Is floating interest/profit rate still the prefered choice nowadays?

Torn between Maybank and UOB now...

UOB --> BR + 0.5% = 4.5% (BR at 4%)
MBB --> BR + 1.22% = 4.47% (BR at 3.25%)

Any sifus here can advise?

UOB increased their BR from 3.75% to 4% since Jan'18.

MBB also increased BR since Jan'18, but from 3% to 3.25%

Thank you. On what basis? Because base rate is lower?

Ok. I was also quoted by PBB as follows;

PBB --> 1st year: BR + 0.58% = 4.35%
2nd year onwards: BR + 0.7% = 4.47% (BR at 3.77%)

UOB --> BR + 0.5% = 4.5% (BR at 4%)

MBB --> BR + 1.22% = 4.47% (BR at 3.25%)

But i heard PBB has more hidden charges and their rate change more frequently/abruptly? Any comments on that?

Ok thanks. Will check again.

Yes, i heard of that before. Thanks.

My loan amount is RM625k. Was quoted about RM9.6k for the loan agreement along with stamp duty etc.

Is it a fair quote?