I got 3.8% offers from OCBC and UOB currently, weighing them both. HLB told me 3.85 but now appealing. Maybank told me lowest is 3.85%.

All semi-flexi, I don't see the likelihood of doing withdrawal as-and-when to be very high. If needed then I don't mind doing a bit more work for it (phone calls etc) as well as paying the fees (25 or 50 ringgit depending on bank). Lower rate saves me money directly, and money in here is not my emergency fund also.

Are you really sure? If can, surely everyone do this right.

Any costs involved to interest rate revision?

Do you know of actual successful cases?

I did submit for request interest rate revision, but subject to your existing bank policy.

A minimal costs (few hundered) for the processing/admin fee charged you.

Successful rate depends whether you hold the new offer letter from other bank. If just submit payslip/epf , unlikely the revision rate will be approved.

I proceed to refinance with another bank (as offer letter signed), given my existing bank interest rate can adjust to same rate with new bank.

3.8 lowest, congrats

Hi all would like your advice:

i have 2 same offer from HLBB and MBB,

90% loan
35 years
3.85% rate
MLTT 15 years
Full Flexi,

between the 2 which one would you choose if all are the same. and any reason why. My first and main bank acc opened was Maybank and been using it until now. never used any service from HLBB before.

wow, 3.8% is really low! may I know what’s your loan amount? did they require you to buy MRTA?

My first and main bank acc opened was Maybank and been using it until now. never used any service from HLBB before.

There you go

The one which is convenient for you to access (home branch). Since you're using Maybank already just stick with them.

Amount 738k. MRTA was really really low (one offered 2k, one offered 10k total, which means only covering a fraction of property value and short period because I explained I already have personal life insurance worth about equivalent to loaned amount).

Since you already have existing MBB, it's easier to monitor the loan in the existing account. Unless you don't mind to maintain another account and pay a little bit more

thanks for your reply! may i know which is the one offering you 3k mrta?

btw, i have just signed the loan offer letter with UOB, 330k loan amount with 3.85% interest and mrta 3.7k (the good point is the 3.7k can be fully refunded at the end of coverage period, provided i didnt make any claims during the period. the mrta covers dealth, permanent disability & terminal illness). as told by my banker, currently the bank is running a campaign to waive withdrawal fee when we wanted to withdraw the excess payment from the loan account (for semi flexi).

there are few considerations i will take into account when deciding which loan package to go for: low interest rate, no interest capping (as i wanted to settle the loan earlier), semi flexi (no need to pay set up/processing fee of RM200 & monthly maintenance fee RM10 like the full flexi loan), minimum mrta, lower total fees (SPA, loan agreement, valuation), and last but not the least, good services provided by the banker

for reference, i have also received the below offers:-
MBB - 3.9% semi flexi, mrta 1k++
PBB - 3.85% semi flexi, mrta + CI 7k
SCB - 3.9% full flexi （70% interest capping), no mrta

besides i have also shopping for other banks:-
OCBC - 3.8% with min mrta 2% of loan amount / 3.85% without mrta, semi flexi, no interest capping
RHB - lowest 3.85% semi flexi, min mrta, no interest capping
Alliance - 4.4% to 4.5%, semi flexi - 99.99% interest capping / full flexi - 75% interest capping, not sure about mrta
Hong Leong - lowest 3.9% semi flexi - 30% interest capping / full flexi - 70% interest capping, with min mrta
CIMB - lowest 4.05% (with min mrta) / 4.15% (without mrta), not sure any interest capping
HSBC - 3.85% to 4.03%, full flexi, must pay commitment fee if excess payment more than certain level of the outstanding balance, not sure about mrta
AIA - fixed rate loan, 1st to 2nd year 3.7%; 3rd to 4th year 4.15%; 5th year onwards 4.95%, no interest capping, must purchase MLTA (since AIA is insurance company), zero moving cost package available

Hi all, help needed.

Need to refinance my loan to reduce the borrower from 2 person to 1.

Can advise which bank can offer full flexi with no capping?

Thanks alot.

rhb

UOB was the one who offered 3k MRTA for me.

Hi guys,

May I know will bank reject house loan application or offer high interest rate if they know I am having MBB EzCash?
I am planning to sign up my first house that is still work-in progress.

Thanks for giving your advise.

No

Can I know does the EZCash will be counted into the DSR calculation of the bank?

No need to worry about the DSR , let the bank do their work. In fact different bank have different view of your profile, scoring and income calculation.

Recently few banks mentioned that max 10 years tenure for cash out from fully paid house for refinancing.. Anyone know if this true or which banks not yet following this directive?

Not really. I

I got reply from Maybank banker.

Refinance amount follow max tenure, but cash out part 10 years.

And need to pay 2 loan together... every month refinance installment + cashout installment.