yes and the bank agents keep rushing to sign their LO, si beh tu lan

i think, SPA won't be ready in June. i would say, maybe Aug/Sept 2013 only u will sign. MS need time to convert the land from agri to residential. By the way, i don't think loan can be approve in 1 weeks time. usually it takes at least 2 weeks to get approval.

bank push because once u signed, it's firmed. if u cancel, u have to pay an x amount of penalty for that. but if the loan offer is what u want, then sign it. no need to further shop.

yes that was what I expect till the law firm called to inform SPA in June, only I started apply loan. I was planning to sign the loan around the time of SPA.

now SPA MIA, bank pushing.

no worry... just tell the Law Firm that you face problem with Loan Application. I did that last time and managed to delay the signing for another 1 month.

if u have not apply for loan, i would advice do taht now. submit to several bank to see whichever come back to u. bank nowadays take sometime to get it approve.

I think you misunderstand. my loan is ready but SPA is not

Jason Chee,

Can sign the LO & S&P together?
If the loan approved, Can we just ask the bank to hold the offer 1st?

What is the best rate you get now?
BLR -2.45 from RHB?

This post has been edited by Ation2009: Jun 19 2013, 09:19 AM

lol.. anyone got the news for the GL projects? I wanna analysis and of course check with bank.. lol..

Hey, if serving interest now, i pump in more money, can it reduce interest a? lazy call bank and ask.. ==

ooo... then yes, u can make arrangement to sign SPA & Loan Agreement on same day.

I think the rate is as per listed earlier.

Yes RHB -2.45 is the best at the moment AFAIK.

LO is Letter Offer from Bank. Usually u sign it before u sign Loan Agreement. you can tell ur lawyer that you want to sign SPA & Loan Agreement on same day. LO and Loan Agreement is 2 separate documents but relate to each other.

but take note, once u sign LO, you cannot say NO to that bank. U need to pay penalty if u cancel the loan after u sign the LO.

hmm... i got RHB as well. i think mine is BLR-2.40 with 3 years lock in upon first drawdown. It's semi flexi where i can pay principal upfront. The Loan Officer help me to waive the re-drawal fees. on top of that, the Loan Officer move my main account to Rawang Branch. So i don't have to go to their Branch in Puchong. Rawang become my holding Branch.

If waive withdrawal fees, means it become Flexi with Rm0 drawal fees?

Anyone know which bank offer Flexi with lowest drawal fees?

flexi no withdrawal fees
only maintenance fee RM10/mth
If I`m not mistaken, HSBC no maintenace fee but with 1 time setup fee RM200.

Interesting, what is TMS project below?

yes. i would assume that is. so, now i can freely put in any amount and then re-draw it back.

but hsbc max tenure is 30 years only.

" i think mine is BLR-2.40 with 3 years lock in upon first drawdown:.

Is that mean the lock in period starts after the first release from the bank"? When the lock in period start to count?

Which bank is Rm10/month maintenance fees? Is it CIMB?

yes. lock in start when the bank release the money. even RM 1 also consider as First Release. so, the faster u sign evertyhign and let developer claim the money, the sooner ur lock in start.

The RHB banker were pushing for the signing of the LO. Since I was satisfied with rate offered, BLR-2.45, I proceed for the signing. He did mentioned regarding the flexi thingi. He said per transaction will be charged RM50. Thats a lot actually. Is it still possible to get the re-drawal fee waived. Of course the banker going to say no. But anyone has any idea if its possible??

You did you move the main account huh?? Does it affect the loan?!

yup CIMB