QUOTE(light0range @ Sep 11 2013, 02:06 PM)
I have a question regarding loan, I have company package that allows me to make a loan with ambank for a fixed rate at 4pc, so in view of possible rate increase in the coming years, I want to use this package instead of using panel bank, tried asking transloyal by phone and she mentioned that this means I will have to follow up progress with bank & legal myself, but I am actually still unclear what does that means, any help to clarify is appreciated.
Wow, ambank sapu all GLCs ka, TM, PETRONAS, could be more,,,
My reply to yr question:
1) nothing extra things here, you just inform the transloyal that it's a ordinary corporate housing loan facility as normal, just that yr company outsource it to ambank, the process is similar as corporate housing loan, just that the source of fund coming from ambank. You highlight it's CORPORATE housing loan, good enough.
2) under the panel bank arrangement, transloyal do a good job by streamlining the documentation process involvng their panel lawyers. Thru such arrangement, transloyal provides extra service communicating with lawyers, banks to ensure smooth n timely process, proven good msnagement. In your case using corporate loan, off course transloyal wont be able to have to monitor and control regarding the process and documentation, that s what the transloyal staff mean i believe. But no worry, the process is no hassle, remember that ambank needs to satisfy their big customer ,,,PETRONAS, yr employer, aff course they will make sure providing best service posible. Good for you to follow up with relevant parties invloved, i.e. lawyer, bank officer in charge.