Most of the banks offer semi flexi loan. Feel free to shop around.

Please find DSR range as below.

70% : RM 828,303.06
75% : RM 887,467.56
80% : RM 946,632.07
85% : RM 1,005,796.57

Different bank will have different calculation. I will need to check your income document, CCRIS and CTOS before finalize everything.

Usually, I'll advise customer to maximize their loan tenure up to 35 years for repayment. Reason is this will reduce your monthly commitment. If you are keen to early settle your housing loan, you may place more money to save interests!

Currently best rate in town is 4.22% from PBB, subject to bank's approval.

Full flexi is on withdrawal part.

As housing loan interest is on daily basis, people whom place more money can save interests. For instance, Mr A is a businessman and he has outstanding loan for 500k.

Today he put 100k into housing loan immediately interests will calculate at 400k on daily basis.

Does your credit card has any cash installment like Dial For Cash/Cash Lite/Cash on Call or Balance transfer plan

I don't handle any Bank Islam loan, perhaps you walk in to nearest branch for more info.

HLB still running promotional rate for first 24 months 4.15%, subsequent years 4.30%. However, subject to loan approval. Grab it while the promotion lasts.

That's your opportunity cost. Either reduce loan tenure and have higher installment amount or use longer tenure to invest money where bringing much profitable investment to reduce your loan interest repayment.

PBB will revise interests from initial Effective Rate to 6.XX% should one missed one month monthly installment.

Usually banks will only revise the interest rate if late payment shows up for more than 3 months. PBB is only bank will revise after 1 month.

You may set up standing instruction to deduct loan account from your savings/current account to avoid any late payment. Or place more deposit to your loan account to save more interests.

Lock in period 3 years means you can't fully off set the housing loan in 3 years or else you'll be penalize.

You'll save more interests and loan tenure eventually if you pay more per month however they have 70% capping on interests saving.

Some banks applied on first disbursement, some on full disbursement.

First disbursement is when bank make first payment to developer/vendor. You will have advantage if lock in period starts from first disbursement as you will gain profit earlier should you sell the property in near future.

both PBB and CIMB will have interests savings capped at 70%. CIMB will impose a monthly charges of RM 40 + 6% GST if you pay extra more than 70% of your total outstanding, only applicable to full flexi loan.

Can't really recall which bank starts lock in period from first disbursement, if not mistaken is HLB. I'll need check further and revert this.

There's a pros and cons for each bank. You can't find a perfect bank in this market.

For under construction, usually you will pay progressive interest until project fully completed. Some bank like HLB and RHB having restriction to redraw the extra payment during construction period.

Do ask public bank officer to provide you a thorough insight on extra payment, especially on redraw facility

Under conventional loan, there are two types of facility, Semi Flexi & Full Flexi loan

Full Flexi:
1) Loan Account will be linked to Current Account/Saving Account with cheque book (optional).
2) Interest is based on current outstanding minus any amount payable to the loan. (E.g : Current O/S - credited amount x Interest payable/100% / 365 days) Some bank practice 360 days instead.
3) Account opening fees at RM 200 + 6% GST.
4) Account maintenance fees at RM 10 +6% GST.
5) Withdrawal/Deposit of money can be done through over the counter, cheque, ATM or online banking.

Semi Flexi :
1) Bank will request customer to setup a Saving Account link to Loan Account through Standing Instruction (SI).
2) Prepayment or capital payment can be done.
3) Prepayment, placing future repayment to Loan Account and it has to be multiple of your monthly repayment. This will not revoke interests saving on Loan Account.
4) Capital repayment, placing extra payment to Loan Account to reduce principal. Some bank will require you walk in branch to fill up service form.
5) Withdrawal/Deposit of money can be done through over the counter or cheque.

Take note that Semi flexi will need to inform bank to avoid dispute with bank on capital repayment as bank system unable to identify the extra payment as "advance payment" - park money to deduct future installment or "capital repayment" - to reduce loan interests. And also on redraw facility, bank will take some time to withdraw money as the money is place under loan account.

You may Google search the BR (Base rate) across the bank's financial report. They will indicate Base Rate and Margin to be Effective Rate. This shows transparency to public and let public to do wise decision.

No problem, feel free to ask

Hmm, need to check what's monthly installment of banking facilities and your income ratio.

Perhaps you could share us your personal info, will run a simulation for you.

