Hi all, I am planning to settle my house loan early. Has contacted the bank for the final payment needed. I understand that I will need a lawyer for the remaining process (property still under master title). As my property is in klang valley and my loan bank is in Sabah, should I appoint a lawyer from KL or Sabah ? or it doesn't matter? And is there anything else that I need to take note? Thanks in advance.

I'll be working overseas soon, but still on the lookout for properties in Malaysia. Any challenges in getting a loan while getting income outside of Malaysia?

sorry i just to ask some question. if one person got a loan and mrta. then they refinance (refinance no state mrta just pure loan). the mrta is still got or have been cancel?

Can anyone share their knowledge on some of my questions? Thanks!

1) which bank still provides refinancing solutions more than 10 years tenure? as i remember BNM had earlier issued a guideline that refinancing cannot be more more than 10 years tenure.

2) if let’s say the parents wish to sell a property at lower value to a child. although i know that it would be a better option if the parents transfer ownership under love and affection to their child first only then the child refinance from bank and pay back to his parents, but would this overall process until loan disbursements would take longer time than parents sell the property thru normal sales and purchase procedures to the child?

In my understanding, once got rejection from MBB/PBB this indicates something about applicant's risk profile which cause the rate to be higher. This is based on my understanding only, as a customer. Supply and demand, maybe not much possibility to nego.

Hi all would like your advice:

i have 2 same offer from HLBB and MBB,

90% loan
35 years
3.85% rate
MLTT 15 years
Full Flexi,

between the 2 which one would you choose if all are the same. and any reason why. My first and main bank acc opened was Maybank and been using it until now. never used any service from HLBB before.

Recently few banks mentioned that max 10 years tenure for cash out from fully paid house for refinancing.. Anyone know if this true or which banks not yet following this directive?

Hi everyone,

I wish to understand better loan processing and approval.

1. I've always heard about 'loan not approved'. In local context, does that mean the bank refuse to give any loans due to poor credit history or it is more commonly used to describe the margin given is not 90%?

2. Given that the profile of the applicant is OK, what will determine the margin? I have heard of in cases where the bank is aware of the rebates and discounts given by the developers, they will slash margin. In that case, will the bank admit margin slashed due to these rebates?

3. Given that the profile of the applicant is OK, what will determine the interest rate?

4. Does the calculation for DSR varied significantly from one bank to another bank? Someone in the previous replies about 5% of outstanding credit cards will be counted as commitment. Only a certain % of rental income will be counted?

Thank you in advance.

Hi

Need opinion.
My loan amount is about 720k, assuming profile is good/acceptable, what will be lowest possible interest and which bank?
Thank you.