Thank you for the feedback. Based on what I saw some LY members sharing, I think it is a high rate for me.

Others bank rejected 

Need some advice here.

The property that I am interested with is completed, so bank loan is based on market value and not SPA. Primary market, not subsale.

I approached 2 banks and they came back with a valuation of about 25% less than the SPA price.

The property consultant says that their recommended banks should be able to match the SPA price.

What are you thoughts on this? As a buyer, should I be concern that the market value by those 2 banks is considerably lower than SPA price?

I thought bank market valuers are usually objective, so whether the banks worked with the developer before is not a factor at all. It is a completed property anyway.

Thank you.

Just for comparison, the normal rate early in this year (before the series of interest hikes) was 2.80-2.85%, with 2.85% the norm. After all the hikes, those with 2.80-2.85 will see their interest rate increased to 3.55-3.60%.

So yours looks OK to a layman like me, especially since your other application is rejected.

I'm curious, which one came first - the approval for this loan with Allianz or the rejection of the other loan?

BNM just increased the rate, will the loan offer that is on going be impacted?

The rate very high..

Recently I paid the deposit for a subsale and signed the booking form. The deadline for the booking form is this Friday but the banks have been very slow in loan approval. I only have 1 bank approved, waiting for 2 other banks to confirm. Should I just proceed or anything else that I can do to wait for the 2 other banks?

Is 4.00% 35 year loan for subsale rm460k considered okay at current OPR levels?

100% loan from RHB under SRP

Here again back with some questions:
1. One bank requires min 5 years MRTA. I understand that can get refund if settle loan earlier than tenure. What is generally done, take MRTA to cover whole tenure?

2. MRTA is paid at the beginning of tenure. Is it advisable to pay as lump sum, or can it be added to the total loan as installment?

3. Is fire insurance compulsory by all banks?

Thank you

My current Maybank semi flexi Islamic home loan outstanding balance is 567k, interest is 4%, loan until year 2053. Is it considered high?

Hi Sifu, wanna ask if currently CCRIS showing 2 properties loan,

1) Resident housing loan (2 loan joint name) - RM 2200 monthly repayment
2) Commercial shop (4 loan joint name) - RM 2000 monthly repayment

Wanna ask generally how bank calculate the individual commitment?

1) RM 2200 / 2 + RM 2000 / 4 = RM 1600 commitment OR
2) RM 2200 / 2 + RM 2000 / 2 = RM 2100 commitment

lets say i have 2 joint name housing loan
can i still get 90% loan for my 3rd house?

Which one better?

Bank A
500K 3.7% 35 Tenure loan
MIN-  MRTA 10K 12years

Bank B
500K 3.75% 35 Tenure loan
No need MRTA

Does a guarantor need to pay the loan if the borrower pass away?

Thanks. The bank requires my co-owner to be a guarantor because SPA has both names. Even though loan just under my name. Is this true?

Also MRTA has to be 20 years minimum instead of the initial 5 years minimum due to my age.

hihi, first time trying to buy a house here. I saw the loan requirement need something like a "Deposit Statement". Is that like saving or fixed deposit statement? If I dun have, I cant get loan ardy ke?

is this the right place to ask? lol

Looking to purchase a leasehold property I think 50-60 years left..

The only point making me to consider is that it's beside my mum house and in future possible to combine 2 house into..

But before I proceed, i doubted I can even obtained 90% loan as its low cost housing but selling at 400k now.. Can advise me on this part?

a) % mortgage loan bank will give
b) possibility to increase abit loan to cover renovation(but if first part also cnt get through no point thinking about this)

Hi, need you all advise as I'm not familiar with how this bank loan working:
1) what is the difference between full flexi vs semi flexi loan ?
2) how to do refinancing, currently i have a house loan with HLBB at 4.24% p.a., is there possible how to save more?

Thanks in advance for all your input.

Q1. Details of the rate, tenure etc is not stated at the loan agreement form. It is like a generic document. Lawyer said it will be based on the offer letter. Is this the normal practice?

Q2. Received a letter from developer on construction progress and ask to remit payment within 30 days or may incur penalty. I just sihgned the SPA and loan agreement last week. In this case, do I need to chase the bank or something?

Thanks

Asking on behalf of family:

Borrower: Privately employed 30+yo with no credit history except PTPTN

Approved home loan RM300k

Tenure 35 years

MLTT 14.4k

Interest @ 3.9%

Above looks reasonable to my amateur knowledge, what is sifu's opinion?