Nope they can adjust the base rate anytime. For example if the opr increases or decreases.

For Hong Leong home loan, is there any way to check my effective interest rate online now?

Most banks have already revised their base rates. best to check with your individual banks. Or you can check out the link below.

http://www.bnm.gov.my/index.php?ch=en_anno...t&ac=19&bb=file

I would go for the PBB one as it offers lower rate.

Full flexi with no cap? I don’t think any bank has that. I have full flexi with hlb and is capped at 70%.

I think it’s best to check with respective banks as they have different ways of doing it. For Hong Leong it is manual over the counter, and there will be a fee for each withdrawal, RM50 if I am not mistaken.

I almost fall for it. Bankers will just slip one of the cc application forms when you are signing for the loan agreement. Be vigilant.

You can only go to the panel banks for the developer as loan officer already have property details from developer, usually the rates will be more favorable.

Also, some properties only give FOC loan agreement but this must be done with panel banks.

1. I don't think so. You might need to refinance if you wish to do so. I am not very sure about this.

2. For full flexi loan, usually there is a current account linked to your loan account. You can deposit money into your current account to save on your interest. However, usually there is a cap to to it and it varies from bank to bank. For Hong Leong it is 70%, not sure about SC.

Thanks for sharing. Guess the practice differs from bank to bank.

Check if your property is under HOC, if yes talk to your developer before you sign the SPA.

Exemption Period
Subject to Stamp Duty (Exemption) (No. 2) Order 2019 gazetted vide P.U. (A) 81 on 19 March 2019 and Stamp Duty (Exemption) (No. 3) Order 2019 gazetted vide P.U. (A) 82 on 19 March 2019, stamp duty exemptions are given for residential properties which are sold during the period between 1 January 2019 to 31 December 2019.

Eligibility for Exemption
Only ‘residential properties’, defined as houses, condominium units, apartments and flats including service apartments built and used as dwelling houses – with valid Developer’s Licence (DL) and Advertisement and Sale Permit (AP) or CCC (where applicable) are eligible to register, all other property types are not included in this exercise;
The service apartment must be for residential use only and cannot be converted for commercial activities;
Property price : RM300,001 to RM2.5 million (before discount);
It must be a sale from a developer to a purchaser or co-purchasers, all of whom are Malaysian citizens;
The stamp duty exemptions are applicable for the purchase of residential unit/s for Sale & Purchase Agreement executed between 1 January 2019 to 30 June 2019;

This post has been edited by coolguy99: Jul 17 2019, 12:31 AM

I would go for mbb as the rate and mrta is lowest.

HL MBB PBB try these.

Is this new launch? Normally I will just place booking fees, then apply for loan, if loan reject, then you get back the booking fees - any processing fees.

Suggest you to wait for MBB before making a decision. I think the rate is a bit high but I might be wrong as during my time the OPR wasn't adjusted yet.

Usually PBB will offer something in the lines of xxx rate during the first year, then xxx rate for the remaining period of the loan. I would suggest you to wait for PBB and compare it against CIMB’s offer as their offer is usually very competitive.

No such thing as lowest rate but you can try out MBB PBB HLB RHB as their rates are pretty competitive.

To take flexi loan or not depends on your income flexibility. If you want to the flexibility to deposit and withdraw from your account anytime, take flexi account, but bear in mind there usually is a monthly fee imposed by the bank.

Else just go for semi-flexi if you do not think you will utilize the flexibility that much (usually for those who have a fixed income every month).

For me I took flexi even though I have a fixed income stream is because I needed the flexibility.

As for MLTA vs MRTA is totally depends on your needs. MLTA is more like your personal insurance, the beneficiary can be anyone that you name, so in case you dies the beneficiary can benefit from the lump sum, either to pay off the home loan or do anything else. But is usually more expensive, and involves a monthly commitment.

For MRTA, it is usually a one time payment that is coupled with your home loan. You can specify the sum insured that you wish to cover, then loan agent will quote for you. Beneficiary of MRTA is the bank, so in case you dies, the sum insured will directly be paid to the bank to service your home loan.

I always choose the lowest effective lending rate.

Maybank has a lower br and effective rate? I would choose Maybank if that’s the case.

Usually when opr rate is revised by bnm, all banks will follow suit in revising the br.