may i know transfer and gadaian is MOT? my friend told me after get house key need ask lawyer do this...

yes im buying from developers, so the process is called MOT?

Hi All Sifus.

Newbie here. Need some guidance on the loan package offer for first house.

MBB
Loan Amount: 300k
MRTA: 3198 Covering 300k for 10 yr
Tenure: 35 yr
Rate:3.9%
Installment: 1324.35

PBB
Loan: 300k
OLDTA: 5105 (Self Finance) Covering 80k for 35 yr
Tenure: 35 yr
Rate: 3.30(first yr) 3.85(second yr and thereafter)
For PBB, currently my agent told me that I can take additional 220k coverage insurance with yearly premium of around 3k. Would like to ask if there a must to buy this additional insurance to cover the remaining 220k or i can just stick with the 80k coverage.

Also which offer is more recommended.

Thanks in advance.

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?

I take my loan on year 2021, interest that time 2.92, during interest rate changes period ,  no changes on my instalment amount. Only until recent interest down to 3.93 from 4.18 but instalment amount remain , then later this RM300 increase start Sep.

I try to googled but only found step up loan meaning but no adjustment.

Mind to share what does it mean ?
And this will happen based on interest rate up down in future?
Or it will happen definitely (more in future) regardless interest up down?

Thanks

Thank for the info.

In my case , start with 527k(90%) with 2.92% on year 2021, monthly installment is 2k during that time with full flexi, only started to pay full amount on mid year 2024 which it still remain the same and only increased recently.

Possible somehow maybe the installment amount does not match with loan amount, so the installment adjustment? (Just my guess)

I just wonder if the amount will increase let say after 5 years to 2.6k from 2.3k.

Anyway I will check with HLB next morning.

Finally received PBB / PIBB Notice of Revision of Monthly Instalment Amount

Very suprised that the instalment amount is reduced by slightly over 25% too. I thought just few ringgits.

With effect from 01/10/25 and existing loan tenure remains unchanged

Hello all, my girlfriend is buying her first house, this sales gallery person who's working for the developer is helping to sort out the documents and stuff, but he mentioned that for HLB, they can only loan up to 80% as they got caught giving out rebates in the past, Public bank as well, is this true or just some agent bullshit ?

the thing is almost all new launches gives rebates to reduce the downpayment and entices new buyers. The banks know of its existant but choose to close one eye as it gives them more loans aka more money to them.

Why would the banks investigate to find out rebates are given?

I know for MRTA, the entire premium for the duration is usually priced into the loan. How does it work for MLTA? Same?