I'm not Tiger fan), other banks also have the similar clause

yep...i know.... i can refinace it or settle in lump sump....but i still got other loans.....if i refinance it and keep another bulk of cash and place it in a flexi account, i still save $$$ over the long run....but the risk is with liquidity cash....means i may dump into another new property along the way... too many saying bubble bubble....take a break first....

Just my opinion. Besides Tiger bank, El Rajhuwali also got hidden clause. RM10 for every transaction. You put money in your account, minus RM10. Bank minus the amount in your account to pay your monthly installment, minus RM10. You take out money from your own account, minus RM10.You hilang card or damage like microchip cannot be read (their own stupid supplier F up, but you pay RM20 for that). Other banks happily replace for free.

I kena this one. Luckily only 5 years loan (not housing loan). I lost RM1K++ in 5 years time and this year the loan will habis bayar. so lega. I checked the agreement. Nothing mentioned on this. The only clause mentioned:

El-Rajhuwali has the sole right to impose or increase transaction fees without any prior notice. My fault also coz I consider this stupid bank.

Islamic Bank is being created to protect the people but these so called Islamic Banking is the one that sembelih you kau2. BS I tell you.

This post has been edited by AMINT: Jun 26 2012, 11:07 AM

i believe so...which bank can allow u for late payment or not paying for 3 mths? bank also need to give their staffs $$$ ma...

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Added on June 26, 2012, 11:07 am multi-millionaire tigerr

This post has been edited by dino10chels: Jun 26 2012, 11:07 AM

Is this confirm? " only applicable for Islamic loan only" & " conventional loan will be remained unchanged"

if it is confirm.

What is the strategy for new property buyer? getting islamic loan or conventional loan? & why?

Can give one example for below? it possible some computation, ok?

" The only different is your stamp duty for the loan will have to pay more because of the Selling Price after the end of the loan tenure in Islamic loan agreement is higher. "

This post has been edited by tikaram: Jun 26 2012, 11:11 AM

sometime u just cant avoid the clause or u may not know the existing of such clause...so better cash buy lo....
but surely i cant

also comes with millions in debts....

Y dont u share with us ur strategy 1st since u got so many questions...

Yes, reasonable clauses are ok. But minus RM10 for every transaction, every month at least RM20 hilang. So if you pay over 40 years, wahh mati woo. Every month:

1. Put in money in your account = RM10
2. Bank take money from your account to pay installment=RM10

This is miminum monthly.

Understand, even worst if spend out all the money elsewhere such as luxury items then I've the same concern, and always controlling myself.

Refinance, it doesn't mean that you've to get out more money; you can simply because of the interest rate, you move your loan from one bank to another plus enough to cover your legal fees+stamp duty

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Added on
The way of charging is ridiculous TQ for sharing

No problem bro. We are here to share. Hopefully nobody kena like me. Please dont take this bank. You will knock your head and feel like a sohai coz signed the agreement and yes there is a a penalty for early settlement. My loan for 5 years, if pay full lesser than 5 years, also got penalty. I really2 feel like kena kencing sampai hancing wooo. huhuhu

Why talking about reducing in this economical climate?

at least u've passed thru this kind of disaster moment...
salute

Uob put t&c to me, early seytlement within lock in period will penalty 2% of outstanding loan, after lock in period, also kena 2% admin fees

I dun think any different

cheap....if you take a 500k loan. if you want to fully settle within the lockin period.....you paid up to 499k and leave 1k outstanding....then, you tell then you want to fully settle the outstanding...2% of 1k = 20 nia..... if this works

This post has been edited by Tigerr: Jun 26 2012, 02:13 PM

asked before.... Xlliance bank... bokoleng (impossible)....