14 days to sign the loan agreement ? After signing the loan agreement what must the bank do ? sorry first time house buyer.. dunno the procedure. What happens if we don't secure a loan within 14 days ?

hmm my sequence a bit different for bumi-release.. first day already pay full 10 % and sign S&P ... hmm will call my SA.. just got one loan approval.. but thinking of waiting for few more bank reply.. but thanks a lot for the information

i think about the same with what SA told me, but I actually can't remember..haha
she said most importnat is to apply for bank loan now

Thanks!

Guess I'll apply standchart, rhb, hongleong, cimb

I heard that Islamic loan will give you 20% discount on stamp duty, and there will be a ceiling of 9.99% also..i think i'll apply islamic loan..

It's a GOOD news !!!
happy to hear that.. can see some 'light' already
i believe the resident will cooperate ... and if they ok, and local council ok... then I 'Guess' la.. IJM will pay for the fencing.. hahaha... small investment, can get so much of good benefits afterwards... it's a township



just hoping and guessing.. believe it at your risk..

haha

Actually i agreed with you..the agent also can't explain clearly..  these are the things I found from loanstreet.com.my... and after reading.. i was like...        

For an indefinite amount of time, there will be a 20% stamp duty discount for Islamic Loan Agreement documents. Note: In conventional financing, there are only 2 legal docments necessary - Facility Agreement and Charge documents. But for Islamic financing, there are at least 3 (for some products 4), which brings up the total legal costs.
For Conventional loans, if a borrower alters the terms of the finance (E.g. Increase the facility amount), the Loan Facility Agreement would only need to be up-stamped. For Islamic financing, a new Sale And Buy-back Agreement (BBA) needs to be drawn up, making it more expensive.
Islamic financing have difficulty in restructuring or refinancing in the case of default
Your costs for early settlements, late payments or defaults are more transparent in the contract as compared to Islamic financing.
hmmmmmmmmmm

Actually three things:

1. Resident need to agree on Fencing..
I think they will agree, as added fencing will definitely help bring up the price of the property (for those who don't care about security), and provide better security (for those who don't care about the price, just want to stay).
First year free, meaning even if they don't want to move in yet, they still don't have to pay, so, why not just say 'yes'?
Yes, I agree there might be weird ppl with weird reason, but hopefully it's < 15 %
If no fencing.. property price won't increase, and i think it will be hard to sell also in the future...
2. IJM to pay or not?
I think they will pay, by paying for fencing: Benefit for them:
They get good reputation, after all it's a township. There are still a lot of phases afterwards
If they are not paying, they take the risk of: buyer complaining (lowyat guys complain in forum?      )
Also take the risk that , there could be more buyer who will disagree by paying for fencing, thus.. in the end no fencing.. and the whole project was like??
3. Local council to approve?
Pray....
There is already an example from vettel2020 that it is possible....
That's why I'm a bit optimistic.. only thing is I need to pray more
hahahaha

If there's fencing, we pay little (cheaper house price, cheaper maintenance), to get something like 'G & G'.. worth it, hahaha.. it's like gamble la ....

MBSA, MPK might be different from MDKL as I didn't know much F&G thing in Kuala Langat itself, it might be easier than we expected.
My SA told me IJM didn't commit on the fence setup, however I still optimistic they willing to help and also from Eastken COO did committed as well.

For me, the most concerning part is on Local council approval, worst case scenario we fork out money on our own.

high voltage electric walls 

maybe build a lookout tower and hire a sniper..looks like prison 

My loan just disburse today...About 19days overdue from 90days period given...

Phonix you bought phase 2 right? You bought it this year or last year ?

As per telecon with rimbayu sales manager (i guess), she said developer will waive the interest penalty for any delay other than loan bank process...
Tomorrow need to confirm again with them... cause mine dont have problem with loan... and i chose JM Chong for both developer and banker solicitor... they're taking long time handling consent to transfer with pej tanah...

But the disbursement advise today only small amount not as per total progress billing...

so actually what is causing the disbursement delay for both of you ??

did all of you use the same lawyer for both loan and SnP ?? Is it compulsory to enjoy the free legal fees by developer ?

Phonixloo, hv u sign the s&p? Already get loan approver?

U mean free legal fees? i got bill from JM chong for 16k total with stamp duty. Which i havent pay. They say can pay later when vp.

Mine is already almost 4 months still no disbursement. Took gov loan. Land office took about 2months already. and gov loan process is so slow. mostly waiting. I do write every now and then to IJM just saying reg my loan status and all. Hopefully no penalty. Because theres really nothing i can do to make it quicker.

Hey guys, just spoken to Rimbayu SA. They say after you sign letter of offer from the bank, we are given 14 days to sign the Loan agreement. Then during loan agreement have to pay the MOT already. Then after the loan agreement, we are given only 21 days to pay the first drawdown. Can someone verify this ?

90 days after the loan agreement ? how long does it take your lawyer to draft out the loan agreement after you sign the letter of offer from the bank ?

yes you are right.. RHB promotion now, fully flexi loan no need RM10 account maintainance.. not bad i think
but MRTA, how come your one more
i think 7 years also.. try to nego for lower MRTA? (but maybe my loan more so they can give lower MRTA? i also not sure)

better buy life insurance than take MRTA i think

MRTA = if anything happen, they will pay to the bank to reduce your loan
Live Insurance = if anything happen, get the cash and then can decide to use it for what

but if -2.45 for 35 years, it's more than the MRTA amount u pay, so it's better to take MRTA with minimum..

RHB is not full flexi if not mistaken.  You don't have cheque book and need to request one day early

mean you already get loan letter from bank or waiting bank to approve ur loan?
which bank are you taking?