Hi all sifus,

My bf has a house loan with balance of 300k, the interest rate is at BLR-1.95 ( so is 4.9?).
we are thinking to request the interest rate to be reduce since the economy is not that good. May i know what are the chances we can get a lower rate? Can any sifu enlighten us on this?..it is a flexi package, left around 25 years.

Thanks in advance.

NO need to write letter, just bring yourself to the branch and ask for it.

Was about to ask this same exact question. I'm also considering these 2 banks (RHB & MBB) which both approved at 4.40.
Any sifu would like to add more input as to which bank is more preferable in my case.

Dear all,

In terms of services,excellent online banking
MBB = 3.2+1.25
PBB  = 3.65+0.8

MBB MRTA expensive than PBB about 400.00 with same years of coverage

which i should choose for above bank?

Try Mbsb heard that they give 85%-90% for third house but rate may not favourable.

Cimb can get 4.4 with mrta at least 2.5% of the loan amount. I was told.

with mrta, loan 640k
no response from maybank as well for me, banker seems not interested

bump on my query...anyone that may know anything from personal experience or others'?
haven't seen any replies related to this question...

Thanks a bunch

Hi,i'm planning to buy a property for investment, priced at 665k..so far rhb offered full flexi Islamic with effective rate of 4.3% with 90% mof.other condition is lock in period 3 yrs,ceiling rate of 10.25%..my questions r
1)is it good deal?
2)if I want to sell the property after 7-10 yrs,is it better to take Islamic or conventional loan?
3)is there any limit on the interest saving if we put extra money in the flexi account?
Tq

can i check: what is the absolute lowest interest a bank would be willing to give for a 100% secure loan that can be backed up with 400% collateral (i.e. financing of just 25% of the house value)?

collateral = house, i think every bank likes and expects it.

I am looking to refinance a landed residential property that is valued at about RM700k. Loan amount would be RM500k. So far i have only approached HLBB and they verbally offered 4.55%. My CTOS/CCRIS records should be clean. On top of that, i have an existing mortgage loan - the outstanding balance is RM150k at the rate of BLR-2.25%.

1. Is the rate from HLBB good enough? Should i approach other banks as well? If yes, which banks are recommended?
2. I suppose it makes sense to settle the outstanding balance of RM150k with the loan amount. What are the common T&Cs and costs i should be aware of?
3. If i do not have a lot of idle cash lying around, should i still go for full flexi loan? If i go for term loan, would the interest rate be lower?

Evan,

Thanks for the advice.

Another question I have is if loan for service apartment considered as residential property for loan?

Hi Evan,

Can asses how much loan my joint application can borrow?

Applicant 1 :

Gross income: 4200
Net after EPF: 3700

Commitment :
car : 550
asb loan: 110
ptptn: 180
credit card: balance 7000

Applicant 2 :

Gross income: 4500
Net after EPF,etc: 3700

Commitment:
car: 450
credit card: balance 11000

And do you feel that our cc balance is high and will make loan reject?

Thanks

Dear Sifus sekalian...

Will balance transfer paint a bad pic to my CCRIS rating?

Dear sifus,

Just wondering something, me and my partner wanna joint apply for housing loan. Property price = 767k, loan amount about 691k. Our gross income is about 8k, while my commitments include car loan = 670, personal loan = 600 and cc balance almost 1k. My partner currently no monthly commitments other than cc usage maybe about 500 a month.

Will there be any problems to get the loan approved?

You mean for housing loan calculation credit cards credit limit is taken into account?

Does this apply even if I pay full amount every month?

Hi there,

if i have refinanced my house, what will happened to my existing fire insurance?

Hi Boss,

What about MRTT ? whats the difference between MRTA and MRTT ?

Hello all
Who will bear the cost for valuation fees?
Buyer or bank?
Thx in advance