>RM5k on top of your monthly repayment is considered capital.
If more than RM5k then can be in multiples of RM1k. Means, if you pay 6k in addition to your monthly committment, then its capital - and allowed.
But if <RM5k, considered advance and no withdrawal allowed.
Flexi is better option, as RM2-3k a month can be excess and can reduce interest up to RM200 if loan is huge, big money and you only lose RM10 by doing this.
>5k on monthly is abit far fetched la..not necessarily every month can have RM5k excess unless kena lottery every month lo.

Poda la lu, gua tak da caya sama lu.

Wah, manyak pandai kelentong macam kak mah..your idol issit?

I thought no more d, they still continue this loan huh?
Maybe case by case la. Last time, the one of THE lawyer declare so low income but he's loan berjuta juta approve without any supporting docs.
If normal applicant, confirm reject at sight. So, should be for the PRIVILEGED ones.

This is basically a flexi loan - but those days, there is no charge for flexi loan as it was being introduced to market; only some people take up this product as only a few percentage realised the benefit of flexi loans. But, as consumers became wiser and tech savvy (smartphones); information is accessible, everyone started taking flexi loan till the usual traditional loan concept died..

This is of course not favourable to the bank as they lose interest income - projected vs actual is inaccurate. So, they reintroduce the traditional one as semi flexi to discourage consumers from either making advance payment or capital repayment by making it more complicated to withdraw as opposed to flexi loans.

And, started charging for flexi loans - this may deter applicants in opting for flexi loans. The way it works is, when you pay advance / excess, your contribution to the principal is higher; but since there is no change in tenure, what happens is, they either give you payment holiday when your excess rebates the principal to the extent that it can cover certain months of installment. Or, they will accumulate and perhaps say at the end of the tenure of the loan, they realise you had overpaid and they discount one year from the loan tenure sshould you have sufficient savings in interest to coover 1 year of installments.

I already said its one THE lawyer. The key word is "THE" not lawyer.
I

Exactly, if you know that you only going to pay excess once a year - like me, when i either dump my annual bonus or EPF 2 money in future, I will opt for Semi Flexi and just take up a CA with that bank for convenience purposes. It all depends on your cash flow as Bro Vislai says.

It is not the same; when you loan 90%, your credit record will show Total Loan / Total Committment (for Overdraft / Cdt Card) which means, you will save interest for the additional 10% but you would not enjoy better DSR in your next loan application since your total loan is earmarked to the total that you have taken = 90% MOF for now.

However, on the other hand, it is good, as it raises your limit bar further, since now you have been granted / eligible for a 90% loan amount. In a nutshell, compare it to a credit card. When we start off, usually, the limit is low, and then the limit is raised occasionally as your salary / net worth grow.

So, assume if 1 bank gives you a RM30k credit card in future, you can automatically raise all your other credit cards with other banks close to RM30k even if they actual limit now is only RM8k.

This creates for you an additional cashflow, though just on paper, it may come in handy during needy times.

+1

I just rechecked my loan application form, its 30 years. HLB only offer 30 years - not much impact compared to 35 years, the difference is about RM300 - huge money in long run as I could save approx. RM200k in interest. So, still proceed with loan. And will cherry pick later.

You are welcome mate!
Good morning!

Version 4 or Version 5 of this thread by end of Nov / SPA signing period as this thread is still going strong post launch of SEH.

And also, less costly, RM10 a month = RM120 a year.
That's quite alot in my opinion.

Hahahaha, I am unsure how many of the forumers / purchasers would still be here after we sign SPA - will throttle down slightly as no more eagerness and clarifications.
But, possible with Phase 2, post SPA, maybe a small gathering in SEH - and, of course the costly renovation bit.

Uh uh, same like my fiancee, only child.
Got advantage oh, everything you inherit; in my case, whatever is hers, is mine!!

We are already expanding sideways; near Giant Saujana Impian, TLS is making their mark with Mutiara Heights (3 Story Link House) almost 3000sf BU and Mutiara Condo (3 blocks with 22 units on each floor - crazy layout) - this is about 1km from the Kajang Semenyih link near Kajang Perdana - and then you have TTDI Grove housing.

Got Semenyih South (Lenggeng/Beranang), and we also have KL South (Mahsing) after Bangi exit on NSE - another new exit. Its all about branding now - but certainly, the best pick in terms of location around Kajang / Semenyih seems to be SEH.

Morning neighbour! Signed your LO?

I too got from RHB but low MOF, now still waiting for other banks; very de slow la.

Mid-Nov mate.

Hahaha, HSBC truly the world's local bank.
The last to collect doc from me, but the earliest to come back!
Loan approved.

BLR-2.45%
Lock in: 3 years (from 1st drawdown - no impact to me though)
35 years
RM100 flexi setup cost
RM10 monthly maintenance

Now waiting for Developer approval code for the project to generate LO.
They require the code. But, okay la. Sudah approve ma. Now can look forward to others.

In fact, I had to put in some surety for other banks, HSBC approve solely based on my employment income. The best offer indeed.

Not really, you can ask for extension - Ms. Ho understands that it is year end, alot of us will be holidaying, so, can get extension after 14 days.
So, i assume got time till month end. Also, they havent cash our cheque, so, I am assuming no approval from council yet.