Hi,

Is there any bank/other company that provide Land and House construction loan?
If yes, any detail for the product?

Who knows it is cheaper compare to completed property with this method....

Thanks in advance.

This post has been edited by kambeng02: Jul 12 2012, 02:51 PM

U buy completed less headache
Deal with many ppl headache
Unless u want to suit ur own taste

Citibank has..
Depends category of land

This post has been edited by airline: Jul 12 2012, 06:34 PM

New Complete house - not too cheap, not exactly like what we really want
Sub sales house - always need extra money to restore/some renovation
Land & construction - can always suit with personal taste + if have a friend as contractor, can always get a cheap bargain

What do you mean by category of land? is it by location or type of the land?

Anyway, thanks for the reply

This post has been edited by kambeng02: Jul 13 2012, 07:59 AM

Land plus construction loan go take Alliance Bank or UOB Bank. Hassle free document and easy application.
Approval on location not as selective as other banks.

If ur profile is very strong with good savings, then CIMB since they offer higher margin for land.

you can check with UOB. for bunglow lot, they give high margin up to 85% for 1st and 2nd property. 70% margin for the 3rd.
if you only purchase the land right now, you can just loan for the bunglow lot alone, not really need to apply loan together with construction right now, you'll have 3 years time to decide whether build or not.

If only apply land loan only, it would be a bit stricter.

If apply land + construction, it would be better but incurred more legal cost. Anyhow, the duration of bungalow construction will only needs to starts construct with bank given time, such as 2 or 3 years, if no, the rate has to convert from residential loan rate to commercial loan rate. Depends on banks

But too bad, UOB today onwards no longer so aggressive and gives good loan dy...

any agents here that can contact me for this kind of loan?

Yes ...
but heard UOB closed water tap so can try out Alliance....
if not mistaken ABB provide 90% for land + 70% for cons or 90% for cons + 70% for land....cant really recall
sorry if i provide not so accurate info...

my boss always opt for UOB as land bank, end finance and bridging loan. maybe u can try

why no ppl mention about OCBC geh?
land 80%+80% construction BLR-2.4% ^^

HLB Also similar

good info, will revert for my boss for reference

UOB was no longer the best approval bank to non profile customers .... they had terrible NPLs but not as much as CIMB ...

ABB offers 70% for land ( TL ) and 90% for bungalow construction (HL) ... btw both HL and TL is combine to get full flexi loan and one rate ... If not mistaken, for other banks like UOB and CIMB, the land loan is Term Loan without Flexi Loan and charged with commercial land rate, different with HL rate, which is under residential rates ...

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Added on July 17, 2012, 9:22 pmBcz OCBC too selective doing land plus construction loan ... normally this kind of loan is quite big size and OCBC has good approval matrix only for loan size below RM 1 mil ...




This post has been edited by Chris Chew: Jul 17 2012, 09:22 PM

thx for the info provided...r u a banker?

sounds like a lot kaki kam ching to bankers here. good sharing

chris kor.. must be selective one, else tak kan do land plus construction land 70k construction 100k meh... tak cukup makan la..

Normally with land 300k + construc 300k is acceptable to OCBC liao one.. trust me

Just wondering if this kind of loan still exist or not. Checked with Alliance, they stopped having this loan anymore.

U can check with hong Leong bank

Hey guys,

So if let's say I am interested in a land in a certain location, will any bank be okay with loaning money for this specific location?

how about land + construction loan for for commercial/business ? Any recommendation which bank or financial institution is better and more easy get approval ?

Hi, if is for Business related loan, you can look for me. I am handling the SME loan in CIMB bank