But my signed offer letter was with him and I do not know whether he has submitted my loan offer letter or not. Any impact on that?

Dear all sifus,

I've recently offered a mortgage loan of 4.40% from the following banks :
RHB (full flexi)  3.9 + 0.5%
Ambank (semi-flexi) 4.0 + 0.4%
CIMB (semi-flexi) 40 + 0.4%

all required me to sign up for 15~17 years of MRTA.

However, I didnt know much about the benchmark or service quality for each of them, having a hard time making decision now.

Therefore I would like to ask if you guys do have any recommendation or experience dealing with those banks?

There is no way we can speculate the base rate trend for each bank right?

Hi guys,

I'm new here, hope this goes through.

I have decided to refinance my house (condo) for 400k.

I want to refinance for two big reasons: 1. Consolidate all my other debts (personal loans + credit card + PTPTN); and 2. To have cash to spare.

I have applied to three banks: HSBC, AmBank and RHB. I first applied with HSBC, the loan was approved, and I have the offer letter, waiting to be signed. AmBank and RHB rejected my application because of my PTPTN loan. Only yesterday I printed out my ccris statement, and have found that the PTPTN debt is on record.

Here are my dilemmas:

1. I'm actually not sure if the HSBC loan is right for me. I would still like to shop around for other home loans and explore other possibilities with other banks.

2. I am concerned about my eligibility with other banks, and I'm afraid that I am running out of time because of that PTPTN debt. Is it possible that my loan application with HSBC was approved, and the others rejected, because at the time HSBC was reviewing my application, the PTPTN record was not yet updated on the ccris statement? The applications with the other banks were only about 2 weeks later.

I would appreciate it if anyone could advice me:

Can I afford to stall on this offer with HSBC? Will I have other chances with other banks? Do you think HSBC approved because they did not see the PTPTN in my ccris report? Or is it because they have a higher risk appetite? 

Hi all

nubie here, looking for some help. i am currently looking to purchase a property in KL. i already have one property in malaysia and one in UK(working in UK). i still hold malaysian passport but would like to know if i am considered to have 2 properties when applying for loan in Malaysia hence the bank would consider this current interest in KL property as third property and require margin of finance of 70% or am i still considered as having only one property (in Malaysia)therefore eligible for 90% mof. not very good with forums sorry if posted wrongly.

Hi all

nubie here, looking for some help. i am currently looking to purchase a property in KL. i already have one property in malaysia and one in UK(working in UK). i still hold malaysian passport but would like to know if i am considered to have 2 properties when applying for loan in Malaysia hence the bank would consider this current interest in KL property as third property and require margin of finance of 70% or am i still considered as having only one property (in Malaysia)therefore eligible for 90% mof. not very good with forums sorry if posted wrongly.

Hi Madgenius and Lifebalance,

Thanks for your replies. Really appreciate it.

In response to your points:

1. I actually plan on going to PTPTN today and talk about restructuring my loan. I have heard from some bank salespersons (Maybank and Bank Islam), the banks, can agree to approve my loan for as long as before disbursement of cash, they will actually pay off the PTPTN debt for me. Have you heard of that? And how does that actually work?

2. Yes, I did apply before 10th March. How unfortunate that this should happen in the midst of me applying the loan. It really makes me feel trapped that I am stuck with HSBC, of which I am having second thoughts about.

3. What are the terms you would like to know? It's a 400k fully flexi loan. At an interest charge of 4.75%, 35 years, RM1955 a month, 0 moving costs. If this fully flexi feature really is what it claims to be, I think I can leave cash reserves of about 50k in the special facility account for the whole tenure. That is probably slightly better than getting a 400k loan with "fixed interest" 4.45% which some banks are offering. Am I right?

4. You think I should give it a go? I'm sorry, but as of right now, I'm a bit paranoid. If I miss this "deadline" with HSBC of signing the offer letter, what if I can no longer get a loan because of this PTPTN ghost haunting me?

5. I guess I'll find out more today.

Thanks for your time, really appreciate it.

Good morning,
Currently I’m serving a loan with SCB (RM330K). I’m planning to refinance the house to cash out RM200K for renovation.

Should I go for refinance with other bank for better rates or asking SCB to top up the loan amount?

I was told by my colleagues who’s active in property field saying bank Negara already set a new rule on re-financing whereby the maximum payback period is 10 years, it’s true?

Hi Keith,

As above case, is it possible to lower down monthly installment by pump in 300K instead of reducing the loan tenure?

Hi all,

I've been told that April is the month that could trigger changes on the base rate, is there any portal I can inquiry about the new rate? (in any)

Usually how long each bank would take to announce their new rate?

Hi all,

I've been told that April is the month that could trigger changes on the base rate, is there any portal I can inquiry about the new rate? (in any)

Usually how long each bank would take to announce their new rate?

Yesterday and today's newspaper also highlight that CTOS will be review for loan application process.

Hi All,

Need your kind advice here.

Was those 0% EPP monthly installment being included when calculating the DSR?

If yes, how was the calculation looks? 100% of the installments as per car/mortgage loan? Tot the just 1year, will they actually consider it or just ignore it?

Thanks, but how does it looks like?

Say I bought a 12k sofa, and convert it to 12months 0% EPP, hence 1k per month.

So when come to DSR calculation, it will only take 5% of the 1k, i.e RM50?

Same calculations for all banks?

But mortgage and car loans, it took 100% of these monthly amount?

I see.. but as we pay over the time, say after 6 months then left 6k to be paid in 6months, they still taking 12k or 6k?

I see, how about the treatment for cash loan of credit card?

It is something like we withdraw $$ from credit card but then it reduced your credit limit and need to pay certain % interest upfront. Then one will see his credit limit drop based on the amount withdrew n increase slowly every month for the instalment made until fully paid within the agreed period.

So still 5% of o/s loan, instead of not 100% of the installment like car loan commitment?

Loan rate now 4.65, after BLR -2.2
Loan balance around 344k

How much max can i refinance? Cash out only for 10 years is it?

P/s-Sorry overlook your post

Let's say I am looking for 500k refinance, will i pass the bank DSR requirement? I don't have any SOCSO, EPF since i choose pension option with the government, only pay tax PCB. And I only plan to refinance until my age 60, which is 24 years