More is better? Where are you planning to make the amount appear from?

For me, I applied to multiple banks, OCBC offered 3.8% (I have no savings/FD with them currently, but years ago did) and UOB also offered 3.8% (myself and wife both had 100k in the UOB One account at time of application. Not sure if that helped (I don't think it hurt), but the loan officer did comment on the amounts, saying as soon as she saw it that she knew which promo we're taking advantage of. So they can see their own banks one at least obviously.

They can reduce the necessary MRTA though, if you justify that your existing insurance amount more than covers the loan value. Mine was cut to <2k MRTA from 20k initial offer. The interest was already 3.8% so I think not possible to cut there.

UOB and OCBC were able to offer me better than MBB (did not apply HLB). The cost of applying to more is a bit of time, the potential benefit of even a 50 basis point change in interest rate is substantial. So definitely apply to more if can.

Both offered 3.8%

I had 12 credit cards from 6 banks when I applied, no issue at all. My credit limit across the cards was multiple times my income, so utilisation obviously quite low. I had a bit of concern over the utilisation because I do play 0% balance transfer and at that point in time had roughly 30-40k in 'debt' for balance transfer, but doesn't seem to have had any real negative impact. More important (I think) is that I had (have) significant cash liquid in savings. Also that my industry is reputed as super duper stable.

Suspect need to apply again since all your documents have the exact house address/details. Small charge will apply for termination (I just terminated my loan application due to seller unable to produce title, bank's lawyer charged an abortive fee).

Best to advise you would be the loan officer who handled your loan initially.

Condolences on your personal situation. This is why generally taking a joint loan is riskier than individual loan, and normally safest with married couples (of course this can have problems as well).

Even if you take another insurance... the beneficiary is still the bank, because your estate will have to pay your debts in the event that you pass away before loan finish.

Once you took a loan, they own your assets to that amount. Insurance name whoever as beneficiary also, they don't take priority over the debt you have accumulated.

The loan officer for UOB explained to me when I asked that nominee for loan-related insurance must be the bank. However I got it reduced to very small sum because I showed that I already have my own life insurance worth roughly the total amount of loan existing. Those of course the beneficiary is my loved ones.

But larger picture, your debt to the bank lasts after you pass away, and the property belongs to the bank until paid off. When you pass away, the bill comes due and must be paid by your estate in some manner. The insurance means its paid in cash. If the insurance passes to your loved ones instead of the bank, they do not have a loan relationship with the bank and will have to either redeem the property for remainder owed or renegotiate with the bank for payment terms. Excepting joint loans of course.

Hence in my view the insurance beneficiary is always the bank as they hold the title deed. Assuming of course that you want to keep the house (which would almost always be the case for own stay).

I have another quick question - what is your expectation when you ask advise for corrupt practices on a public forum?

If everything is above board, just ask your loan officer. In fact as we always suggest here, you should apply with multiple financial institutions, so you should have a half dozen phone numbers you can whatsapp to and ask, from there can compare whether there's significant difference in rates.

But of course, if you're talking about 'duit kopi' and 'kawtim' then you're not actually asking about 'loan process'.

No one can give you confirmed answer on that. In fact the online advise (build credit score) is centered on American banking system. For Malaysian system, it seems for loan they will look more at your income level and debt servicing ratio. In the end only the bank will know, so just approach bank officer to inquire.

No difference, just walk in to the bank and ask.

Generally the house agent will also got 'recommend' contact to help you survey bank. I prefer to do my own though.

The rate depends on a few things, but as far as I can recall a primary factor is your own risk level according to bank. If you are getting 'not so good' rates it MAY be because the bank has no confidence in you. If that's the case then subsale will also have bad rates.

Pretty sure 3.8 or 3.85% should be achievable (unless you're considered higher risk customer). Have you checked with other banks? 3.95 does not seem very competitive.

Generally lower cost property higher interest rate. Where the cut off is may differ from bank to bank.

No idea as I never applied for that range of property prices. Recommend you approach all other banks (at the very least UOB OCBC) especially those who are known for slightly better rates. CIMB and Affin give horrible rates in general.

Always confused with this sort of post - the most basic thing is to approach different banks. Do ya'll just buy handphones from Samsung without comparing lazada/shopee price? Just walk in to a bank, they will treat you like a boss once you say want to apply housing loan, straight bring you to loan officer to discuss.

No matter what, at those prices the lowest rate will always be cheaper.

I can't comment on the bumi discount part.

But definitely I can comment on the name on SPA part - I took a joint loan with my wife. She has income but less than mine (can consider the loan to be achievable just by my salary alone). SPA only her name. No issue with getting financing.

However this was for subsale property and no bumi lot involved. But I guess from bank's perspective the bumi/non-bum is not an issue.