say i owns a land (agricultural with 17 years remaining) and i intend to build a house.

est construction cost is 420k excluding engineering and archi costs. what is the % for interest?

can i get 90% of the construction cost as my loan? any case where we can get 100% of construction costs?

will i be able to renew my leasehold when the construction is ongoing?

I need to double check agricultural land financing and construction. Very few banks would finance Agriculture land as the collateral for the mortgage.

Just a note for other readers, for residential land no problem to finance the purchase of land (if already bought, you have to charge the land to the bank) and construction at 90% of the land+construction value, at normal residential loan rates.

say i owns a land (agricultural with 17 years remaining) and i intend to build a house.
will the land title be changed to residential?

est construction cost is 420k excluding engineering and archi costs. what is the % for interest?
the rates follow housing loan rates depends on loan amount
margin is up to 80%

can i get 90% of the construction cost as my loan? any case where we can get 100% of construction costs?
not possible for higher than 80%

will i be able to renew my leasehold when the construction is ongoing?
yes but to be safe better to submit for renewal first

okay. thanks for the comments. noted that agri land usually only permits 20% of the land size for dwelling house. the land is approximately 100 points and im budgeting just 8 points for house. so not converting to residential as conversion rate is a premium and not looking to sell the land.

I do not carry this bank, but I have previously been referred to "Agrobank" for help with agricultural land financing/issues.

Sorry not much help. Appreciate if you could share your experience going forward. Who knows one day I would own an agriculture land and face the same issues.

Must be converted to Residential land only can

Hi sifus, I would like to seek advice on which loan should I take.

Financing 90% - loan amount at 760k at tenure period 35 years.

1) PBB (semi flexi) meaning only 70% in current account money will be considered to offset loan interest.
1st year interest rate: 4.15%
2nd year onwards: 4.27%
MRTA: RM25,914.00

2)CIMB (full flexi) 100% will be considered in current account to offset loan interest.
Rate is 4.3% throughout the tenure.
MRTA: RM33,358.00

Factors would be that I am thinking to pay off loan quicker than 35 years but at the moment thinking which would benefits me more as PBB has lower interest overall and MRTA but only consider 70% whereas CIMB would be 100% but offers higher interest rate and MRTA.

Hoping someone can advice me in regards of my above stated situation. Thank you!

What's your loan amount?

Can get 4.15% interest rate now

760k, which bank is that offering 4.15%? Full flexi?

760k, should be okay for 4.1% first year and 4.16% subsequently, semi flexi

Which bank is that?

Regardless, based on the above 2 situations. Any advice from you?

OCBC, MBB, HLB

If you got the full 760k cash on hand then CIMB, otherwise PBB for the lower rate if you don't have so much money to park in there.

Hi May I ask apart from HLB and CIMB, which banks have DSR of 85% to 90%?

OCBC

Thanks for reply. Even for income around 5k?

No not possible for that range

Oh I see if income around 5k, which bank has high DSR? apart from HLB and CIMB

approximately 70-85% depending on your type of income

Alliance bank is 80% if ur salary is 5k and above. Seem like u looking for high DSR , isn't due too ur current commitment is high? If yes I can help u to do debt consolidation to lower down ur DSR.