Bank rakyat offers 4.68%..still awaiting call from them to sign loan agreement.

I did talk to one of the Officer.. Rate from 4.75%.

[quote=bunyip,Apr 26 2018, 07:55 PM]
[quote=fararawr,Apr 26 2018, 04:35 PM]
MBB just approved my loan. 110%, interest 4.7%, together with insurance. what else shud i know before signing the offer letter?


Is the 10% for mrta+etc? Other bank only give 5% for mrta+etc. Anybody have any idea about RHB?

[/quote]

My mbb bank Officer wants to know who is the lawyer for the pr1ma..any idea how to know?

[quote=bunyip,Apr 26 2018, 07:55 PM]
[quote=fararawr,Apr 26 2018, 04:35 PM]
MBB just approved my loan. 110%, interest 4.7%, together with insurance. what else shud i know before signing the offer letter?


Is the 10% for mrta+etc? Other bank only give 5% for mrta+etc. Anybody have any idea about RHB?

[/quote]
Someone told me the rates are standized for pr1ma properties in all panel Banks. Correct me if Im wrong.

Mbb offered 4.7%(I applied 90% loan)

Do you have the number? Their costumer service gave me 2 numbers to contact but couldnt get thru. The hq number I found on the internet is no longer in service

Anyone signed loan agreement already?

So have they called you to sign the spa agreement. How did you let pr1ma know u have obtained a loan already?

I believe they have a few solicitors responsible for certain units for this project. Not all our lawyers are the same. Its will be difficult and extremely slow if a single Law firm working on all 900units. Info@pr1ma.my are quite responsive,try emailing them if you have any doubt.

Have anyone sign loan and spa agreement, any update on Gst?

Try asking the bank officer you are dealing with to settle for you. Usually the officer will send the letter offer you signed to their panel lawyer and they will frame out your loan agreement. Later the lawyer with alias with the SPA lawyer of prima to sortéu out your spa agreement.

If Im not mistaken snp fees(lawyer and disbursement fees) are all covered by PRIMA. Probably you will have to pay for stamp duty which could be waived if this is your first property.

(AT MY BEST KNOWLEDGE!!) CIMB will call you soon to sign the offer letter soon. Once you have signed, they will ask for you whether you wish to do your loan agreement with your own lawyer, cimb's panel lawyer or Prima's lawyer. Once you have decided they will send the offer letter to the respective lawyer to frame out your loan agreement. At the same time, please ask the bank Officer to send a copy of loan offer letter to Prima. If they cant help you, worst case you get a copy of the loan offer letter, scan yourself and email it to Pr1ma . You can simply send it to info@pr1ma.my. Once all this done, the waiting begins. Zzzzzzz until the loan agreement lawyer or Snp lawyer call you to sign the agreement. As far as I know you will be required to make the downpayment 15% within 1 or 2 weeks of signing the agreement. Instalments are not allowed.

Some advice: 1.Never make any payment to anyone expect lawyers or Prima itself. If possible never cash,prefer online transfer or bank in ATM. Usually you will be requested to pay loan lawyer fee and stamp duty within few days after you have signed the loan agreement.Dont pay before that.
2.Which lawyer better? : Own lawyer :May give you discount rate or might do it for free. Bank lawyer: Maybe faster as bank will liase with them however sometimes the terms agreed are more infavour of bank,so before signing check all the terms. Pr1ma lawyer: Easier for you as you dont have to meet 2 different lawyers and can sign both agreement together.
Feel free to share any extra/new info