Yeap there are semi and full flexi available for PBB and MBB.

You can make prepayment up to 100% but it's not recommended as the system may auto trigger that you intend to fully settle your home loan.
Such facility is available in PBB and MBB, not just limited to HSBC and Citibank 

There are 2 flexi account available.

Semi Flexi
- Normally comes with withdrawal fee
- No need to maintain current account
- Will need to wait longer for your money to return back to your savings account
- No monthly fees
- Usually recommended for people who are not business owner 

Full Flexi
- Normally doesn't come with withdrawal fees
- Need to maintain current caccount
- Don't need to wait for your money to go back to your current account to make withdrawal
- Monthly fee to maintain your current account
- Usually recommended for people who runs a business as money comes in from businesses, it will save interest on the daily rest. And the business owner can use that money again a few days or weeks later for his business.

1. Noticed you mentioned you have the documents ready, but for reference, these are the documents that you would need:

PERSONAL DOCUMENTS
- NRIC front-back (do not cross)

PROPERTY DOCUMENTS
- Booking form provided by agent
- Relevant pages of current-owner's SPA
- Individual/strata title (if available)

EMPLOYMENT/CONTRACTUAL DOCUMENTS
- 3/6 months payslip (6 months for commission earners)
- 3/6 months  bank statement
- Latest EPF statement
- 2 years EA form (for bonus calculation)
- Job letter offer (for new employees)

2. Benefits for a first time home buyer:

a. Exemption of up to RM5,000 stamp duty on the SPA if the house is cheaper than RM500,000
b. Exemption of up to RM1,500 stamp duty on the Loan Agreement if the house is cheaper than RM500,000
c. It is possible to get 100% loan margin if you want to

Hi, got a question. My loan account is semi flexi and 4.5%. The developer already ask a portion of my loan from bank which is 60k and now I'm am serving interest every month. I would like to ask, if I now dump 50k into my loan account then my interest will then count based on 10k? Can I still take out the 50k if I need it? If so my interest will count based on 60k back right? In a way I'm earning 4.5% interest from my 50k?

Thanks

Thanks for the advice. Ya sounds like better to apply for a new loan since it's more clear cut later when selling the old house.

May I know what will be the loan procedure of buying a 2nd hand house? Do I look for the SPA lawyer first before asking for the loan? And using the same SPA lawyer for the loan agreement? Or it's the other way round?

Thanks

secure the loan first, SPA can be done thereafter. If no loan approve, how you want to proceed with the purchase ?

Hi, I’m a 1st timer in buying a property. Now in process of getting loan.

I apply with Maybank and was offer 4.5%, but banker call me last minute saying that the rate offer 4.5% is with MRTT taken, they’ll offer 4.75% if with MLTT.

I just want to make sure is this a common practice by banks? What is actually the current rate for Maybank (or any other banks)?

Thanks.

1. Loan amount RM 450k+mrta rm 19k
2. loan tenure 35yr
3. Rate 4.5%
4. Bonding 3 yrs
5. Mrta 32yrs, 90%

hi all the experts,

I receive this quotation from uob banker recently,
is it ok?
anything to take note?

first time home buyer here

thanks

Anyone knew banker from Public Bank that giving a good service and fast response?

The FD can be used as proof of savings, which is important when the bank's credit side is making the decision. Approval may be easy to get, but the margin and rates are the concerns.

Hi Sifus, need some advice on housing loan for 90% of 522,000 for 35 yrs

Got options from few banks:

1. RHB - 4.45% My1 home full flexi
2. CIMB - 4.6 semi flexi
3. public bank 4.35% first yr and subsequent 4.45% semi flexi
4. Maybank haven't got yet but heard should be around 4.45 onwards

Which would be a good choice based on your experience?

Thanks!

1. For "full-flexi" account, usually there are no fees. For semi-flexi there should be about RM10 fees. This should be in the LO

2. There are a few types of flexi accounts. One is the hybrid term + OD, for this, if you pay into the principal (the OD), your installment should be reduced until the OD is fully paid off (but the OD account remains)

2b. For normal full/semi-flexi, no, the installments would remain the same; for full-flexi CIMB for example, the principal repayment is paid into your CA/SA that is linked to the mortgage, any money deposited made into the account is considered as principal payment and would reduce the loan balance, hence reducing the payable interests. But the installment remains the same

Example, if your market value is 500k

Your existing is 300k, when you refinance, you can get up to 90%, which means in this case 500k x 90% = 450k

So if you only need to draw out 100k, you can, since the max is 150k additional on top of the current 300k loan.

If there any finance institute give > 100% housing loan ?

for 0.21% difference, not worth to refinance because u will incur the loan agreement fees as well when u refinance, unless it's more than 0.50% then consider worth

The lowest you are looking at is 4.41%, but it depends on the loan amount. But at only 0.3% difference it may not be worth it unless you are looking to cash-out and reinvest the cash elsewhere

at 4.71%, it is not really recommended to refinance. It keeps increasing due to the country's economu
4.41% is the best rate a bank other than OCBC can provide. But brokers/insurance-agent do not "sell" their services based on interest rates alone, but through service. At 0.21%... you need about 10 years to recoup the moving costs alone.

So I wold not recommend refinancing just to reduce your rate.

One of the better ones, loan size is rather large at 700k+ and there were some trickery involved which I won't share here (trade secret). But this doesn't apply to everyone.