Do check if the 4.25% applicable for the whole tenure. Some banks also offering 4.25% but for first yr only.

Best you call up the bank to check because sometimes it's just offer for 1st year then subsequent year at a higher interest rate like Hong leong bank

Ah i see, 4.25% might be the lowest they can give subject to your loan profile and other TNC such as MRTA and loan amount.

Oic =) there you go.  you might end up paying more since you need to opt for full MRTA although rate is at 4.25% but you're required to take up a higher loan amount to finance in the MRTA.

As I know, loan size is between 500k - 1 mil. Min salary is 5k. And 1 thing is salary must be credit to HSBC account upon loan approved.

In order to get 4.25%, you will need to take full MRTA.

But do take note of subsale / refinance loan, valuer is randomly pick by system in HSBC.

So there is pros and cons

Any other reasons why you're only narrowing yourself to HSBC only aside from interest rate ?

Dear

it's best to consider 2-4 banks, it's the best range.

1. If the consultant confident and experience, he she will just recommend 2 banks that satisfy your criteria and with highest chances of approval.

2. if spam too too many banks, like all the banks in malaysia. lets say his profile is intermediate, and 4 out of 7 banks would reject for sure, so if 4 rejected and shown in the ccris, the rest 3 bank will have second thought and might reduce margin or higher interest.

3. It's based on the consultant experience and confident and the risk profile of your case.

CHeers

Actually can go up to 4 to 6 also not an issue. Most importantly your loan profile is enough for the loan you're applying for.

Let me know if you have any further queries

Other than the FI that reports the application as rejection other FIs won't be able to see the status of rejection.

Dear

that's prop agent.. doing for certain reason
I think the reason is good friend or higher commission..



however, from a consultant, you will be advised based on your objectives and reason will be given on why only going for 2 banks and not more.
Yes I agree on this[B]


Cheers

If you're buying project then it must be panel appointed by the developer.

Otherwise you cannot select non-panel banks.

there is a possibility that the EF license had expired during the point you want to apply. Which is why they answered so

Otherwise it could mean that referral comm is given lower from HSBC.

Nope.  The credit approver doesn't even know from which other banks you apply the loan when he read the CCRIS.

Not compulsory, thus you're given an option to pay a higher interest rate 4.45%. Otherwise, 4.3% with MRTA

hard for me to advise solely based on this without knowing what's the payable amount for the MRTA.