May I know who is offering 2.8% interest?

Also, my 100% loan is 3.0%, is that considered bad? I did get offer for 2.89% (UOB) and 2.90% (PBB), but I went with the 3.00% loan (RHB) as it was a 100% loan.

This post has been edited by contestchris: Oct 26 2021, 10:16 AM

What is the lowest rates currently? 2.90? 2.80%? Or even lower?

Is 3.0% for a HL considered "too high", or is it acceptable?

This was with minimal MRTA (only RM6k for a 470k loan) and with a 100% financing scheme.

My best offer at the time for a conventional 90% loan was 2.89% with UOB and 2.90% with Public Bank

If the offer letter clearly states it, you need to.

My HL with RHB says "you are encouraged to maintain an individual or joint savings account to execute a standing instruction". But the banker still make me open a savings account all the same.

If you are worried of incurring unnecessary fees, MAKE SURE to open a BASIC SAVINGS ACCOUNT 1 (i.e. savings account with ZERO annual fees).

Then you just need to transfer RMx,xxx to that account every month. SI will auto deduct from there.

Basically, with the SI and zero annual fees basic savings account, there will be no different than you transfer directly into the loan account.

This was the same case for me. I also got 100% loan at 3.0%, and offers for 90% loan at 2.89% and 2.9% respectively.

Went with 100% loan at 3.0% due to the relatively low interest rate environment at present, even though I had the 10% needed for downpayment.

Ultimately, it all depends on you. If you have the cash, do you have avenues to put it to work to yield higher than 3% p.a.? If yes, go for 100%, otherwise take the 90% and pay a downpayment.

Remember, for a 100% loan at 3%, you are getting a rate of 2.9% for the first 90% of loan amount, and 3.85% for the remaining 10%. So your actual cost of funding for the final 10% loan amount is 3.85%, when compared to the alternative.

Also, which bank is offering you 3.0% at 100% loan? Mine was RHB

Subsale can partial disbursement meh?

They are exactly correct. It's just simple mathematics. It's a damn calculator.

No this is a 100% loan, it's as good as it gets. Before OPR rise mine approved at 3.00%.

Is this before or after taking into account opr hike? If after, its very good. Mine approved at 3.00% for 100% loan from RHB before hike

I have a basic RHB My1st Home Loan. This was a 100% loan.

How can I check if there is any lock-in period or early settlement penalty? I am reading through the LO but can't seem to find these anywhere. I find it hard to believe there are no such provisions protecting the bank for my loan.

Also, can anyone explain the two terms, lock-in period and early settlement penalty?

Thanks!

Is it true that for loan below RM500k, you will not get as good a rate as loan above RM500k?

E.g. I see people can get rates of under 3.6% but my loan RM420k and best offer is 3.64% on the basis of lower loan amount despite my repayment capacity is ample.

Roughly, yes possible

No, unless it is clearly stated in the product or offer T&C.

Most often, it is not stated. If the banker insist and you memang don’t want, threaten to report to BNM if they still sign up for you.

Last time my RHB HL I already told don’t want, explicitly didn’t sign the credit card form, yet a few weeks later I got 2 cards. I complained to BNM cc RHB claiming signature forged by the banker, eventually that bankers boss called to say sorry.

This post has been edited by contestchris: Dec 29 2022, 05:19 PM

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

100% loan from RHB under SRP

Assuming a person with exceptionally healthy credit profile and ample DSR room.

If he takes a 90% loan for Prop A amounting to RM450k and a 90% loan for Prop B amounting to RM950k...is it true that all else being equal, he will get a lower financing rate for Prop B compared to Prop A? How much % difference? Why?

What's the current indicative rates for the following:

RM500k subsale property
90% margin of finance at RM450k
Monthly commitment ~RM3k, net salary ~RM10k
2nd property
Clean CCRIS

Appreciate some indicative rates from a few banks.

Got such thing meh?

Final month settlement usually takes care of the disparity, no?

Can you receive MRTA claim after loan settlement

The following is stated in the MRTA T&Cs:




So if I died after the settlement of the loan but within the original term of the MRTA (and I did not surrender the policy), will my family receive the "Applicable Sum Assured"? Or will it go to the bank (i.e. policy owner)?

What's the absolute lowest rate in the market for 35-year, RM800k loan for someone with a favourable profile?