refinance ?

Ya

Dear all, AFAIK, we appeal for lower interest when our loan is approved. Apparently it's sort of "SOP" when it comes to home loan.

I had a discussion with CIMB loan officer. She said to appeal for lower interest, borrowers need to become preferred customers in order to get the interest lowered by 0.15%. Else, we must take the offered interest rate if we take up the loan - no grounds appeal.

Anyone has similar experience? Or I kena goreng, in order for her to get credit for introducing people to become preferred customers?

Normal. Banks usually will offer slightly better rates if you take some of the product like Credit Card, MRTA/MLTA bla bla.
But in truth it's not tied to the contract. You can just cancel the credit card once your loan agreement signed.

For those with Public Bank housing loan, has the bank adjusted your monthly payment due to the change in OPR?

Not yet received any email.

In the previous adjustment (OPR increased) a few years ago, iirc I received email in May stating the installment amount would be increased in Sept.

Mbb reflected new installment amt

This post has been edited by ed1torz: Aug 9 2025, 11:47 PM

New interest rate or new installment amount?

New installment amt

My instalment also reflects the new rate for this month's instalment, MBB as well.

yes, reduce rm30

I’m with PBB too, due on 19th but so far no letter arrived for the revision of new instalment amount.

latest loan offers received

RM600k
33 years

1st Round
RHB - 3.55%, MRTT 16k (said need minimum 2.5% of premium coverage to get this interest rate), full flexi
PBB - 3.55%, MRTT 6k, semi flexi
MBB - 3.6%, MRTT 10k, semi flexi

I then asked all banks to appeal further to get lower monthly instalment.

2nd Round
RHB - no change from previous offer, but they gave alternative to waive MRTA but with higher interest rate 3.65%
PBB - no change from previous offer.
MBB - no change from previous offer.

In the end I chose PBB.

my conclusion:
1. lowest interest rate so far is 3.55%
2. just because you have a lot of facilities with a bank it doesn't mean they will give you the best offer. I have credit cards, hire purchase, mortgage & salary deposit with MBB but their offer is the worst among all banks. contradicts with my experience last year.

Good deal

You were not goreng-ed, some banks give preferential package to priority banking/private banking/HNW clients, which can come in lower rate, higher principal offset (flexi loan), higher DSR and etc.

Appeal for what exactly? 3.55% is already the lowest. Alliance can go down to 3.53%, but the MRTA requirement is far higher than Maybank and Public Bank

thanks for answering your own question

Hi, I received email from HLB with new installment amount starting in September.

want to ask, the new amount increase RM300 from my original amount, is this normal?

When did you take your loan?

During the end of the Covid era, did you adjust your monthly repayments higher as the interest rates increased?

Did you apply for any moratorium etc?

If you followed every single interest rate adjustment to your loan period (higher and lower), then logically your interest rate should decrease.

It increasing by RM300 means likely you have erred somewhere. The bank is unlikely to make any mistake

Step-up loan adjustment.