For which bank and wat loan amount?

I called up more than 10 banks, including harimau & 2 foreign bank, for loan amt RM 500k for subsale leasehold condo: only 4 said can-do and 1 said can appeal for 4.4 for loan above 500k (all 4 said can appeal if loan abt 1 mil - no commit on rate), rest said "no appeal, best rate.".

Reason given by no-do banks: property is leasehold more than 10 years without strata title. I learned something after 3rd no-do bank said that.

Not generalizing but real situation above; so what is the criteria for successful appeal? What is the criteria for giving lowest/best rate?

Oh yes, lastly, the rest of can-do bank said they are willing to appeal to match if can see offer letter.

This post has been edited by hondaracer: Apr 4 2015, 08:00 AM

hong leong islamic loan
lock in period 3 years

now in 4th year

can i do full settlement? will it be about the same as normal conventional loan ?

In my hand since this year January and feb, my hand done for Maybank, and public bank, even CIMB also I able appeal to 4.4 for loan amount 500k-700k

Noted your situation. Whether a bank allows appeal or not depends on a lot of factors, eg whether can compensate the lower rate with other additional income (eg MRTA), whether it is a valued customer, how competitive the market is, how aggressive the bank is etc.

Thanks for info. So noted maybank, public and cimb for 500-700k.

Looks like alliance bank is hungry for business.

Thanks.

Rate is very subjective, can't compare verbally. I always advice my client submit few bank and once approve appeal for better rate, then choose which bank offer the lowest rate and choose, if both bank able offer the same best rate then compare their offer

I've got 4 home loans at 90% MOF each currently.
I would like to refinance one of it, will I still get 90% or will it drop to 70%?

70%. Some might even give u 60% due to multiple unit financing status.

Even if commitments are not an issue?

Yes.

May I know any of the bank's home loan are available to suits the below scenario:-

1. Loan about 500K to 600K
2. Low spread rate
3. Zero Monthly maintenance fees
4. Without the need of notify bank about additional monthly payment / very convenient pay extra to save some interest
5. Do not require / least concern with redrawal from the excess payment
6. Lock in period is the least concerned as I unlikely to sell the house in near future.


Which bank's loan has the best matching criteria?

low spread rate doesn't means low interest ya, and if not full flexi there should be zero monthly maintenance fees for most of the bank.

Hi sifus, I just have a doubt/confusion about the following...

Let's say my property is 700k, and DP supposed to be 70k. What's the difference if I increase my DP to 200k, compared to 70k DP, while using the remaining 130k to put into the loan repayment since it's flexi..

The loan's interest is computed daily, so if so, might as well I pay ngam ngam for the DP, the rest throw into loan repayment, atleast have more flexible cash rather than pay to developer. That's what the banker made me understand, but not sure how true is it.

True, if can borrow max loan margin and max loan tenure. Then the remaining you have can throw in loan repayment.

hi.. i got offered but rate is 4.85%..
is that normal for 300k loan?

Which bank? Why rate so high 😖 is it CIMB or OCBC?

Dear friends, just a noob question.

For any new property that one has placed a booking fee, do we need to comply the 14 day period to pay the 10% deposit or we can ignore it and just wait for the developer to call up to start paying the 10% deposit?

Appreciate your feedback.

Thank you.

its CIMB....

This post has been edited by fusionnetx: Apr 8 2015, 09:43 AM