Since you don't plan to make any withdrawal, then Semi Flexi is for you.

- Best scenario is 4.25% right now depending on ur profile.

Whichever it is, it will be still the same for now as the things that will fluctuate is the BR.

Probably my the thing you should be comparing is like the bank fees, online facility, branch availability, lock in period

Hopefully this helps

Go for Bank A which charge 0.07% cheaper interest

may I know which bank offer you 4.22% and what is your loan amount? I may hunt new loan soon... 4.22% is attractive...

It's the same literally, the purpose of the transparency on the interest rate is to show you how much the bank are charging you on the spread rate.

Im having a question. After singning the loan agreement, genereally how long would it take to have the first disbursement ?

Can the borrower request for a later disbursement? Say 6 month from the loan agreement sign? What would be the process? Thanks in advance

Yes, standard because the Letter Offer is a template used by the bank, sometimes you will come across things like Overdraft facilities which is not related to your loan when you applied for it.

There is a product disclosure sheet to show in summary what loan facility you applied for, refer to that.

Is this standard as well for MBB mortgage loan, no matter your package's lock in period is from first disbursement or final disbursement, they also write same statement? Feel weird due to other bank lock in period stated very clearly, such as lock in period 3 years from first disbursement  but MBB stated
"The loan is cancel by you within the period between first disbursement by the Bank of the loan amount until four years after the date of full disbursement or first disbursement of the loan amount, the bank reserves the right to recover an amount of up to 2% of the loan amount."

Anyone of you sign MBB mortgage loan with lock in period start from first disbursement, can share with me the statement mentioned in Your contract, how he write down if lock in period from first disbursement. Thanks

Dear

Yes there's few web platform that has their API link with latest rate for each bank ( loanstreet, imoney. etc)

1. However, the interest rate shown in the web is just example range. The rate you received will varied to few factors:

- Your Profile
- Loan amount
- CCRIS scoring
- Your profession
- Your income

All comes into one for bank to decide your scoring and the rate, hence it's correlate.

2. Take those rate as a reference okay

Cheers

Dear Jo_da48,

1. Yes, 4.25% is good, 4.2% is even better.

2. However, you need to put overall perspective of banks facilities into consideration

3. Lowest rate still subjected to fluctuation, from the market and the bank's policy.

Cheeeerrrros!

Don't get what you're trying to describe here. Probably you can elaborate further

The letter offer is a template that the officer normally will just print which sometimes you'll come across things like OD terms although you applied for term loan.

usually consstruction period, mostly the money to park into capital account wouldn't be allowed to be withdrawed, but during cinstruction period

Cheers

Hi,

Wanted to ask, regarding the monthly bank interest payment, as my due date is on every 1st of the month, can i pay it after 2 or 3 days?

For example, the letter usually come in around 25th of every month and due date is every 1st of the next month and i have business trip or oversea trip which around 24th- 2th next month, is it possble for me to pay it after tat? or will there be any charges for it?

Thank you.