Hi dear,

1. Go to ptptn and tell them you wanna restructure your ptptn loan and get a restructure letter if it to prove to bank

2. After you restructure, your CCRIS will be updated after 1-2weeks

CHEERS

Hi dear,

Sometimes its just bank itself tighten the pipe and to secure themselves.

CHEERS 

cancellation fees, default interest, prepayment penalty.

perhaps this will help you to make a better decision?

only two reasons, i guess:
he met a non professional banker who didn't explained clearly or
applicant self interpret   

Your PBB loan is priced at 3.65% (BR) + 0.80% (Spread) with effective rate of 4.45%.  With the BR revised to 3.75%, your effective lending rate won't be 4.45% any more.  Instead it will be revised up accordingly to 4.55% - unless you are telling me that PBB change the spread lower by 10 bps to 0.70%, hence 4.45% but I don't think this is the case.

You have to understand that the loan spread varies according to customer's profile, among other factors.  The spread of 0.70%, hence effective lending rate of 4.45% as illustrated in the doc you shared is based on the scenario of 30-year loan of RM350k granted to customer with good credit profile.

Also please bear in mind that once you have accepted the bank's offer the spread will be fixed throughout the loan tenure (unless there is deterioration in credit profile).

Hi all sifus,

Gonna be paying for my first month home loan installment soon, so my question is,

Will the monthly payment for interest exceed the expected monthly payment when signing the loan agreement at any point of time?

As we know, when we start paying we will only be paying off the interest for at least few years until construction is completed.

And when developer claim different amount from bank during different phase of development, the amount to be paid monthly also will fluctuate.

So if my monthly payment in loan agreement is RM 2K, will there be any point of time during the first few years of payment that the amount I need to pay will exceed RM 2K?

Sorru for long post, first time paying private home loan.

Thanks in advance.