Hi newbie here,

I've been offered a home loan package with 90% loan amount , 2.85% interest and CLTA 2% of my property value.

I wanted to ask can we actually still negotiate with the banker for lower rate or lower CLTA insured amount ?

Your loan from CIMB too? Mine already approved since last Wednesday, but until now did not receive the letter of offer from the bank. Is this normal during "holiday" season?

now any bank have this step up loan ? means for the first few years the repayment is lesser, then only increase year by year.

Hi,

Is it possible to get 85% loan for 3rd property purchase?

Thank you for your answer, mini orchard. 
Thanks to your guidance, I learn that the valuation fee (RM 710 prior to discount, as in my case) are standardized by LPPEH (https://lppeh.gov.my/WP2016/fees/).
Thus, the calculation of the valuation fee is clear cut. I fully understand the calculation of the valuation fee, and have no issue with the valuation fee.
Well, I did ask the valuer before. The valuer vaguely said that the reimbursement is the sum of the cost of preparing the valuation report, the mileage of the valuer travelling between the valuation firm and the property, and so on.
I found it to be weird, that the cost of preparing the valuation report is not a part of the the valuation fee. Then, when I asked for the breakdown of reimbursement, the valuer refused to explain further.
It seems that the valuer may have taken advantage of my naivety in property valuation, and may have charged excessive reimbursement. Thus, I am wondering whether the reimbursement (of RM 587.42, as in my case), or disbursements (similar to a legal firm, as you said) is a reasonable and appropriate cost, or I have been overcharged.
Thank you once again.

Hi all bankers and sifus,

Wanna ask my monthly gross pay is rm5k,  now I have RM400k first house loan (now outstanding amount in ccris is RM300k as not yet VP),  monthly installment will be around Rm2k, but now just only paying progressive interest. Understand that in certain bank, the DSR rate for income above 5k is different, Will I able to get a second housing loan for RM700k houses?
Kindly advice.

Hi All,
I planning to buy a property for 688K loan amount. However i am trying to figure out what is the cheapest way to cover the insurance.
I dont want to have a loan more than 700K.

Any advise ?

Hi sifu here…just booked a new project, and just apply loan, however when I asking other bankers, they all quite reluctant to take up the loan application and giving me same reason which is the project overpriced and banks only willing to loan 80% and lower, what can I do beside give high dp?

Ohh ok I thought standard rate for all bank, anyhow thanks for the advise ya.

Btw what is the reason reluctant to provide 90% loan?

just get a loan reject from Maybank. Maybank require 10% downpayment amount in saving account or investment.

For example, property price is 500k, 10% downpayment is 50K and Maybank required equivalent 50K of saving/investment is available

credit card
yes but reduce the monthly commitment
yes..

now..any idea which bank offers this as the ones I asked, RHB and BSN..RHB refinance only ..BSN got and want to try other bank if can compare rates

so in the case of the owner who died without mrta, and the house still haven't fully paid - the next of kin cannot have the house unless they pay the balance immediately? or the bank will automatically sell off the house to settle the debt? so in other words, next of kin will be kicked out of the house by the bank?

damn.

Can i know what will happen if anything happen to me during progressive interest.

Means i haven't start pay principal since house still under construction.

What is the average time for the bank to process a loan application? It seems to me nowadays Banks are super careful and take a long time asking many documents...

Need advise

Margin : 83%
Loan amount: RM416,658
Loan tenure: 34 years
Rate: 3.25%
Mrtt Full coverage RM416,658
for 30 years + 4 construction, premium is RM20,320

for 25 years + 4 construction, premium is RM14,131

for 20 years + 4 construction,  premium is RM9,679

which mrtt options to choose?

Hi Sifus, got an offer from SCB for my home loan, need your advice if this is a good offer or could be better?

- Loan margin 90%: 549k
- Tenure 35 years
- Effective rate 2.81% (sooner will increase 0.25%)
- No lock in

   

RHB Bank
Full Flexi
Loan: RM 1.006m ( RM 954k + rm52k mrta)
Margin: 90%
Tenure: 32 yrs
Interest: Spread 0.30 = 2.80%  (sooner will increase 0.25%)
Guys..is this deal okay ?

Thank you for your advice. I emailed her and BNM two days ago but have not heard from her. The application still appears in ECCRIS.

Maybank first home Financing RM 275,000
mrtt premium RM 13,134 (cover RM 275,000 for 35 years)
*total loan* RM 283,134, 35 years, 3.25%

Is this good? Seems high to me.
And if i opt for 90% margin (which I'm ok with), would the rate be lower?

UOB bank Loan approved as details :-
House loan: RM593,672 (90%)

Total loan: RM593,672
Tenure : 35 years
Interest rate: 3.5%
Monthly : RM2,453
The agent said will appeal for me. Sounds like super ultra high interest weh