Thanks master sifu.

Which bank can achieve the abovementioned rate ?
any recommendation ?

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.

Trying out OCBC currently. Was told 3.8% may be possible

Maybank and RHB

Look ok

Is there a generic interest rate formula for bank according to the property price bracket (prior to individualise risk assessment that determine final IR for each person)?

For instance,
Property >500k will be <4% IR
Property <500k will be >4% IR

Similar to car which has high IR for local car since it's cheaper but lower for imported car that already start with higher price..

Is this assumption true?

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

Edited

This post has been edited by raul88: Jan 25 2025, 11:56 PM

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.

Why mine rm300k rumawip w/ 80% financing (240k loan), 35 years, MRTA is almost 12k?

depends on ur MRTA coverage. For some people, the coverage is 10 years and for another is 30 years. Evidently, the longer coverage period and insured amount, the higher the premium

RumaWIP 300k house price, 100% loan HLB and Maybank saying interest rate can vary between 4.8-5.2%.. first time house/loan application, walao i didnt know so the rate so bad nowadays

Huh that's pretty high, HLB offered me 3.9% with MRTA, also first time home buyer

100% or 90%? what kind of loan (conventional, semi-flexi/flexi, etc.)

3.95% ok

80%, full flexi

RM637k, 35 years, 4.22% from PBB.

Any possibility to be offered better rate? Agents are welcomed to reach out to me.

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.

Too high