Hi I got a question.

During the MCO period I've told my bank I want to continue my loan payment instead of taking the moratorium. The bank staff told me that I just need to continue my payment as usual if I wish to opt out.

So I paid my loan as usual last month, but I realized that my outstanding amount remains the same despite I made the payment (although the remaining installment period is minus by 1 month).

There is also another amount called "paid off amount" which is differ than the outstanding amount. the paid of amount is reduced after I made my payment.

what is that suppose to mean?

Thanks sifus.

You are suppose to confirm an agreement whether to continue or not in your bank online account.

Hi I was offered (Loan amount = ~700K with MRTA included)
- UOB (3.25%, inc. MRTA, Tenure=30y).
- Affin (3.30%(House), Tenure=30y + 3.37%(MRTA), Tenure=10y).

Which one is a better deal a? I calculated the total repayment, Affin is 10K lesser.

Impossible that Affin is RM10K lesser if rate is higher.

Affin MRTA tenure is only 10years, rather than 30years for UOB. So it is lower by ~10K based on the monthly payment provided by both bankers.

Hi I was offered (Loan amount = ~700K with MRTA included)
- UOB (3.25%, inc. MRTA, Tenure=30y).
- Affin (3.30%(House), Tenure=30y + 3.37%(MRTA), Tenure=10y).

Which one is a better deal a? I calculated the total repayment, Affin is 10K lesser.

comparison should be apple to apple, not apple vs orange... what if UOB MRTA is also 10years term? what if you buy MRTA from other insurer yourself?

So you are buying RM700K house and willing to cover with 10 years MRTA ?

Hopefully you have Endowment Policy of RM1.0M to cover for the house.

As for rate, should be able to get 3.22% or lower with RM700K.

Sorry a, I think maybe I used the wrong term or I am not suppose to compare like this. Actually both coverage year is the same, 20y MRTA. Just that the repayment package is different
1) UOB - housing loan + MRTA = 30y, 3.25%
2) Affin - a) housing loan = 30y, 3.30%
              b) MRTA = 10y, 3.37%

The MRTA coverage year is 20y. Just that the repayment package (tenure) is different
1) UOB - housing loan + MRTA = 30y, 3.25%
2) Affin - a) housing loan = 30y, 3.30%
              b) MRTA = 10y, 3.37%

Hi

would like to check. I am paying progressive interest since my condo is yet to complete. if I paying extra, will the monthly installment amount be revised again when my condo is completed. Or the amount is fixed unless refinancing? MBB semi flexi

Rhb is automatically applied. We have to opt out ourselves. And that's the answer (my previous post) I received when i ask the staff at branch. My online bank account doesn't say anything.

Sifu, wanna get some advice if my wife working in Singapore and I working at KV.

I and my wife is planning to purchase a property in Selangor, by using both names to loan the property. Are there any advantages or disadvantages? I wanted to get more information before moving to the next step.

anythings I need to take note of that? How the banks evaluate the sg payslips?

For your wife, Banker still will ask for past 3 mths payslip, bank statement to show the mthly salary bank in, Credit Bureau report --> can get from creditbureau.com.sg, CPF statement.
Some bank will ask for "Company Letter" either the latest from HR stating ur position, salary, years of service or "Offer Letter"

Sifu, wanna get some advice if my wife working in Singapore and I working at KV.

I and my wife is planning to purchase a property in Selangor, by using both names to loan the property. Are there any advantages or disadvantages? I wanted to get more information before moving to the next step.

anythings I need to take note of that? How the banks evaluate the sg payslips?

Thanks for your reply.

I think the documentation wise should not be a problem. Any idea of how banker evaluates the salary conversion SGD > MYR?

or anything I need to take note of? 

Hi, may i know how you opt out for the moratorium? Because my RHB loan currently show installment due as RM0.