@Madgeniusfigo, thanks for your information.

So Spread Rate will be a fixed rate throughout the loan tenure.

Dear,

Yes. You are right.

I would suggest you to do some reading from the following thread:
https://forum.lowyat.net/topic/3431604/+260#bottom

Some information given here are somewhat inaccurate.

This post has been edited by Jasoncat: Mar 25 2016, 12:49 PM

This post has been edited by lifebalance: Mar 25 2016, 12:32 PM


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The spread is fixed throughput the loan tenure unless there is default or delayed payment then there will be default / late interest levied.

If there is no change to the borrower's credit profile, the bank cannot simply revise the spread notwithstanding the fine print in the letter of offer or facility agreement

This post has been edited by Jasoncat: Mar 25 2016, 01:01 PM

- duplicate -

This post has been edited by Jasoncat: Mar 25 2016, 01:01 PM

Yeap you're right. It will increase in the event of default or late in payment

QUOTE(lifebalance @ Mar 25 2016, 12:29 PM)

Dear,

Yes, This I agree.

Actually there are clauses in the Loan Agreement that allows the Bank to increase the spread at any time without assigning any reason.

Yeap different banks comes with different clause therefore I don't want clients to misunderstand on that part

The small fine print in the LO or FA granted the bank's right to do so (and in fact many things the bank can do under the watertight terms and conditions) but it is very unlikely to happen and in this particular case about the revision of pricing spread (if no sign of deterioration in the credit standing of the borrower) it is against the BNM Reference Rate Framework.

Good morning all sifus, I'm buying a house of value 790k. My net income is RM 9990 (13,250 gross), and travel / food are covered by company allowances.

Monthly commitments: NONE.

Looking for 90% loan for 35 years.

From your experiences what are the rates that I might be getting? Thanks!

Hisouthminor

You're qualified for 1.7mil loan.

Interest rate would be around 4.4% - 4.45% on the lowest rate right now.

Do you happen to have any credit card facilities atleast ? as this will affect your credit scoring.

Do let me know if you want me to process ur loan

Yes, I have credit card, but all bills are paid one time, hence no debt. Do you have a number that I can contact?

Thanks.

My contact is 016 332 3290 Keith

That's good. Atleast the banks will be able to see on-going repayment history, I would say your chances are high

This post has been edited by lifebalance: Mar 26 2016, 02:24 PM

Dear @southminor,

Dear,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
AMBANK 1,350,358.33
HONG LEONG 1,639,720.83
MAYBANK 1,350,358.33
OCBC 1,543,266.67
RHB 1,639,720.83
UOB 1,350,358.33
CIMB 1,350,358.33
AFFIN -

1a. Rate would be 4.35-4.5% range. Rates are based on your profile, hence I can't promised you an exact figure.

2. The best bank to get the highest loan would be HLBB and RHB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

3. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

3b. since you have credit card, at least your ccris isn't clean, there's sstill chances for 90% loan. May I know how long have you been owning credit card?

4. If you need my help, do feel free to contact me. I will be all ears in guiding you towards this rough path.

5. I have wrote some articles that help guide first time home buyer to get housing loan, feel free to read it at below link:
5 Tips for employee to prepare for loan application

Recently I just changed job, still under probation period.
Can I apply for housing loan?

Can apply, just provide new letter offer and the previous company 3 months payslip

I have a friend who getting house loan.

Loan amount RM800k, but he is getting about RM300k cash next year after his project done. So question is, can he loan RM800k first and adjust the rate lower by putting RM300k cash into the pool of loan next year?

Some recommend him to get semi flexi loan but basic loan has lower rate right?

Guys, please advise.

Your friend can loan the 800k first and then use the 300k to reduce the interest by putting into the loan account to offset the principal amount.

Semi flexi or full flexi is okay as long as the account gives you the flxibility to withdraw. Let me know if your friend would like me to help him to apply the loan.