Anyone knows what happens if you reject the loan offer from the bank but the banker doesn't cancel the application?
Like does the application eventually get automatically removed from ccris after some time?
Or need to call the bank customer service to remove it from ccris?

Hi sifus, I'm looking to get loan of RM880k for a shop-office unit. May I know the best rate for commercial mortgages the banks are offering currently?

Also, if it is of any relation, I plan for a third party loan, meaning SPA under A's name only but mortgage will be under A and B.

Thank you for the prompt response! A and B are parent-child.

If there is any mortgage agent could help to assist with my mortgage application for a lower interest rate, appreciate if you could drop me a pm.

Hi Sifus,

Below is my current loan.
Do you think I should refinance to leverage lower interest rate and save the monthly installment or is not worth it?

My current loan as below:

Loan type= Housing Flexi Home Loan
Monthly installment=MYR 2130
Loan Amount=MYR 533,908.20
Pay off amount=MYR 379,867.24
Remaining Tenure=346 months
Effective interest rate=4.20% p.a.

Hi. Got some questions here.
Home loan (islamic) started 2011, then i realized after 10 years the principle is reducing too little, not even RM10k reduced. So i inquired around and found out that i can reduce the princple by paying off at least 6 months of installment.

So i did. 3 times. And only now i realized that everytime i did the payment, the principle:interest ratio will decrease drastically like as if the loan has just started.

My question is, when i checked on my ccris, the loan balance was greatly reduced, say it left about RM190K.

But in my financing account, it says the loan balance is RM780K+.

Is it because it was an islamic loan so they calculated the interest ahead of time, and is it true if i want to refinance, i would have to settle the full amount of RM780K?

Any suggestion to profit on this situation? Was too naive when signing the agreement back then.

I recently started applying for a home loan and a particular bank I was keen offered me. However, the bank officer mentioned that it is bundled with MRTA and critical illness insurance. My question here is:
1. what is usually the premium for MRTA? is it based on fixed rate per say, RM100k borrowed?
2. are home loans nowadays bundled with critical illness insurance? the bank officer was insistent that it cannot be taken out

For loans that come with bundle/conditions like CC, insurance, pledge savings/FD, do they write it down in the LO or loan agreement or somewhere?

How to be sure that they can't suddenly say need to bundle even more things after signing the LO and agreements?

For Full Flexi loan, does it count by daily average balance?

So if put in 10k to reduce interest on 15 December, does it reduce the interest payment for December?

Or only starts for the month of January?

If the offer letter signing can only be done a few days after the valid period stated in the offer letter, do we need the banker to issue a new letter with updated dates?

Or can just sign the existing letter?

3.75% applies for subsale properties too? planning to buy a 1.5 m subsale prop. which bank can offer the best rate now?

3.85% for subsale properties too?

wow...3.75 is really good.,..not sure if manage to make it by dec.... is mrta/mlta compulsory to get this low rate? can we skip it? i am planning to apply from PBB

Has anyone calculated how much % of the loan need to be deposited to make the full Flexi loan fees worthwhile?

Assuming there is a semi Flexi and full Flexi which rounds up to the same monthly repayment.

But there is additional cost for the full Flexi.

How much needs to be deposited to make the full Flexi fees worthwhile?

Anything lesser should go for semi Flexi?

The rates you posted previously were quite amazing tbh.
Were they all semi Flexi or some full Flexi?

Any bank offering zero moving cost for refinancing now? Interest rate must be 4.25% or lower

Hi sifus, I'm looking for 90% loan for a subsale property purchase (condo) which is agreed at 350k.

Was approved for 4.25%/27 yrs by a bank but would it be possible to get something lower around 3.8 to 4%?

Hello guys. Out of topic a little bit. I’m selling one of my house recently and one of the buyer took my document to try loan. After loan is approved, someone offers me 70k higher than the current price.

I never sign any document or receive any booking fee until now from the person.

Wondering whether I still able to change of mind if I had verbally agreed to the previous price?

It involves quite huge amount of money.. I know it’s unethically to do so though.

Just asking for kind advice and would I involve in any lawsuit if I change mind to sell to other instead?

Hi, question regarding full-flexi vs semi-flexi. Please also tell me if my question doesn't make sense - I'm not super confident on my knowledge/the terms to use.

Say I plan to buy a property of 1 million loan amount total (so price is... about 1.1 million or so) for ease of calculation. Meaning the 1 million is 90% of the valuation.

Consider two situations:-
A - I apply loan for a lower percentage (let's say 500k).
B - I apply loan for the full 90% (meaning my loan amount 1 million) and then deposit 500k and leave it in the current account linked to the full flexi loan.

In both situations - would the amount I owe and interest I have to pay be more, the same, or less in A or B case? Or is this question missing some details meaning it cannot be reasonably answered?

hi was applying maybank house loan and got this offer, is it good?

Maxihome loan

100% set off interest on extra prepayment amount
Withdrawal charges RM25 on extra prepayment
RM200 loan processing fee

Loan 90% RM934,200
Loan tenure 33 years
Interest rates 3.85%
Monthly installment RM4,171
——————————————————
*MRTA 50% sum insured 10 years, premium RM4,942

dont quite understand the MRTA 50%, does that mean covered (RM934,200/2)?

Hi, good Monday morning to everyone.

Would like to ask regarding the average time for a home loan application to be approved?

For mine, it's already been almost 2 working weeks and there's yet to be any updates.

Thank you in advance

Hi sifu,

I need help on this. Recently apply loan from HLB

Approved amount: rm648000
Interest rate: 3.95%
Tenure: 30 years

MRTT
20 years: 26k
25 years: 40k
30 years: 60k

MLTT
20 years: 36k
25 years: 57k
30 years: 86k

I would like to ask if I take MLTT for 20 years (as banker said I maximum 37k to be added into the loan) will it ok? I have a life insurance of 300k for myself currently.

Or I should opt for MRTT for 20 years/25years?

I didn't ask to opt for MLTT monthly. However, bankers said as the MLTT offer by bank is lower than market hence, need to paid in lump sum, but can include them into the loan like MRTT only.

If I opt for personal life insurance from the insurance company outside, will it be a better choice or option?