What is your estimated total cost for refinancing ? How much loan for refinancing ?

This post has been edited by mini orchard: Dec 18 2022, 09:38 PM

I cant comment on each bank tnc of the Loan Agreement. Best to call your bank. However ....

You can check your monthly interest payable calculation whether it takes into account of the extra payment.

(Total Loan Amt Disbursed - prepayment) x interest % ÷ 365 x 30 or 31 days. If Oct, then 31 days, If Nov, then 30 days.

This post has been edited by mini orchard: Dec 19 2022, 03:32 PM

If your intention is to settle tbe loan earliest possible, why is it a problem to pay the 1k instalment ?

Paying 1k now will shorten the tenure by 50% and isnt that you wanted ?

No.

You keep paying the 1k until such time your account will show a credit balance.

When that happens, it will trigger an early settlement signal and the bank will contact you or vice versa and the account will be closed.

It will be definite less than the full tenure.

Islamic loan no full flexi.

Banks cannot package two similar products with the same tnc. At the end, profit matters. Profit margin is fix because the fund pool is the same.

If you want full flexi terms, go for conventional.

Dont borrow more than what is necessary eventhough interest is low.

Giving you an honest answer ....

In the opinion of PBB, you are high risk borrower.

Instead of pbb rejecting your loan, they let you decide.

This post has been edited by mini orchard: Dec 27 2022, 09:47 PM

Is the correct procedure for buying rsku.

Even for subsale, a buyer should check ahead whether he qualify for loan and how much b4 searching for property.

This post has been edited by mini orchard: Dec 27 2022, 11:06 PM

I dont know why you are upset with pbb as though you are desperate in need its services. If you want to shame them in public, is not gonna to work. It will cont to be the top 3 banks choices for loans.

Experienced borrowers and those with lesser qualifications will know which bank to approach when applying for loans and they dont waste time with certain banks.

If you think is funny, try giving out loans to your friends without questions.

Lousy borrowers are many in the market. Your situation is not the first and last if you read this thread from post #1.

Just go with any bank you are happy.

You can 'share' your funny story without providing names. If you provide name, is shaming !

This post has been edited by mini orchard: Dec 28 2022, 09:07 AM

Bank gives, take la

There are no banks having a almost similar lending terms, otherwise there is no need for borrowers to do 'shopping'

This post has been edited by mini orchard: Dec 29 2022, 04:21 PM

Time is difficult. The loan.officer is trying to earn few ringgit commission. If he oredi provide a good service, no harm helping him. Can always terminate after a year.

If indeed his service is lousy, you wont sign up the loan.

If course what he did is wrong to forged the signature.

Is not difficult to find out ... just apply the three banks.

You can estimate your own loan eligibility based on the loan calculator in your link.

From there, you know how much property price you can afford. You can also look for better property if you have more savings ... meaning you dont require more loan than what you required to purchase the property.

Pre approval or own estimation is subject to official submission.

Do take mote that your purchasre price may not be equal to the bank valuer figure. In the event it is less, then borrower will be offered a lower loan sum and to self pay the balance.to the seller over and above the deposit paid.

Finally, seller is not obligied to sell based on bank valuer price. Is your negotiation ability and how you personally valued the property.

Firstly, the land must have a title for a financing. Tanah lot for eg dont qualify.

Once the construction completed and with CF, owner can refinance the house ... meaning terminate the term loan and apply for housing loan. Bank will charge based on housing loan interest.

This post has been edited by mini orchard: Dec 31 2022, 10:01 AM

I believed those are routine questions based on their sop to fill in the assessment form to their credit evaluation centre.

As for mrta, I suggest you go for mlta, which is a yearly payment similar to life insurance. Once you settle the loan, the mlta still runs and you can use it to cover the next property purchase or treat it as a life policy.

When buying mlta, buy more than 100k and within your premium affordability because your next property loan may be more than that. Premium today is cheaper compared to say 5 years later due to age factor and health screening factor because insurance dont like new 'sick' customers.

However, since your loan sum is small, check with the bank whether is a condition to approve the loan or they allow to buy mlta separately.

This post has been edited by mini orchard: Jan 4 2023, 03:45 PM

Whether is cash or cheque or online transfer, your employer should be able to issue the monthly salary slip showing epf, socso and pcb deductions.

Unless you are not telling the entire story.

Up to 900k with a estimate monthly repayment of 3.8k