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Financial RHB offers full flexi?, House Mortg

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MeToo
post Jun 24 2018, 01:19 AM

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I hope someone can clarify this for me.

I understand that my extra funds dumped into paying off a semi/fully flexi mortgage cannot be withdrawn until the loan is fulyl disbursed.

The problem comes as I'm not sure when it is considered "fulyl disbursed"? After VP? Cause I understand there is still part of the funds being held for defect liability period.

I dont wanna keep paying off the principal until kena stuck with no funds for renovation when VP...
MeToo
post Aug 1 2018, 02:54 PM

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QUOTE(Ray Leee @ Aug 1 2018, 02:44 PM)
y not u ask the sales consultant to explain further?
*
Which sales consultant do you mean?
MeToo
post Aug 1 2018, 04:17 PM

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QUOTE(Ray Leee @ Aug 1 2018, 04:12 PM)
the person hu makes the fella buy the unit.. surely got somebody to assist the buyer right when buying a unit, no?
*
this is between me and the bank.

How does the property SA comes into the picture..?
MeToo
post Aug 2 2018, 10:28 AM

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QUOTE(Ray Leee @ Aug 2 2018, 10:23 AM)
o my bad, read wrongly.. i thought the fully disbursement was between u & property agent people

laugh.gif
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oh no no, its the bank i'm concern with.

But from most of the feedback seems bank will consider it "full disbursement" when they actually paid out aka by VP. The 2% withholding sum is not in the bank's hands and hence is considered "disbursed" as well.

So I can safely dump everything into the loan principal and take out the 500k i require for reno after VP...
MeToo
post May 13 2019, 04:53 PM

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QUOTE(takumitan89 @ Mar 9 2019, 04:07 PM)
Hi guys, I'm recently receive approval from RHB for their full flexi home packages, just Wan to make sure 1 thing as below which I saw at my LO :
1.) principal prepayment multiple of 1000
I got ask my Rhb banker, and she clarify that the system will reduce your interest even if you bank in 100/200/300. Anyone can clarify this? As she say if she lie, she could had complain by RHB long time ago.

Curenetly I'm have 2 choice bank loan, 1 is hlb another Rhb.
Hlb offer me 4.45% semi flexi loan
But one thing I don't like is that if I Wan to withdraw my money incase emergency, I need go counter to take and with charges of rm50, plus minimum withdraw I think it's rm5000.
But Rhb offer me 4.55 % and the banker say will help me fight for 4.45% which I don't think will happen.
If anyone can help me clarify for the multiple of rm1000, I will be appreciate. Thanks
*
Yes, principal repayment is in the $1000s, which is annoying, cause if outstanding total principal is 1899... u get stuck... damn annoying.

Also do take note they will buy your house insurance for you even before you take VP of the house.

I kena this... very annoying... 6 months before VP also they bought insurance on my behalf... it took me 2 months and sending email to BNM before it got sorted out
MeToo
post May 13 2019, 06:48 PM

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QUOTE(khieni @ May 13 2019, 05:53 PM)
Did RHB get your consent before buy the insurance? Fire insurance?

I think RM899 x 4.5% will lose only around RM50 per year?
*
huh?

The fire insurance we pay full bro... where got 4.5%? The bill was RM2k++

And no, they never got my consent, sent me a note in April say its effective Feb... really WTF moment for me. Not to mention the loan drawdown is 75% only so far, even an idiot would know its not VP yet...
MeToo
post May 14 2019, 11:36 AM

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QUOTE(AskarPerang @ May 13 2019, 11:56 PM)
Is not the only bank doing so. Maybank is also well known to buy fire insurance for still under construction property.
Guess you need to obtain the master all risk contractor insurance from developer and show proof to the bank to claim bank the charges.
Good luck.

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Yes.. took me very long to get them to cancel the policy even after furnishing the CAR.

Until I start copying BNM in my email then only they pay attention.

RHB assurance dare to tell me its none of their biz since the "bank instructed them to open the policy". I gave them hell and made sure they take responsibility.
MeToo
post May 14 2019, 11:36 AM

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QUOTE(khieni @ May 13 2019, 08:32 PM)
Rm899 I mean the extra cash for interest offset purpose...
Actually, is fire insurance amount same across the banks? How come Rm2k plus so expensive?
*
Unaware of what this RM899 is about.

As for the Fire insurance cost, ya... 2k+ is ridiculous.
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