My first loan from Tiger bank...only BLR - 0.7 and no lock in...but if got late payment for even one month...will automatic revise the interest to BLR + 2%.....what kind of robber is this....

i told them to revise my interest rate after 4 years....and they only can give me BLR -0.8% with 3 years lock in while all other banks are giving BLR -2.2% at least. So, i tell them you take back your revise offer and i will one day settle it or refinance it with other banks....they told me, if you go refinance it, you need to pay legal and stamp duty.... Guess, i really have to go HL or PB to do the refinacing......

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....

also comes with millions in debts....

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

aiyah...i also know...but he says 2% from outstanding mah....so, i troll him lor....

actually 2% is not much lar....lets say 500k loan....2% = 10k nia.....

if you buy a property worth 550k and sell it when it goes up to 800k.....you take out 55k and borrow 495k....and your 55k can earn you 250k and after deduct legal fees, stamp duty plus penalty, you still earn 200k++....why bother the penalty???? IS it orang bila mahu kaya become more calculative????

sometimes, people are lazy to read through all the details and want to depend on others to tell which nobody will likely to tell you...

also, some dont care as they need the loan and accept apa apa saja as long as can get the loan

also, some think they can nego or twist later where it is almost impossible....

also, some think all loans are same......

imagine as if ask you to read through the telephone yellow pages thick alike SPA and Loan Agreement.....you may need to spend one whole day and night to read and comprehend the whole thing....end up....the legal assistant just point you...sign here...sign here...sign here....and sign here.....

i am only a kuli kia....earning just enough to eat....but buy you a beer is no problem geh....

remember...i got millions-air........

This post has been edited by Tigerr: Jun 26 2012, 03:55 PM

knn...all the bank only offer me max BLR - 2.2%, somemore need to buy MRTA only can get......

why all my bankers say max only can get -2.2 geh??? haha....

ya meh??? mine is commercial loan woh.....a shop woh, not a house.....how to get -2.4%???? If buy without MRTA....get -2.1% only woh.....

I only tried AM, PB, HL lar....others belum tried....OC punya rates lagi sucks as after spoken to the officer and i told him, in case all my applications failed, only i will come back to you....no choice....

[quote=dino10chels,Jun 27 2012, 10:10 AM]
Yes, I read found , that was why I asked, those are not residential loan terms.

The banker told you that you'll still need to pay 2% admin charge for early settlement even after 3 years lock-in, right?
I don't read much Commercial Loan agreement ...
From what I tried to understand, looks like it is (2% thing) ...

[/quote]

i also very , y still have to pay the penalty of 2% after lock in period?

[/quote]


The banks rules and condition mah......i thought my understanding that the rates is still subject to the bank discretion as it states like this "the prepayment premium shall be 2% flat or at such other rate as the Lender may stipulate from time to time on the amount prepaid.

Will they change to 5% or 10% later and you will never attempt to do any early settlement and continue to pay the high interest rate in case the BLR goes up to 10%.....