Dear

1. what's your gross income, allowance, commission and OT /month. seems that your income varies monthly as you can touch 10k

2. Refinance RM800K property for RM300K cash out?

3. THere's still bank running a promotion of 4.2% interest rate before merdeka. can try out this ELR package rate. Lowest of all for this month.

4. if based on 7k income your max loan would be:

Based on the details given by you, Your max loan eligibility for each bank is as follow: 
  Rm
A*BANK  791,291.67
H*NG LE*NG  960,854.17
M*YBANK  791,291.67
*CBC  791,291.67
R*B  904,333.33
U*B  791,291.67
C*MB  847,812.50
AFF*N  904,333.33

Dear

1.  Monthly installment can't be reduced. It will always stay the same throughout your loan tenure.

All banks standardized in this fixture.

2. If you credit RM500,000 into the full flexi loan account, you will be paying the same installment. However, you will be paying more towards your capital instead of interest.

BELOW is just an example:

RM5000 ( RM 4000 (INTEREST PAYMENT) + RM1000 (CAPITAL PAYMENT)

When you credit RM500,000

RM5000 (RM3000 (INTEREST PAYMENT) + RM2000 (CAPITAL PAYMENT)

You will save more on your total intrest payment and shorten your loan tenure!

Cheers

Dear,

1. For me to assess your profile and max loan accurately, could you provide me

-Gross income
-Commission
Month7
6
5
4
3
2

2. Credit limit of your initial borrowed car amount and housing loan

Cheers
Dear

Yes correct, that's the problem with maybank full flexi.

Cheers
Dear

Better have your profile properly assess first.

As mention above.

Cheers
Dear

1. Based on the details given by you, Your max loan eligibility for each bank is as follow: 
  Rm
A*BANK  655,054.63
H*NG LE*NG  830,592.13
M*YBANK  655,054.63
*CBC  655,054.63
R*B  778,447.19
U*B  655,054.63
C*MB  713,567.13
AFF*N  717,033.33
 
 
2. The best bank to get the highest loan would be HLBB and RHB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with." 
 
3. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you." 


Cheers

If you don't want such arrangement, you can opt for the semi-flexi loan, otherwise, go with other banks for their full flexi loan facility.

Any housing loan also the same, the interest charged are the same if you don't put extra money to reduce the principle.
But beware, some bank's full/semi flexi loan will charge admin fee, either you take out money or fixed monthly charges.
Also, you need to ask the officer clearly how to reduce principle. If you assuming putting extra rm50 every month without informing he bank is reducing the principle, then you are wrong. Certain banks will treat this as advance payment only and serve nothing.

Ya will strive to pay off ASAP...

As for FD... kuli here.. how to have a chunk hahaha...

Anyway banks are coming back to me... now some complain my CCRIS too clean... I pay off ALL my credit card on time... I have very little loans (house paid off, 1 car paid off, new car only 50% loan so amount small). Now only I know being debt free is a problem 

All around 4.35% waive MRTA, some have 20~30% discount on Stamp Duty.. so thats about 2~3k savings.

I miss the 4.2% boat alrdy.

well not much difference since it's only the 0.2% you missed out. Probably better luck next time on the OPR rate.

Hi King,

It really depend on your preference.

If you wish to free from debts, go for lower rate which help you save up interest over 20 years.

If you wish to have prestigious enjoyment, take up the premier banking account and enjoy the privilege. After all, premier banking account has more accessibility to oversea account which provides real time monitoring. You will have a Relationship Manager to have high tea with you 

High MRTA vs low MRTA

- High MRTA provides you more coverage and longer tenure. However, you will need to pay for interests for that particular coverage period.

- Low MRTA gives you lower insurance coverage and of course interest will be lesser over that period.

Just my 2 cents

Why not ask the banker who did the loan to explain to you?