Hi, want to ask some questions regarding my housing loan.

Recently I applied for housing loan with Public Islamic Bank, and in the letter of offer (LO) stated that need to take credit card, which is okay for me.
Fast forward, my loan approved and they sent me not one, but two public islamic credit card platinum, one visa and one mastercard.

So my question is, since the LO stated the need for the credit card, I really need to activate the card right? But do I have to activate both of them? Or only one will be sufficient? And what will happen if I didn't activate both of them?

Currently have already signed SPA & Loan Agreement, awaiting the lawyers for stamp duty etc. Loan is not yet disbursed to the developer.

Thanks in advance 😁

What is the latest rate?

hi good day

got an offer of 3.85% for 949k full flexi but MRTA 54k, total loan 1003m

what would be a good value to reduce it to? i understand that MRTA is another type of insurance incase of death but i have already got life insurance

and is it possible to pay the MRTA value in cash rather than parking in under the loan?

thank you very much from a first time buyer

referring to my above , got another offer for 3.8% (subject to 4 layer approval)

so i have 2 banks now

1) 3.85% for 90% loan + 20k MRTA <--- confirmed offer
2) 3.8% for 90% loan + 30k MRTT <------- subject to approval on interest rate

is it wrong for me to try asking the 1st banker for 3.8%?

HLB , condition must take their CC first , after 6 months can cancel

yes, you can. write in to your home branch and seek for interest rate revision. If u got the other bank refinance offer letter, lagi best, the home branch usually use this to appeal with HO to the interest rate. But provided you can get offer letter before signing and get to your existing bank loan in the revision. Usually u get the offer letter when meet up with the loan agent and sign on the spot.

Hi guys,

I have 4 credit cards, planning to cut 1 cc once I got the reward credited to my cc account. So,  I have 3 cc (active) and 1 (will not using it starting from next month). All cc are pay in full before the statement due date.

My questions are:
1. Will bank reject my home loan application if they see I have 4 cc in my ccris record?

2. I have a balance transfer (BT) plan and a EzCash. I noticed only the balance transfer has a record in my ccris.
May I know does BT and EzCash are included as my commitment section be in the DSR calculation?
If yes, the commitment is taking the monthly amount or the total unpaid balance divide by my monthly net salary?

3. How long does a cancel cc will disappear in my ccris?

Thank you.

What is the current going rate for loan below 500k? My friend was offered 4.4 by RHB for semi-flexi. Was wondering if I should advice him to nego.

Hi All Sifus.

Newbie here. Need some guidance on the loan package offer for first house.

MBB
Loan Amount: 300k
MRTA: 3198 Covering 300k for 10 yr
Tenure: 35 yr
Rate:3.9%
Installment: 1324.35

PBB
Loan: 300k
OLDTA: 5105 (Self Finance) Covering 80k for 35 yr
Tenure: 35 yr
Rate: 3.30(first yr) 3.85(second yr and thereafter)
For PBB, currently my agent told me that I can take additional 220k coverage insurance with yearly premium of around 3k. Would like to ask if there a must to buy this additional insurance to cover the remaining 220k or i can just stick with the 80k coverage.

Also which offer is more recommended.

Thanks in advance.

Any idea on the mortgage amount? I see my account online , the interest rate shows a lower rate but installment amount still the same

Shouldn't it show a lower amount also then ?

Thanks for ur advise

latest loan offers received

RM600k
33 years

1st Round
RHB - 3.55%, MRTT 16k (said need minimum 2.5% of premium coverage to get this interest rate), full flexi
PBB - 3.55%, MRTT 6k, semi flexi
MBB - 3.6%, MRTT 10k, semi flexi

I then asked all banks to appeal further to get lower monthly instalment.

2nd Round
RHB - no change from previous offer, but they gave alternative to waive MRTA but with higher interest rate 3.65%
PBB - no change from previous offer.
MBB - no change from previous offer.

In the end I chose PBB.

my conclusion:
1. lowest interest rate so far is 3.55%
2. just because you have a lot of facilities with a bank it doesn't mean they will give you the best offer. I have credit cards, hire purchase, mortgage & salary deposit with MBB but their offer is the worst among all banks. contradicts with my experience last year.

Hi, I received email from HLB with new installment amount starting in September.

want to ask, the new amount increase RM300 from my original amount,  is this normal?

PBB counter offer. MRTT premium is 53k for full sum 35 years coverage. But they removed critical illness coverage for 200k and change rate to 3.55%.

MBB cant counter offer, their rate minimum is 3.60%

My age is 33 y.o.

guys if take shorter tenure 25 vs 35 years, bank will give lower or higher rate? it is flexi anyway