Financing amount is RM677,628. But is it normal got difference 1st year and 2nd year onwards?

hongleong bank mgplus housing loan fully flexi.

i checked the statement, hlb released some amount to developer. and i have enough balance in the linked current account.

why hongleong bank still bill me the housing loan interests?

anyone can explain how it works?

For sharing purpose, I applied hlb pbb mbb for 810k loan with 35 years tenure, successfully appeal for better tier, the rate as follow (I applied just week ago)

Hlb 3.65%
No insurance but 70% capping
Full flexi

Pbb 3.65%
Min mrta rm1250
Semi flexi

Mbb 3.75%
Min mrta 1500
Full flexi

Rhb 3.8%
No insurance
Full flexi

Yes,no insurance coverage, no MLTA/MRTA. Imo better go for life insurance if you wan to protect yourself. MRTA in the end will have 0 value and MLTA is very expensive

Loan for Land.. Which bank offer a better rate ?  Anyone can share ?

thanks

Guys seriously I have a  complicated question on HLB loan, it is about the capping 70% issue.
Let say my loan is 100k, I chose full flexi thus attached with current account. Ok here is the question,

If I have 100k in my current account, meaning that my 70k will help me to save interest but 30k serve no purpose right? My banker called me, he told me the 30k I can pay off principal to reduce my outstanding amount to 70k so i can fully enjoy the savings in interest.

However, I read the terms and conditions in the letter offer, it stated that the 70% capping is applied to the OUTSTANDING BALANCE but not LOAN AMOUNT, isn't that the 70% of the loan become 49k (70% of 70k) ? So the 30% of the outstanding amount is 21k still chargeable for interest. Correct?

Any sifus know the answer for this? Because the banker claimed that I can enjoy 0 interest while I arrange 70k in current account and 30k to pay off principal.

Really a very tricky question as I already asked many times and checked many times. Seriously i also confused

Need to get some opinion on whether to do refinance or not.
Loan rates is 3.91 with ocbc
Remaining loan are 400k

I browse some current rates and get result of lowest 3.85 / 3.65. Which to my understand would not save much in interest.

Assume that I do not need extra moment for now and that means if refinance that would be balance loan.

ocbc in past few years have / increased somewhat higher  rates compare to other local bank such as PBB/etc

So my dilemma are should I go refinance to local banks such as MBB or PBB??

Hi Sifu, I would like to find out if there is better full flexi other than HongLeong Mortgage plus. The reason is HongLeong Mortgage plus is only 70% off set, I am looking like 100% off set. Many thanks

Hi I was offered (Loan amount = ~700K with MRTA included)
- UOB (3.25%, inc. MRTA, Tenure=30y).
- Affin (3.30%(House), Tenure=30y + 3.37%(MRTA), Tenure=10y).

Which one is a better deal a? I calculated the total repayment, Affin is 10K lesser.

Hi I was offered (Loan amount = ~700K with MRTA included)
- UOB (3.25%, inc. MRTA, Tenure=30y).
- Affin (3.30%(House), Tenure=30y + 3.37%(MRTA), Tenure=10y).

Which one is a better deal a? I calculated the total repayment, Affin is 10K lesser.

After 1 year of being on my Maybank loan it's apparently a semi-flexi account. Do you guys think I can make it into a Flexi account?

Ultimately the only difference I see is that if it's a full flexi account is that I would have another current account that works like a bank account. I would prefer that at least I can just make that my normal bank account and would automatically just save me interest rates on my loan while also showing proof of savings.

With my current semi-flexi loan if i need to pull a bank statement my savings account would have lots of deductions because I pile them all in my loan account.

What do you guys think?

Hi all,

1. Would like to ask, if all else being equal, which of the following offer is better?
a. BR 2.27% + 0.63% = 2.9%
b. BR 2.5% + 0.4% = 2.9%

2. If OPR normalizes, the BR for both offers will increase accordingly and hence the effective interest rate will likely remain the same?