OCBC and HLBB can help you with that, subject to approval conditions like within your DSR, the property in prime area as in KL or Klang Valley, etc.

Both interest rates are at 6.85%, based on BR + spread so it is a floating rate, thus it may change over time. Tenure is 10 years.

But only HLBB would allow the inclusion of LVS at 90% loan margin. Hence you would be getting 90% + ~2% (Legal, valuation, stamp duty) + up to 10% of construction loan automatically credited to your account after full disbursement of the housing loan for purchasing.

OCBC on the other hand, if your margin is already at 90%, you cannot include the LVS fees into the loan anymore. Their construction loan though is up to 30% of the house value, up to a maximum of RM200k.

One word of advice though is to avoid using seller's or agent's SPA lawyer to avoid conflict of interest as the lawyer would be representing your interests against the seller and the agent. So if you take up their recommendation for lawyers you are doing yourself some harm in terms of interests. Let me know if you need help with that. I have no sway in the SPA transaction of my clients.

Yes, the +-2% for the Legal valuation and stamp duty fees have the same interest rates as the housing loan rate of about 4.4 to 4.8% depending on what you get..
Now now, brotherman. You should not mistake annualized interest rates (housing loan, mortgage, construction loan in question, ASB loan) to a simple interest rates (hire purchase, personal loan).
Essentially, 4.45% annualized interest rate is equal to 2.4% simple interest rate for 10 years tenure. 2.4% personal loan rate is very very cheap no?      6.85% annualized rate (like the HLBB contruction loan) equals to 3.84% simple interest rate for 10 years tenure

Islamic loans can be both flexi and semi-flexi. I recommend that if you do not use the flexi facility, to not use it because it has a cost of RM5 to RM20 per month. Legals fees would be similar between the 2 although Islamic can have a little more documents, but this is entirely dependent on the banks. Highly recommend the Islamic to avoid lock-in periods though.

Let me know if you need help with anything!

Yes, there will be two separate loan accounts, with different tenures. BUt each tenure start at first disbursement which is within the same period.. usually the housing loan will start first since its first disbursement is when the lawyer gets the money to start their work.

Hi Neo,

For 95% financing, actually bank only help finance up to 90%, as for the 5% actually is the legal fees, MRTA/MLTA and valuation (if any).