so is actually not advisable to clear the loan early?

Hello guys, I have recently applied both public and mbb for a semi flexi housing loan.

Loan tenure and interest rate is the same.. which 1 should I choose?

Mbb offer base rate 3 + 1.15%
Public offer base rate 3.52 + 0.63%

Both i requested for 25 years coverage (I wanted it)

PBB is RM15k in total
MBB is RM13k in total
(Same coverage same tenure)
So which one should i choose? Lower spread is better or higher spread?

Hi, anyone have any idea why the agent keep on pushing me to take mbsb loan? He mentioned i'll get rm6k cash since i'm a degree holder.

Hi, anyone have any idea why the agent keep on pushing me to take mbsb loan? He mentioned i'll get rm6k cash since i'm a degree holder.

Would you choose the Low BR with higher spread or High BR with Low Spread given both are same EIR for 25 years tenure?

Yes if the project is registered under HOC.

I am thinking of 2 ways to fund my first house to reduce my principal from bank. Is withdrawing
ASB and EPF a good choice?

As there are giving around 5-6% of interest every year which is higher than housing loan now that is fluctuating around 4-4.5%

Read the news that BNM will cut interest rate in December: https://www.thestar.com.my/business/busines...7dxZ28ZIXHZO.99

I got my loans approved from the banks yesterday, interest rates is BR+4.15%.

Not sure if I should accept the bank loan offer now or should wait until December after the new rates come into effect? Any sifu can advise?

Hi,

I have opted for semi flexi. Let's say monthly installment RM1295, But I paid RM1500 per month and informed bank to reduce principal. I am paying extra monthly RM205, if an event of emergency occur, can I withdraw the extra amount? I am with HLB housing loan, but not sure if system will show anything like written I paid extra. Any advise?

Thanks.

Hi guys,
Currently am looking for my first property and I have
2 loan offers and will like your opinion on the loan which one is better.

MBB
Property price 370,000
Interest BR 3% + SR 1.3% TOTAL 4.3%
MRTA 11448 20years
Downpayment 10%
Monthly installment 1730 for 30years
Flexi - rm25 withdrawal fee and capping of 99.99%

Hong Leong Bank
Property price 370,000
Interest BR 3.88% + SR 0.32% TOTAL 4.2%
MRTA 8853 18years
Downpayment 10%
Monthly installment 1777 for 28years
Semi-Flexi - rm50 withdrawal fee and capping of 30%

Thanks.

depends on your agreement with the bank on whether they allow you to do so or not.

No cons ba because anyway you need to pay the loan, earlier or later.
Some people choose to pay progressive interest so that they can save some money for reno or furniture.

No con, if they allow you to make prepayment then you get to save on the interest based on the progressive amount paid to the developer.

Hi, any opinion on this?

so lets say if i can pump in 30k per year for the principle, is it better to go for longest tenure like 35years or shorter tenure like 20years?
sorry just checked again, its loan 350k for 20years, 2257 per month. this is my own alone loan.

is it better to go for longer tenure or shorter tenure if i plan to pay 30k to principle every year?

and is it complusory to take the MRTA or MDTA?

if a bank is not the appointed panel for a particular project, there is no way this bank can apply loan right?

Hi guys 1st time buyer so hope can get some advice esp for those who experienced HLB and/or RHB full flexi.

Loan amount: RM420k

Opt 1: HLB full flexi, 4.35% exclude insurance. If confirm take MRTA from bank, banker will try to get 4.2-4.25%. (Either get a min MRTA + MLTA or banker quoted 60-100% MRTA 30yrs ranging RM6k-RM10k)

Opt 2: RHB full flexi, 4.2% include CLTA RM17k, total loan amount RM438k, sum assured RM438k 30years.
HLB vs RHB
- One account only VS CA/SA + Loan Account
- Any amount put in can offset principal VS multiple of RM1000
- 1 time transfer/withdraw straight to/from Loan Account VS 2 times transfer/withdraw through CA/SA to/from Loan Account
- RM 200 processing fee VS RM0
- RM 10/month maintenance fee VS RM0
- 70% capped to offset balance VS No capped
- 5 yrs locked in period VS 3 yrs
- Both no withdrawal fee
Any other differentiation in terms of online banking features, is it ease of use, online statements, can check detailed repayment history like how much go to interest and principal, extra payment will go where etc.
Anything else I should take in consideration?

According to my banker ya, only 1 account and he keep mentioned if 2 accounts like RHB then got risk of money being stopped by certain reasons as need pass through 2 channels. LOL.

Personally I prefer RHB because of the lower interest and CLTA as MLTA is quite a heavy commitment for me d. Plus can save RM10 per month I dont mind transfer through 1 extra channel la. Every penny is important now lol. Just want to see any other features that I mislooked.