Guys, how would you choose for a loan of 550K?

RHB Full Flexi
4.5%
Daily interest calculation (approximately how much can I save each day if I park my monthly salary in the account? Whenever I need to use money then only withdraw from it in order to save daily interest)
No maintenance fee, setup fee, withdrawal fee

HLB Semi Flexi
4.28% for the first 2 years, after that BR 4.13+0.37 = 4.5% (approximately how much can I save in the first 2 years?)
Daily interest calculation
Withdrawal fee of RM 25 each time
No maintenance fee, setup fee

Eventhough I can park extra money temporarily every month?

Let say i'm interested to purchase a land with selling/market price of 200k

1) What if im purchasing a residential land (only land) bank will approve how much %?
2) If (1) is successful, is there optional apply for renovation loan? if yes.. what is the %?

2. I'm dont know what it classify either is reno or construction in bank.. if for construction loan.. how is the loan determine? 100% ? or only 85% of total quotation.

Hi all, i'm quite new to this forum but would like to seek advise from all the experts here. I had house loan with OCBC for almost 8 years plus now. To date the interest rate is 4.71%. Is it worth it to look for refinance? or should I consider? It looks high to me. Your advise is very much appreciated. Thanks.

To date not planning for any investment or not clearing any debt but mainly on reducing the amount that the bank is charging me every month. the rate look like I'm being ripped off  I'm seeing it keep increasing through out the year. What's the best and suitable lowest rate for refinance?

Sorry didn't get you earlier. If I understood you correctly, what's the best rate that other bank besides OCBC can provide? So can i say that for refinance it's best to have a difference of around 0.21% between current interest rate and the rate suitable for refinance?

Thanks. Actually right now only left <60k but still I don't like seeing the interest keep increasing and the feeling of getting rip off is unbearable  so is it worth consider refinance? Felt like this is a stupid question with that amount 

Thanks. I'm told that we can call them to lower down the interest rate but will have to lock down for a period of time. Do you think is it worth doing so?

My only concern is if the rate reduces then I'm lock down at a rate not lower than that. In 2018, the interest rate is 4.46%. A year from now it's 4.71%. That's really crazy. I still keep record but stop doing so since mid of last year. Do you think it will go lower say in 2 years time if that's the period that OCBC offer for reduce interest rate?

Guys,

My relative's had started to pay their house loan in advance since july last year. Their loan is from HLB. According to their agent (which is not currently with HLB already), it is a full flexi loan, which therefore "profit" (which is "loan interest" but in islamic term) is calculated daily, and any advance payment should result in lower overall loan repayment. That should also means that by right we should see decrease in "profit" charged, but based on the loan statement, doesn't seem like it.

I'm not beside them now therefore I can't study the loan agreement. Can anyone enlighten me based on the attached statement? Thanks in advanced.

Dear sifus... so what is the right spread/difference in interest rate to consider worth to refinance? And also based on what refinance amount?

Thank you both of you sirs.

I saw in their statement, december "profit" is higher than november, I'm guessing that is because December has more days than November?

Hi, doing my first home purchase, self business. currently applied mortgage from HLB and CIMB. waiting respond from the housing loan agent of property negotiator.
Agent tells me, he only apply for 2 banks because, applying from too many banks at the same time will make my record not nice.
Property is a subsale landed KL.

Booking form was signed on 16 April. dont know if its too late to apply other banks. Any mortgage agent?

I see i see. Well, now i guess just have to pray. my dsr is low, less than 10%. but my business is just one year + old. So don't know how it will go. Cause rumor says that, mortgage now very strict, business has to be at least 3 years old...

Hi, I'm an expat working with an international NGO in Malaysia (not on permanent resident visa). Monthly income about 25k+

I'm exploring the possibility of buying a unit for own use. I wanted to get a general idea of the availability of mortgage finance to expats from local banks and what is the margin/ tenure of financing that could be obtained, although I understand, that it would depend on the specifics of the case.

Hello bankers, question, I want to purchase 1st property. My DSR is about 30% and loan eligibility is fine. But something that worries me is my CC near max around 91% credit utilization. I am not in the position to reduce it (except like little by little every month) so will this affect my approval chances? my ccris or ctos all 0000 no trade reference also. If yes, would applying for another credit card and transfer half of the balance help?

I dont really want to have PL so does transfer the balance new cc helps?

Noted with Thanks. Let me try to reduce below 80% first before deciding for a balance transfer. I reckon that would be more helpful than applying new cc and that cc suddenly have 7k usage from balance transfer, correct?

Thanks bro. i know the base rate for Alliance is 4.07%. What is the spread ya?

Thanks.. will try reduce 80% or below in 1-2 months. however @lifebalance, is 75%-80% utilization okay?

Is there any mortgage broker here willing to help check my profile with maybank?

im a sole prop biz owner buying 900K property

nature of business ?
IT services - Contract for services

active company statement ?
bank statement can?

income tax 2017 2018 ?
paid

any blacklist , late repayments ?
No blacklist/late repayments

Currently applied a housing loan for undercon project with HSBC, and the banker replied me that my case was provisonal approved and waiting for EF to generate LO. What does it mean? The approval is confirmed or may alter later? Normally how long to get the EF?

I have a question, say my mom has another 100k remaining balance to be settled for the housing loan, can I buy the house at 100k from her?

Will the bank give me a loan based on that amount, or based on the evaluated value of the house?

Say I have a sub sale landed unit to buy in coming December. However, I've already paid deposit to the owner to book the house. The owner wants me to start applying loan now, to ensure that I can obtain the loan, so that in december the owner can transfer the house to me without hiccup.

Can I start applying loan now despite I have't sign any S&P or relevant document?

Hi bro, thank you for your insight.. so I decided to reduced my CC balance by paying instead of loan or transfer balance. Its now at 70% utilization and I am waiting for CCRIS to update 15/6/19 before submitting doc.

However there were 2 more concern.

I have bad CTOS records somewhere nov17-mar18 as I am paying wife operation using cc (thus causing other payment i dont prioritize to default for 4 months, I paid all outstanding after tax refund). I have paid diligently since mar18 and in CCRIS its all 000000 but I heard CTOS keep records for 24 months? will this still show?

Also, I applied CC (as previous plan to transfer balance) and I've cancel the application before approval, so will it show in my CCRIS that i apply and cancel?

Isnt CTOS records is the same 000000 as CCRIS?