1) Borrower info

Age
Occupation
No of borrower
Single/joint borrower
No of housing loan on hand 1

2) Income
A) Salary earner
Gross salary
Allowances
i) Fixed (average in 3 months)
ii) Variable (average in 6 months)
OT
Bonuses
i) Contractual (total amount in 1 year)
ii) Performance (total amount in 2 years)
Commission (average in 6 months)

B) Self employed
- Sole proprietor / partnerships / Sdn Bhd
6 months company bank statement(credited amount)
i)
ii)
iii)
iv)
v)
vi)
Income tax declaration
Net Profit/Loss shown in past 3 years audited report (optional)

3) monthly commitment
Housing loan
Hire purchase
Personal loan
ASB loan
PTPTN loan
Credit card
Share margin
Other term loan
OD

4) supporting document
Rental
Savings
Fd
Asb dividend
Shares
others

Please find DSR range below.

70% : RM 229,368.10
75% : RM 284,993.30
80% : RM 340,618.50
85% : RM 396,243.70

The best chance to approve your loan will be HLB. However, I will need to check your income document, CCRIS and CTOS before finalize everything.

1. It depends on solicitor's efficiency and property tenure. Usually freehold will be much faster, probably 3-4 months. If property is free from encumbrance, probably 2-3 months as bank will take 1 month for redemption from old bank to new bank. Leasehold will take 3-6 months or even more due to consent signing from high court in state. Usually, they will compile all document from other applicants and queue for signing. But fear not, OCBC can waive property monthly installment should you are in midst of selling your property. As long as you are able to provide redemption letter, stamped SNP.

2. Well if you're using your own cash to leverage loan margin, why not? But remember the opportunity cost, once you have utilize your own cash, you will need time to accumulate your wealth. Instead of leveraging your current cash, why not fully utilize bank facilities where the interests are between 4.5% - 5% whilst your investment tools may uplift your portfolio up to 7-8% return of investment (you need to look into your portfolio and determine your risk tolerance).

Do remember that housing loan interests are on daily rest. If you dump in more money, it will reduce interests and eventually your loan tenure as well. Utilize this mechanism wisely.

My suggestion, if your risk tolerance and income is high, apply for 90% margin and longest loan tenure. This may save up your cash flow and give you more holding power and flexibility of redraw.

Hi,

Any retail usage or credit card installment such as Dial For Cash/Cash Lite/Cash on Call, Balance Transfer, EPP and etc?

If no, please find DSR range as below.

60% : RM 425,593.52
70% : RM 496,525.78
75% : RM 531,991.90

I will need to look into your income document, CCRIS and CTOS before finalize everything.

Please find DSR range as below.

60% : RM 422,603.10
70% : RM 507,124.32
75% : RM 549,384.88

Different bank will have different DSR calculation. I need to check your income document, CCRIS and CTOS before finalize everything.

As for your friend scenario, if he intend to get refund of booking fee, he may ask bank to furnish him rejection letter.

What's the purpose of refinance? To cash out, remove chargor/borrower or to save interests?

- Type of property
- Any individual/strata title been transferred under your name (if Master title more than 10 years, most of banks do not process application)
- How many borrowers and chargors?
- Outstanding amount with OCBC?

Will need more info to conduct financial assessment before advise further

- Market Value (estimation)
- Outstanding with Maybank?
- Name in SNP, name in Loan

1) Borrower info

Age
Occupation
No of borrower
Single/joint borrower
No of housing loan on hand

2) Income

A) Salary earner
Gross salary
Allowances
i) Fixed (average in 3 months)
ii) Variable (average in 6 months)
OT
Bonuses
i) Contractual (total amount in 1 year)
ii) Performance (total amount in 2 years)
Commission (average in 6 months)

B) Self employed
- Sole proprietor / partnerships / Sdn Bhd

6 months company bank statement(credited amount)
i)
ii)
iii)
iv)
v)
vi)

Income tax declaration
Net Profit/Loss shown in past 3 years audited report (optional)

3) monthly installment

Housing loan
Hire purchase
Personal loan
ASB loan
PTPTN loan
Credit card
Share margin
Other term loan
OD

4) supporting document

Rental
Savings
Fd
Asb dividend
Shares
others

5) property details

Under construction or subsales
Property type
How many storey (for landed)
Property address
Purchase price
Master title / individual title / strata title
Freehold / leasehold
Build up / land area
Renovation area + total cost

Since housing loan is on daily rest, hence the most effective rate is to calculate as below.

Current outstanding - extra payment x Effective Rate/100% x (number of day place extra payment)/365 days

Hence, you'll be able to see what's the interest savings from your original loan amortization.

Now standard rate is around 4.5% after OPR increased 0.25%

If you are looking for 1st and 2nd property, most of bank able to provide you max margin at 70% and rate is approximately 4.5%. Installment base on 1.2 mil for 20 years is approximately RM 7,591.79 given the rate is 4.5%

RHB - 4.5%
CIMB - 4.6%
Maybank - 4.5%
PBB - 4.47%
HLB - 4.51%
Ambank - 4.7%

Usually these rates are with MRTA. Hardly can get better rate without MRTA cause bank try to maximize profit by cross selling MRTA.