MRTA not mandatory and no lock in period too - that's the best part that makes CIMB full flexi becoming less competitive!

yup MRTA not mandatory and no lockdown period . Previously was semi-flexi , it seems they have it couple of days ago , so i ask them get fully flexi lor~~

If not taking MRTA, then both bank best rate is BLR-2.45?

CIMB offer BLR-2.5 but their MRTA is way too expensive than others. Their model is calculated based on 7% interest rate thus much higher premium. Beware!

Managed to find out the reasons that contribute to the RM7k diff?

Haha just updated, see above.

RHB can give -2.50% if loan is above RM1m regardless of the MRTA. CIMB will only consider -2.50% if MRTA imposed.

This post has been edited by Jasoncat: Jul 24 2014, 08:43 PM

Aiya not qualify for RHB already.

Why? If it's because of the loan amount (hence getting only -2.45%) there is still one benefit - no lock in period.

After all, it's your call and I make no benefit whichever bank you take

If RHB can offer full flexi package without the need of MRTA and lockin period, then is considered one of the best deal already..

Congrate for all the Tenderfields buyer , Cradleton purchaser don't have such opportunity...

Hmm.... CIMB's MRTA is way expensive?

Congratulation...

My loan from CIMB, for cradleton, with lock down 3 years. Without MRTA only manage to get -2.40..

This post has been edited by samkps: Jul 24 2014, 09:16 PM

For Buyers that wishes to join new created FB

https://www.facebook.com/groups/857138054313913/

Since the property is only ready in 3 years, the lock in shouldn't ve much difference right? If both banks offer same rate I m likely to go with CIMB bcos I m used to their online banking. Is RHB banking service good?

How about the project VP within 24-30 months?

In this context, CIMB lose in terms of interest (without MRTA, only -2.40) and lock in as well.

Yeah, most of my loans are from CIMB, I already used to their service too..

This post has been edited by samkps: Jul 24 2014, 09:28 PM

2 things to take note here... if VP is 24 months or lesser than 36 months (though contractual is 36 months), then it makes some diff. Secondly, if the loan agreement does allow you to refinance / fully repay the loan during construction period, then you have the flexibility to do so in a rising rate environment.

Not sure the quality of its banking service but shouldn't need a lot of service since what need to be done is just monthly loan servicing, quite little value add service that can offer you.

Already 6 members joined

https://www.facebook.com/groups/857138054313913/

I think 20x70 corner still available - initially nobody wants cause say cannot erect extension?

Totally agree, nowadays consumers are all well-informed thanks to internet and forums like this. Once loan is up and running, we need very little service. Also very often it depends on the individual serving you.

RHB Full Flexi is not the Full Flexi that we understand like other bank. From what i understand, it is just an upgrade from Semi Flexi for a more flexibility for withdrawer of prepayment. Other T&C from original of Semi Flexi remain. In other word to say, still a semi flexi. Better ask in detail.

This post has been edited by Director Xavi V: Jul 25 2014, 09:48 AM

May I know which RHB sales person serve you for get the loan approval? Thank you.