If the developer got their own panel bank, can we opt for other bank?

In case the panel bank interest is higher..

Dear

1. PTPTN is a debt. It will appear in CCRIS if you ave this facilities nowadays, not like previous years of negligence.

2. PTPTN wouldn't be a problem if you are prompt with every months payment.

3. However, if you have arrears showing in your ccris "100" etc, your loan approval for other loans in the future will be problematic.

CCRIS will be relevant and not CTOS.

Rejection will be imminent, hence it is best if you pay all your debt promptly.

To settle PTPTN issues, there's 2 ways:

1. Visit a PTPTN centre and ask for PTPTN debt restructuring, they will help you restructure your payment for the debt. However, you would need to pay off a certain amount of the outstanding loan, before they allow restructuring to take place. After that, they will provide you a letter of restructuring, 4 pages. Bank will calculate your installment based on the payment stated in the letter.

2. Visit PTPTN centre, and settle the outstanding amount. After that, they will provide you a letter of settlement.

With above methods, will enable your loan to approved, given that PTPTN is the only obstacles.

Cheers
Dear

1. WIll revert back to you this afternoon.

Cheers

Dear,

I did mention to pay his debt promptly in the future.

Well, to your concern, will highlight the important of paying promptly after settling outstanding in a more concise ways.

Thanks for the concern.

Cheers.

Well, there's no intentional left out, I have point out in point NO.2 to pay off your outstanding debt amount which is to regularize the payment in arrears.

There's 2 options stipulated. Hence there's no such shenanigans as speak of.

Tq again 

Thus restructuring will leave a note on CCRIS report for about, 10 years?

Yes, stamp duty is a sort of payable tax to our government for welfare of country. SNP and loan agreement have different calculation on stamp duty.

SNP Stamp duty
First 100k Tiered Rate 1.00%
Next 400k Tiered Rate 2.00%
Exceed 500k Tiered Rate 3.00%

Loan Agreement
0.5% of loan amount

If your lawyer is panel bank it shouldn't be any issue, unless it's adhoc.

I suppose you had financed legal fees, valuation fees and stamp duty (entry costs) into loan. Therefore, you were paying installment with chargeable interest over entry costs

thanks for your respond.

is there any other banks Tnc is more lenient than maybank's?

on an unrelated questions, always heard from banker mentioning terms like first disbursement, full disbursement, first drawdown etc. actually what does it means? 

First drawdown is for undercon whereby the first 10% or depending on which completion stage it is right now and that is where the developer first draw the loan from the bank

I just got rejected by RHB with the reason the system reject my application. I think is due to my previous AKPK record(All settle 6 months ago). Should I apply other bank or just give up, i am not sure whether they all use the same system to evaluate the application.

Hope sifu and master can help me abit on this.

Thanks

Hi all

Im a new buyer here. Just want to ask smtg relate to DBIS, which I understand the developer will bear the interest during the construction period. However, is it true that this scheme have been prohibited by BNM?

Under current situation, buyer have to bear the interest during the construction period, which is around 3 to 4 years. Anyone could advise the total interest to pay during these 3 years are estimated to be how much?

Shariah Concept
MMTF-i is structured under the Shariah concept of Musharakah Mutanaqisah or known as Diminishing Partnership. Under this concept, the customer and the Bank will jointly participate in the ownership of an asset. The equity of the Bank will be divided into the musharakah units and the customer will purchase the Bank’s unit. As the installment progressed, the customer’s ownership increase, while the Bank’s units representing its ownership of the assets will diminish until the customer owns 100% of the asset. MMTF-i also adopts Shariah concept of Ijarah whereby throughout the tenure, the Customer leases the portion of the asset that the Bank owns, Customer pays monthly installment for the purpose of purchasing the Bank’s unit as well as rental.

When a bank gives out such facilities for a particular project. They have the actuarial to calculate the risk of such financing whereby what's the chances of the project to fail

Thus they won't be stupid enough to give such financing if they are not confident and bear all the cost should the project be abandon.

To answer your question, yes the bank will bear all the cost if the project is abandoned

Hope this opinion can help your puzzle..
"IF 0% Lending Rate is coming, your still need to pay Bank A 1.35%, but Bank B only 0.85%. thats why we choice lower Fixed Rate but not BR.

Hi Jason,

Care to share your thoughts on the matter for the benefits of many?

Ya. I guess the 0% BR will not happen in reality but maybe in a ideal world. 

Thanks buddy

"Zero interest-rate policy (ZIRP) is a macroeconomic concept describing conditions with a very low nominal interest rate, such as those in contemporary Japan and December 2008 through December 2015 in the United States. ZIRP is considered to be an instrument of the unconventional monetary policy and can be associated with slow economic growth, deflation, and deleverage." from Wikipedia. (if your interested about ZIRP, please read more, knowledge are surounding us.)

This 0% interest rate happen in Japan and US, why BLR change to BR? before BR is BLR, previouly we get offer from bank was BLR - x% (normally), now is BR + x%,
as IF ZIRP is happen in Malaysia, how BLR 0% - x% become negative? so BR + 0% is here.

Please read more before your said or comment other people opinion.

孺子不可教也