You have comprehension problem

lol receive offer from cimb, 4.25 crazy.

hlb offer 3.85%. this was last month.

I stopped replying him since his last reply to us using the word CHEAPSKATE when in reality, he never knows how much we all worth.

CIMB has been 'famous' with high interest rate, similar with Ambank. The only time i saw ambank offering lowest rate in market was back in Q4 2024. They offered some client 3.70% for a loan of >RM 1mil. But that's really exceptional case and reserve for HNW clients. I doubt they still have such rate now..

Current market 3.85% should be the highest consumer can accept. Anything more than that, please negotiate with the bank or try other bank. IINM , MBB rate macam increase back to 3.90% lowest, hardly see any 3.85%.

If your loan amount is > RM 500K, it's worth considering UOB, PBB, HLB (I believe HLB can go 3.80%, just depends on the banker willing to cut commission or not.). If you dont mind slightly slower approval, you can look into OCBC as well. They offering lowest 3.80% too.

This post has been edited by LazyKurosaki: Jun 28 2025, 02:45 PM

First off, apologies for being rude, and being out of line calling people "cheapskate". Truly am sorry.

I started the conversation being civil, asking what I thought was a genuine question on if any other bank's are like CIMB's Home Flexi (full flexi), but responses I get makes me feel... inferior, honestly.

Appreciate Rinth's sample computation of how RHB and PBB's full flexi housing loan works. I fully understand that concept, but that is not what CIMB's Home Flexi is.

At the risk of repeating myself, here are some of the features of CIMB Home Flexi:
- Advance payments into the current account will only reduce the principal for computing the daily interest purpose only. If you withdraw the amount again, the interest portion will increase accordingly.
- As such, the monthly installment hence will reduce, ie: principal paid will follow the schedule; interest will be based on the month's computation (after deducting loan amount with advanced payment amount).
- The advance payment can withdraw anytime, just like any other CA. Monthly maintenance fee of RM10. If advance payment amount more than 30% of the loan amount, an additional RM40 fee is charged

If you'll allow me to improve myself, can you let me know where did I do/understand wrong (apart from the calling ppl "cheapskate" which I know is uncalled for. Apologies for that.)

I apologise again. Of course I know tons of people's NW are more than mine, I'm B40 probably anyways. I just wanted to know all of the options available out there and it seems like CIMB's Home Flexi is unique. I was told by the banker MBB's Semi Flexi can have the same features, but its a Semi Flexi loan, withdrawals are RM30/transaction, etc.

Less of the cash flow is being deducted for monthly payments for you to use for other things, if required. Just that it won't reduce tenure at all, unlike others' Full Flexi.

Understand for CIMB's high interest hence that's why I didn't proceed and also why I'm asking for other bank's here. Just for comparison's sake, I was quoted 4.15% for CIMB's Home Flexi loan. I got offers from MBB 3.85% (Semi Flexi), RHB 3.85% (Full Flexi), PBB 3.3% (first yr); 3.80% (subsequent).

Applied loans with RHB, Hong Leong and MBB. Got the same offer 3.8% from all banks. Looks like 3.8% is the lowest they can go for now.

your 3.8 is for loan more than 500k or less than 500k?

>500K. RM790K to be exact

This post has been edited by Mixxomon: Jul 1 2025, 01:14 PM

Then it makes sense. That is the lowest you can get in the market right now. If below 500K, expect the interest to be at a steady 3.9%.

What kind of loan is it ?
Term loan, Semi-Flexi, Full-Flexi ?

Semi-Flexi and Full Flexi. Need to pair with MRTA/MLTA

This post has been edited by Mixxomon: Jul 1 2025, 02:37 PM

3.8% is good rate. heard blr will go down again

ya. With so many taxes introduced and subsidy cuts coming, Gov will have to ramp up the economy by cutting down interest. I predict end of the year once they know what that Trump guy is exactly up to with his tariff.

This post has been edited by Mixxomon: Jul 7 2025, 09:03 AM

Any idea on the mortgage amount? I see my account online , the interest rate shows a lower rate but installment amount still the same

Shouldn't it show a lower amount also then ?

Thanks for ur advise

Diff bank diff threshold for auto adjustment of monthly installment amount.

If the instalment didn’t increase when your OPR increase last time, don’t expect it to decrease this time.

Any loan officer other than rhb here?

It will be adjusted lower but only after you've made payment. I assume you have not had a payment due since the OPR reduction yet? Need to wait for that to be settled. But not to worry, backend calculated since the day the bank announced the rate revision, either 1 or 2 days after BNM announcement.

hi sifu here, i have housing loan from MBB is BFR -2.4% since 2011 (loan RM467K). currently monthly instalment is RM2,178.if i want to convert to OPR-based financing, my instalment will be slightly lower?

When the OPR was last raised in early May 2023, I received an email in late May 2023 from my bank about installments revision. New installment amount were to start on 1/9/2023.

In this latest OPR reduction, I see my interest rate has dropped by 0.25% too but I have yet to receive notification on revised installment amount yet. But it should be ok as what matters to me is the lower interest rate.

hope another reduction soon

Recently applied for loan offered 3.53% 35 years tenure. Semi-flexi. Loan 1mil. Wondering what is the lowest rate thus far?