Hi bankers,

I want to do refinance.
I have a home loan with CIMB started in year 2013 with the interest of 4.65%. The interest rate is high because the house is under master title (with a bankrupt developer) at that time. Only CIMB and Public Bank give loan at that time. Landed double storey terrace, now already get individual title. With the individual title, now the house price rises a lot.
The purpose I want to refinance is to get a home loan for lower interest rate. Please advice. I welcome agents to pm me.
Thanks.

Who is the developer for this property?

Talam

Talam will be difficult for other banks to take over

I already have the individual title for my house. It shouldn't matter about the developer anymore, right?! Furthermore, I bought sub-sale in 2013. I just want to refinance my house now.

hi all i applied a mortgage loan (300k property) thru ambank recently and got an offer of 4.55% interest rate, 100% loan.
i have not tried other banks yet. is this rate acceptable?

my property agent told me i can only approach bank with EF (end financing) and so far there are only 3 banks left which is ambank, mbsb and uob.

according to him "the other banks quota full" which i dont really know what it means.

can someone enlighten me here? thanks a lot.

Hi,
For project under construction, secure loan for 30 years
Total payment to the bank at the end of tenure will be:

Monthly instalment X 30 years X 12 Months

or

Monthly instalment X 30 years X 12 Months + progress payment interest

Basically you would need an excel calculator for this, but try looking at the way interests is calculated:

daily chargeable interest: [current balance outstanding] x [interest rate/365]
monthly chargeable interest: [current balance outstanding] x [interest rate/365] x [number of days in the month]

As you can see, the [current loan balance] is a function of the interest calculation. When you make a payment into the loan account, and reduce that figure, your chargeable interests are also reduced. Hence when you pay your installments at the end of the month a smaller portion of this installment would be used to pay for the interests, hence a bigger portion used to pay for the capital repayment.

As you perform more capital repayment this month, next month's interests payment would reduce as well. This will cascade all the way until the end of the loan, of which the loan tenure would be reduced automatically.

Hi bankers,

I want to do refinance.
I have a home loan with CIMB started in year 2013 with the interest of 4.65%. The interest rate is high because the house is under master title (with a bankrupt developer) at that time. Only CIMB and Public Bank give loan at that time. Landed double storey terrace, now already get individual title. With the individual title, now the house price rises a lot.
The purpose I want to refinance is to get a home loan for lower interest rate. Please advice. I welcome agents to pm me.
Thanks.

Hi ,

I currently applying for a house loan financing.
the property value is RM 760k.
Bank muamalat is offering at interest rate 4.45% ,for 35 years . Is this considered okay ?
Any banks that can offer better rate ?

Project or subsales?

Project . Its expected to complete this upcoming Dec .

4.15%

hi all i applied a mortgage loan (300k property) thru ambank recently and got an offer of 4.55% interest rate, 100% loan.
i have not tried other banks yet. is this rate acceptable?

my property agent told me i can only approach bank with EF (end financing) and so far there are only 3 banks left which is ambank, mbsb and uob.

according to him "the other banks quota full" which i dont really know what it means.

can someone enlighten me here? thanks a lot.

Hi, i am looking for a loan size approx 310k loan amount.

Details of income as below:

Gross 5,210

Expenses/Commitment:
1. House loan                  RM 1280
2. PTPTN                          RM 325
3. Credit card outstanding RM1,500 average monthly

Can u suggest this will be enough to push through? if so what could be the interest rate on this?

Regards