We need the funds for something else plus the property is being rented out and paying for itself. There is no point paying it off.

Hi guys,

I wonder if anyone of you guys came across cases like mine?

I have term home loan with HLBB and since the lock in period is over, I would like to refinance the loan to a flexi loan. Has anyone of you manage to get incumbent bank to convert term loan to flexi loan without incurring in additional fees (legal, stamp duty, etc.), i.e. in my case, to request HLBB to convert the term loan to flexi loan (and probably top up the loan as well during the process)?

Thanks in advance.

Any one have public bank banker phone no do pm me thanks.

Just my personal opinion.

If you are changing from Semi Flexi Loan to Fully Flexi Loan, this may require the signing of a New Loan Agreement which in turn attracts Legal Fees and Stamp Duty on the Full Amount

Our Mortgage Experts seems to be still away, lets see what they say.

You can also call up your Bank Branch.

Am sure they will also be happy to assist

I have called them up but it's taking ages for them to respond hence I am seeking advice elsewhere. Well... maybe my loan amount is too small for them to pay any attention.

rm190k loan but with -2.4% on BLR, cantik tak? Hehe

Fantastic. Which bank? Any special terms?

nope, standard throughout. Mbank. only 3 years for lock in

Peri2 is a HNW person so any loan he takes will get good rate

RM190K Loan, normally cannot get BLR - 2.40%, closer to 2.0%

yeah, RHB only offer me -2.1% only, i straight ask them fly kite

bro, I need a loan around RM220,000 around 15-20 years, what is the best rate bank in town nowaday?

any Banker here?

I need a loan around RM220,000 around 15-20 years..can offer me ..

Now restructure to BR package. have to ask more around. if buying for new project, always try their panel, if sub sale, better try back previous financier.

But if still want the best out of the best, try kuwait bank or muamalat

thanks for the info bro..

If you applied earlier before BR takes effective, you can also probably get BLR-2.4 which I did for about the same amount and tenure 25 years.

This post has been edited by jan_sc_leong: Jan 8 2015, 11:43 PM

Morning guys.. i would like to know whether is it advisable if i refinance my house to reduce monthly installment. Details as per below :

Bought in 2011
Buying price RM280k
Loan with Hong Leong Islamic RM257,858
Current valued at RM420k
Monthly Installment RM1277

I'm not too sure what is the interest rates, but it's written below in the letter :

Contracted Profit Rate (CPR) 10.60% per annum
Islamic Financing Rate 6.6% p.a.
Effective Profit Rate 2.30% p.a.

What you guys think? And i cant find anything about lock in period inside the t&c's.

Bro, you missed out a few important things

1) What was your original tenure

2) What is your current Principal Loan O/S

u wanna lower your instalments but are you also looking for extra cash ??

Hi, i wanna ask, if bank loan reject, when can we re-apply the same bank again for the same property?
is there any waiting period?

Thanks!!

O+Jan 9 2015, 04:07 PM-->If rejected, go and appeal. If the appeal is not successful, then that should be the end of the case - unless you have other mitigations e.g. lower margin of finance, getting other joint borrowers to support, showing new proof of your solid financial standing etc.

Thanks for the info!
I dont know can appeal