QUOTE(Sweetk @ Mar 19 2013, 10:56 AM)
Planning to purchase a house for the first time within these couple of months. However, I am still not clear of some matters:
1. Is there much different to apply loan from different banks? (As in price wise.)
2. In what aspects will we tell if one is better than another?
3. Should we get pre approved from banks for loan before deciding on a purchase? Is it important? (If yes, do all banks provide preapproval? recommendation of bank(s) please)
All banks offer BLR between -2.4 to -2.45 but different banks different rules & requirements, below are what I found out:
- Hong Leong max loan period 30 years, other mostly until 40 years.
- CIMB offer only 90% of your 90% after discounted purchase price
- UOB does not offer Flexi - loan
- HSBC requirement pretty high
- Maybank, heard will be hard for you to do refinance or when you wanna sell it in the future
Book a unit first, if loan doesn't approve, you need to get a letter from 3 banks in order to get back your RM8k, -Rm500 booking fee.
Usually will takes about 1 week time, less or more for bank to approve.
;-) Hope that helps.