I see, thanks.
Both were 3.99% earlier. So down by 0.19% and 0.15% respectively.

yup

to finance the premium for the MRTA policy taken on XXX ’s life up to the sum of
RM11,580.00.

what does this mean?

MRTA (mortgage reducing term assurance) is a form of life insurance which is purchased alongside the purchase of a property. The insured in this case is XXX, and up to RM11.58k of the premium of the MRTA will be loan-financed. (Note: no further info here to ascertain whether RM11.58k is the full or partial amount of the premium)

hlb 3.84
ambank 3.80
public 3.65
maybank 3.20
cimb 4.00
affin 3.99

can actually check fr website br.my

Alright thanks.

damn it, applied to hlb before the br changed but they hold my app coz they need to run a check on the project developer. and it took so long till aft br changed. so now br changed, i nv get to benefit fr it as they actually adjust the spread and make the effective lending rate remain the same. so now spread higher and im paying interest higher than those who applied before br changed. Those who wanna apply for loan, better apply earlier before the nxt 2 banks change their br.

any tips on which r the 2 banks which r gonna change their br?

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This post has been edited by ims2628: Jul 10 2015, 01:46 PM

That's when there are questions raised which banks' offers are better though the effective lending rate are the same, I always say that it is generally indifferent to take either one. BR could be different for different bank due to different methodologies in their calculation. The banks can easily adjust their all-in rate by tuning the profit margin (one of the elements in the pricing spread) up or down.

We are suppose not allow to disclose as its P&C

it seems br doesn't benefit either party. and its really a lot harder to compare btw banks now compared to using blr. can u imagine application before and aft br change giv a diff of 0.15% on interest for 30 yrs for a 600k house..

plus the promo with their preferred banking, which says all legal fees waived, is only for built houses.. im not getting any benefit fr them now, they r no diff fr any other bank now.. so gonna withdraw my app oredi..

So far as I know only HSBC is offering free legal and valuation fees but once you terminate their service they will count as these back from behind, so no point also. What's your main purpose of apply mortgage loan? To get loan for you new purchase house right? Then just back to point 1 compare see which bank able offer lowest rate and best offer, br wasn't a really big concern to be frank, for me the bank able approve your loan, provide better service in term of their offering package with or without mrta, loan margin, can finance legal and valuation fees all these also a concern; if you concern about rate there's always solution for you refinance your prop after lock in period to reduce interest

For commercial loan (buying a shoplot), is there any banks that provide full-flexi loan? Or maybe semi-flexi?

Yes there's bank provide flexi loan for commercial shop lot

Great! Any idea which bank provides the best commercial flexi-loan for shoplot at the moment?

This post has been edited by kmarc: Jul 10 2015, 08:08 PM

Rate more around the same, it's always depends on client profile grading and appeal to lowest see which bank can offer better rate and of course loan amount also will affect the offering rate.

I see..... Will ask around then. Thx for the info!

Hi, I bought a under construction property recently and got my Lon approved from RHB bank. When I read the terms & conditions from the bank letter offer today, I found out there is a term stated fire insurance is compulsory. The banker didnt mention anything about this during signing the LO. May I know when should I start paying this and for a 400k loan, under construction and will be completed around 2017. how much will be the amount? It is payable to bank or? Do I need to pay on monthly basis or yearly. Thanks you.

Only compulsory insurance is Fire Insurance in the property after handover...

However if you buy a condo, the JMB will also buy insurance and you just need to show a copy of the JMB insurance and your financier will not charge you again for this Fire Insurance.

But check to see cos some loan agent tick MRTA for you but you can see immediately there is additional MRTA Loan which you can decline.

But for own stay, MRTA is recommend.