Yes, gonna try both.
Need to fork out legal feels if use pbb eventually.

Hi all, anyone using public bank semi flexi?
Banker told me that I can't pay more to offset principal amount during construction period? I can only so so (utilize the semi flexi function) when the full loan disbursed aka VP?

Is it truth or myth? Why it's practicing different than semi flexi of other banks?? (Mbb can pay more to offset principal money after the first disbursment)

Thanks, any other necessary t&c I should be aware?

Hi. Any sifu here can give more explanation on CLTA or is there any existing post before this that explain or compare between CLTA, MRTA and MLTA?
Can CLTA only cover lets say 20 years instead of 35 years full load period, and if i settle the load earlier, i.e. in 25 years, what will happen to CLTA? Can this CLTA transferred to the next property i buy? Or at the settlement of loan, will I get any return or CLTA will just burn?

but for my loan of 500k, bank A offering me 22k premium MRTA, while CLTA from bank B is 16k. Both are coverage for total of 35 years.

For the CLTA, if borrower finished pay the loan early that the normal schedule.
What will happen with the CLTA? Refund?

Hi, any idea how to interpret clause (b)?

"(a) Servicing the monthly instalment amount upon full loan disbursement.
(b) Service interest portion only up to 5 years, and thereafter servicing the monthly instalment"

Thanks all. Not sure whether it is referring to the progressive interest loan. Sorry that I didn't give the full picture of the clauses in the Product Disclosure Sheet. It actually has 3 points:
(a) Servicing the monthly progressive interest pending full loan disbursement.
(b) Servicing the monthly instalment amount upon full loan disbursement.
© Servicing interest portion only up to 5 years, and there after servicing the monthly instalment.

This project is not really under construction (almost complete, about 80%). I was also told by the property sales office that we do not need to pay the progressive interest, the monthly repayment will only take place after the handover of house.

Just that the © is something new to me which I have not heard of. I found it in the MxxBank published PDS as well (attached the snapshot)

Happy sharing.

Anyone have a flexi loan spreadsheet? That can show us how much interest we'll be paying if we have certain amount park inside our current account tied to the loan and etc. .

that one have the option to key in amount in current acc?
example like,i have loan of 250k full flexi, with monthly commitment of rm1300 for 30years
-so if i have no money inside the current acc, i will be paying like rm1.2k to interest and 100 to principal and loan will end in 30years
-but if i have 100k in the current acc, i will be paying like rm800 to interest and 500 to principal and loan will end in 20 years.

That type of calculator or spreadsheet have?  

ahh i see, which paid app are u referring to? i dont mind paying a little if it could save me a thousand in the future

Would like to check loan eligibility. Any bankers based on cyberjaya or melaka here?

Hi,

I would like to refinance my house as per below:

Loan Balance : RM220,000
Market Value : RM430k-RM450k
Loan required : RM380k(RM220k + RM160k cash out for personal & car loan settlement)

How much the instalment for period eg. 30/35years? Any good bank suggested?

Thank you Keith, is't AIA the only bank that provide 35Y of tenure for cash out portion?

how the bank calculate? how much the installment looks like for 10Y cash out? I'm not clear on this. Some banker i ask, told me it only for eligible calculation for approval.. But actual installment remain the same. Getting confuse..

if i passed? how the installment looks like?

ok, thanks Keith. Will contact you later.

I got a question, regarding my full flexi loan. I have a loan of 260k with monthly installment of 1345. When my current acc is empty, Every month they deduct my principal by 345 only and 1000 goes to interest. Then now after i park a lump sum of rm100k to my current acc. My installment paid still shows 345 to principal and 1000 to interest. I thought for flexi loan, it will ofset the interest based on the amount in my current acc which should be 260-100= 160k? Am i missing something here. . . 🤔

Try this https://play.google.com/store/apps/details?....loancalculator

Can u show me the calculation for a flexi loan, with and without park money. How do bank calculate how much goes for interest and how much for principal? Need to have some general idea how it works