Lock-in Period Penalty Abolished?, Effective 1st July
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 Sep 10 2012, 10:21 AM
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Senior Member
804 posts Joined: Feb 2009 
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QUOTE(thszone @ Sep 10 2012, 08:40 AM) I'm just wonder, normally lock-in period will start from 1st disbursement from bank to developer, or the full disbursement? (for under construction condominium property) It's usually starting from the 1st disbursement if I'm not mistaken as it would trigger your monthly installment to the bank (in full). Confirm through your LO and/or call your loan bank. |
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Sep 10 2012, 11:13 AM
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Senior Member
5,857 posts Joined: Dec 2010
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QUOTE(thszone @ Sep 10 2012, 08:40 AM) I'm just wonder, normally lock-in period will start from 1st disbursement from bank to developer, or the full disbursement? (for under construction condominium property) Yes, normally 1st disbursement. |
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Feb 20 2013, 11:35 PM
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Elite
1,701 posts Joined: Jan 2003 From: Setia Alam 
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currently refinance for full flexi, amount 400k. CIMB offer me blr -2.2. Looks low for me. Guys any comment on it. What others offer full flexi?
How I know my currently loan will subject to some charges for full settlement after lock in period? I heard some bank do charge some min amount for those refinance after lock in period. Please comment, thx |
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Dec 23 2013, 01:25 PM
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Junior Member
384 posts Joined: Dec 2005
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btw, back to main post
is it confirmed no more penalty on old loans (still within lock in period) when early settlement??? cant seem to find the answer in previous posts |
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