is mortgage interested rate 3.6% consider lowest nowadays?

Hi all,

I will convert my mbb houzkey to mortgage soon. They did provide mbb as mortgage but i wanted to try to expore mortgage packgae on another bank.
Do i need to approach the interested bank eg PBB, RHB or so on or can find loan agent? Thanks

you can approach the banks directly. You can apply with PBB online

Hi, i am thinking of transferring my property still with loan to my parents at their age of 70.

Is it possible for me not to change the loan , or do they need to get some loan but can it be under my name ?

Understand that getting a loan at their age might be hard.

Thank you.

I believe as long as your loan not settle - the property is not yours to transfer. Sale will pay the bank first and then extra will go to you.

Financing of the sale via loan is not going to happen at age of 70. You can try to apply joint loan with them.

You understand you will be paying a lot in fees for this transfer? Since you mentioned you can possibly get a loan under your name, I don't see any advantage to doing this transfer. Why is it important that the property be under their name?

thanks2 for the input ya

Thinking of buying HDB in Singapore, do you have any advise on this?

I don't see how this is related to your initial question. Your loan in SG is not connected to your loan in MY (well, except for you being able to afford to service the loans). And again, why does any potential HDB purchase in SG affect you transferring your MY property to your parents? Normally what people will do is transfer to their younger generation, perhaps to avoid potential issues on inheritance or any future taxation law changes.

To be eligible to buy HDB, one of the condition is not own any other property in SG and elsewhere.

If we transfer the ownership, but the loan need to be joint name with parents, it is still eligible?

Ah, that makes sense. Not sure how ownership in MY will be traced in SG but probably they have jalan.


Loan and property ownership not necessarily match. It is possible to take joint loan but not all parties of the loan are on the ownership of property (at least for spouse, I guess parents maybe can too). Better directly check with bank on that.

It may not be cost effective though depending on the amount left on the previous loan for the MY property. May be more cost effective to just pay off the loan lump sum.