Hi, i am new in buying House. I need help from sifu sifu here.. I kind of headache from bank loan.

I got a loan offer from maybank 4.4 with 90%loan and 5% Discount in mrta about 29k

Another is hong leong with islamic loan 4.39 and mrta 15k for max 33yrs. Plus stamp duty for 30% Discount. Incl takaful Home insuran for 2000k per ten years.

Which is better bank, i do not know any hidden secret condition wth it...or any one would advice me for a better bank. My book House is meranti Hill park rm582k..thnks in advance.

Hi..am looking for 2nd house..under my wife name..but need to joint loan with me...appreciate it if someone can pm me..

For my case, RM400k loan.
Stamping is RM2030
Legal Fee is RM3250
Others is RM1000

I have a Islamic home loan approved by Maybank. In the LO it does not state any early termination. When I asked Maybank I was told since it is Islamic loan, there is no early termination penalty. I am concern that it is not mentioned in the LO, that it is silent, it could mean anything later if I want to pay early. Should I insist to have early termination clause in the LO?

Yes, loan stamping is 0.5% of loan amount and legal fee is as per the scale, ie first RM150k loan amount fee is 1%, next RM850k is 0.70%, and etc... (truncated here since loan is up to RM400k only).

Any flexi loan without need to pay the monthl RM10.60 fee?

That's why I find this ironic. I save on the amount I prepay (standby funds) but get charged for not utilising as OD. As them to make the OD Limit small like RM5K?

Finally this the best I get for my loan,

Loan amount : RM400,000
Interest rate : 4.40% (4.37% if with deposit of 20k FD for 1 year tenure)
Type : Fully flexi without MRTA

This post has been edited by Spit Fire: May 19 2015, 11:53 PM

checked with banker and banker says apparently this 1% commitment fee is not applicable and waived for maxihome flexi, shall get them to insert a clause into the LO or send me black and white.

still a bit suspicious though.

Yes nice rate for package without mrta. wonder it's offer from which bank?

It offer by Ambank btw.

Hi Looking for 100k+ loan for a small property, any agents can help?

Even if inserted as a clause to LO, the bank reserves the right to change once they've gotten BNM's approval.

To be safe, ask the bank not to give such a high OD limit or reducing limit annually.

guys if i want to refinance my housing loan from company to other banks, whats the process & interest will be like?

looking at RM100k for 10 years

looking for a home loan, pls pm me.

Yeap I believe so, thanks for your replies so far.

However, I've discovered that Maybank's Maxi Home Flexi is quite different from conventional full flexi loans.

Based on my calculations, the monthly repayment is significantly more than other conventional full flexi loans.

As per my previous example:



As there is a clause that you must commit a minimum of rm1,190.5 to principal amount every month, you are actually obliged to fulfill the principle + interest (rm3,044.7) instead of the proposed repayment of rm2,350.8.

Failing which, you will exceed the OD limit (rm500,000), and as we know, all hell will break loose from there on.

Do correct me if I'm wrong though.

From company to others bank?

I still haven't got the best answer

Guess there is no facts to follow, only following our guts & feel

Hi, got a situation now. Need opinion

Sum borrowed = RM600,000
Years = 35 years

Bank A
90%, 33 years only
BR+0.46 = 4.5 (Br Rate 3.99)
Locking period = 3 years

Bank B
90%, 35 years
BR+1.3 = 4.5 (Br Rate 3.2)
Locking period = NIL

I'm actually not so familiar with all these but i might sell it off within 2 to 3 years. So, which one is the best??

Still waiting for Bank C offer.

Since you are buying for investment, better to select the one without lock-in period

Morover, on the BR + % =4.5 for both.... I'm still seeking for the best answer