Average lowest should be 4.4 for this loan amount, yes there's few bank is without lock in period

4.4% is about the average if it is higher we can alway appeal although the is no guarantee of success. For no lock in periods we should apply for Islamic loans.

thanks to both of you. 

anyway, was genuinely surprised that the agent who submitted the application for me manage to get me 90% even though i clearly know i have 2 other existing resi loans.
so now the loan amount has grow to approx rm540k.

but comes with lock in.

am still exploring.

what are my alternatives?
and any explanation for them to grant me 90%?

Was the property that you finance unencumbered (free of loans)?

Or was the financier an insurance company or other financial institution that is not a bank?

if free of loan, then more. lol.

the 2 property i mentioned is currently still with loan installment sir.
and it's bank. not insurance.

if free of loan, then more. lol.

the 2 property i mentioned is currently still with loan installment sir.
and it's bank. not insurance.

Might be because in your ccris report there's one prop might tag as commercial instead of residential. It that any of your prop is soho sofo or service resident?

nope. all are full HDA compliant products albeit sitting on commercial land and termed as serviced apartments technically.

Might be because in your ccris report there's one prop might tag as commercial instead of residential. It that any of your prop is soho sofo or service resident?

Don't  think this is the case.  The CCRIS code of "10" refers to properties regardless of residential or commercial.  So seeing that collateral code won't be able to tell what property type is that.

Nop, there have a code id code 10 normally is housing loan. And commercial is different code, and base on the bank he borrow help him update what code for service apartment.

I have been seeing collateral code of "10" being used for property (including commercial).  Based on the guide from BNM, I find no other code specifically for commercial property. 

Can pls advise then what's the code for commercial property?

Sorry to confuse you ya.. It's HL and OTL. But some service apartment some bank will tag as OTL instead of HL. So when dsr is over bank might require customer to show letter offer to prove that the prop is not belong to commercial and recalculate base on residential tenure.

Dear Faiz and other sifus. I havent managed to read all the post,just up till page 9. Then straight jump here to ask. Hope you all still entertain.

My question is
Can i go to HSBC and refinance my condo to RM476k for me to cash out rm30k and settle my personal loan balance + ptptn? If can would you recommend it or not?
Current phase 2 of the condo is selling at market value of RM600k plus.
Project free from encumbrances.
When I apply for the house loan on 2012 BNM rules is not that
strict though my salary is quite little back then which was gross rm3700 like that. I know every January new year BNM rules changes.

Dear Faiz and other sifus. I havent managed to read all the post,just up till page 9. Then straight jump here to ask. Hope you all still entertain.

I have 1 freehold condo property under my name

Original price: RM 496,000
Loan value: RM446,000
Bought with DIBS at 2012 using HSBC Full Flexi MM 35 years tenure. I am not paying the bank anything so far. The condo will be VP this coming February 2016.

Current gross salary: RM 4804 **pending 2015 salary increment around RM400
Net salary after deduction: RM3925.00 **will be more after increment
Fixed bonus 2 months December 2015.
Performance bonus: 3.5 received for 2015.
Credit card= total RM 16000 as per today. But after December bonus will be less than RM 4000 only. I will use 12k to settle it.

Personal loan at 6.1% with bank islam rm20k. Rm350 monthly alrrady service it since January 2011. 7 year loan till 2019.

PTPTN loan at rm8k.
No car loan.

My question is
Can i go to HSBC and refinance my condo to RM476k for me to cash out rm30k and settle my personal loan balance + ptptn? If can would you recommend it or not?
Current phase 2 of the condo is selling at market value of RM600k plus.
Project free from encumbrances.
When I apply for the house loan on 2012 BNM rules is not that
strict though my salary is quite little back then which was gross rm3700 like that. I know every January new year BNM rules changes.

I have been seeing collateral code of "10" being used for property (including commercial).  Based on the guide from BNM, I find no other code specifically for commercial property. 

Can pls advise then what's the code for commercial property?

both commercial property and residential property code are 10
HSLN is residential
OTHLN is commercial

cheers

Correct.  In fact the facility code can even be broken down further.

Jason, I know you work for a bank, but which operation in the bank ya?

Bro, I'm just a low rank staff like a janitor or tea lady