right now only SNP is signed, we have 14days to get loan offer and select a loan offer to proceed into signing loan agreement with lawyer next

Maybank agent telling me unable to get two loan offer at the same time, if i want try applying the 90% loan, I have to give up my 100% full loan first 

Hi hope this is the correct place to ask about this . I wanted to reduce my loan principal in hoping to reduce the interest . But as I understand , isn't reducing interest essentially reduce the monthly installment ?

Mine is a flexi loan by cimb but this note came out when I select the option to reduce loan principal



It's still undercon btw and I'm just paying interest at the moment .

Thanks in advance 

Hi,

I received offers for a new property loan. Need advise to finalise the loan asap. Which is the best (lower BR-fluctuate or lower SR-fixed) if advance payment + early settlement. TIA.

(1) PBB ISLAMIC HOME FINANCING
Loan Amount : RM 494,100 (81%)
MRTT (Coverage RM305k @ 30 years) + Critical Illness (Cover RM50k For 15 Years)
Total Loan Approved: RM520,277

INTEREST RATE : 2.90% P.A (BR 2.27% + SR 0.63%)
Tenure: 30 yrs

(2) MBB Maxihome (Semi Flexi Loan)
Loan Amount : RM 549,000 (90%)
MRTA (Coverage RM549k @ 30 years) = RM30,017

INTEREST RATE : 3.00% P.A (BR 1.75% + SR 0.63%)
Tenure: 30 yrs

(3) RHB Full flexi loan
Loan Amount : RM530,000 (87%)
MRTA (Coverage RM271k @ 20 years)
Total Loan Approved: RM540,880

INTEREST RATE : 2.90% P.A (BR 2.50% + SR 0.40%)
Tenure: 31 yrs

*P/S: Planned to have earlier settlement & not going to drag up to 30 years.

if i currently have a 700k loan property without any mrta/mlta (not buying any when bought this property few years ago), and going to buy another property with loan amount 500k.

Can I buy a MLTA worth of 1 mil. So that there is at least 1 mil coverage for the 1.2 mil debt.....of coz have some spare cash to offset the 200k difference.

Also....the MLTA you mention earlier is from which insurance company ?

Hi Sifus,

I have a house loan of 38 years. Currently have paid for 10 years.

If I want to make sure the loan is fully paid at its 28th-year, what can I do now? Can I pay more into the monthly instalment?

Thanks.

Hi all,

just got approval recently and wanted to contribute as this thread really helped alot in terms of providing info on current market.

HLB
loan amount: RM777,600
mrta (150 k 10 years): RM1,134
Total: RM778,734
interest rate: 2.85%
tenure: 35 years

Opted for minimum MRTA as i plan to get life insurance separately. Property is under construction.

Not mandatory but banker mentioned will have to put minimal amount (RM1-2k) to get a better rate.

Got quote from pbb this week

360k
2.9% for 33years
Insurance mlta 6k (cover 360k full for 10 years)

Not great but good enough for me.

Hi, just want to ask about interest rate.

HLB
2.63+0.22 = 2.85%

PBB
2.27+0.58 = 2.85%

Both also 2.85%, but PBB claim theirs is better due to low BR = more stable. How to tell which one is good.

Thank you.

Guys, any bank can offer lower than 2.85 % ?

600k
semi flexi
35 years
undercon
90% loan

Both MBB and PBB offer 2.85%

May I know which bank currently offer the best mortgage rate?

Want to get the loan with best rate, semi flexi or full flexi will be okay as long as rate is attractive.