hi, i am first time planning to buy a property.
currently on dilemma about which bank to get a loan from.

regarding BR rate, lets say it is 4.5 (BR+0.5%), what actually do i need to look for if want to compare the banks? the overall 4.5 or the 0.5?

also, some agents approach me telling me that i am able to get interest rate of 4.45% but when i online and check the rates of the bank, it is not the same. Should i beware of this?

but the 0.5% also varies for every bank.... if so, the +0.5% higher better or lower better? mostly at the end most banks gives the same total interest rate.


This post has been edited by blackstar88: Jun 4 2015, 02:02 PM

you can go to online housing loan calculator to calculate how much you need to pay each month.

and then get 3000 + bonus/12 - epf,socso - housing installment - any commitment(cars, bikes, cards etc) = remaining amount.

The remaining amount has to be around 30% to get approved.

Other factors also include your job, your age etc...

unlikely to get a pass becoz your house installment need at least 2k per month, plus a car lets say rm500, then no hope...