Ya..

i was wondering on the spread.

will the bank increase the spread during their loan offerings when the BR is low, and lowers the spread while the BR is high or vise versa?

if it is so, as BR normalize there will be difference in total interest (BR + Spread)

Back in 2016 i was offered housing loan under affin BR + 0.76 ( Loan Value : RM 250k)

Last month, Affin offered for another loan at BR + 0.2.  (Loan Value : RM 500k)


so for this case shared by forumer, means the spread difference is caused by loan amount?

regardless of BR, the spread in fact not changed as much?

Earlier today, I received a call from PBB (I would like to buy my parents' house, and they will renovate it with the money). They rejected my loan due to that being my parents' house.

According to my banker, HQ feedback is unfavourable. According to her, all my documents are acceptable, but there is a policy issue (said because I bought my parents' house). It made me so miserable.

I'll submit it to the other banks. Until then, I'd like to get some more information from you.

Since she's been working there for a while, she should know this policy, but why doesn't she tell me earlier?
Whenever I ask, she keeps saying "I don't know.".

The reason I was worried is that other banks check my ECCRIS, and I have already had two PBB loans (she said the first can't key in data anymore hence need to create a new one), yet I still submitted them and all of them rejected my loan.

Tell them that you decide to cancel and ask them to remove the CCRIS record, keep following up and bug her

Hi all. I submitted a loan application for around 560k. I received feedback from:
a) PBB-rejected, said bank internal issue (banker said documents were all good, probably because they heard the house belonged to my parents)
b) HLB-only approved for 330k, said my commitment is high.

As of 2021, my total income is estimated to be around 85k (based on eB form), and I have attached my ECCRIS.

Could someone please advise me?

my loan period is 35 years, (construction 3 years + financing 32 years). What does it mean for construction and financing? anyone can enlighten me on this?

Partnership business. Around 6k per month

One question... Can i pay to bank and the payment is direct to the main installment, not the interest, first ?

Which web is this bro?

Can someone share what is the average or safe DSR to use?
Want to have some rough calculation to see the maximum loan amount i can afford. Thanks

Hi all, this is my 1st property purchase.

Total loan amount: RM520k
Suddenly today my loan account reflecting
Total amount payable: RM200.
Principal outstanding: RM27k
Payment due date: N/A
My property still currently under construction.
May I know what do the figures above mean? Do I need to start paying right now? Thanks!

Hi all, I have a question.

I have bought a property, now serving progressive interest and soon going to VP. However, if in future I wish to refinance or change to another bank to get the lowest interest rate.

What are the factors that myself should have so in order to get lowest interest rate? Something like working in certain position / company for x number of years, other than stable income and credit score etc.?

Can elaborate more on the reasons? Thanks. Not planning to leave anything behind. Bank can have the property if I'm gone.

Guys, I got a question. Let's say I got 100k, house property 700k, semi flexi.

Option 1:
Take 100% loan, then put in 100k to principle, to reduce interest.

Option 2:
Put in 100k, then take 600k loan.

Will both be the same repayment? Or which 1 better? I don't want to pay so much interest for bank.

Following up on this question, thanks for all the replies previously . If I take 17 years as the minimum now, can I buy another MRTA to extend it for another 10 years or so later after this one expires? Will it be more expensive than buying 30 years now? Thanks in advance.

Hi fellas.

I have a situation and am seeking advice. I have a signed a loan offer from Maybank, which ties in CLTA@Etiqa for 500k for 30 years.

I did a health assessment, and they have added loading due to my BMI. My banker proposed to reduce coverage to match the original premium and avoid extra loading premium.

Asides that, I currently have a life insurance with AIA for 100k. Can I just increase the coverage to 500k with AIA and show maybank if needed? The banker told me its compulsory to choose Etiqa if Maybank. This would mean I will need to request full CLTA Waiver at the expense of 0.05% interest increase in house loan, but it's up to bank to accept my waiver request.

Thoughts/advise?

Sifu sifu, what is the rate for commercial loan (buy shoplot using individual name) now? Getting a few quote for around 3.8% (without mrta), with mrta about 3.7-3.75%. abt 500k loan for 25 yrs tenure. Is it good rate? I scroll above seems like residential loan rate is lower.

Hi, is the current rates at the range of 3.6%-3.8%?
My existing loan is at 4%++ now, does doing refinance helps in this case?
Thanks

Thanks for getting back.

So my understanding is if the property value appreciated then you can choose to have higher loan amount and get quick cash from the refinance. Vice versa, if property value depreciated, then you might have to top up extra cash from your own pocket.

On cost involved, anyone kind enough to share what is the estimated cost to expect? I assume it is x amount of fixed costs on stamping & valuation etc, and maybe x% based on loan value or property value? These will be super helpful to me to run some calculation and see solely from interest rate perspective is it worthwhile to go for that.

Another question i have is does flexi loan typically come with higher interest rate, compare to conventional loan?
Or the rate is varies mainly due to different banks offering, rather than the loan structure itself.

Thanks

When looking for housing loan offer, do you guys let the property consultant/developer find for you or you still approach the banks personally?