1) Hi, i'm planning to apply for housing loan from MBB soon. What is the best rate available now?

2) Plan to take up flexi loan. what is the maximum amount of money that I can put into the current/loan account so that I can maximise the interest saving?
E.g, I loan for RM300,000, and I park 300k in that account, so is my monthly repayment will just going to reduce the principal with 0% interest? Or there are certain percentage cut off limit?

Hi, need some opinion here.
Recently I have applied for loan from MBB and it got approved
The approved amount is 270k with BLR 1.55% and base rate 3.24. So the effective rate would be 4.8%. I think this is way too high as I heard mostly it's about 4.4%.
MRTA was included which total to about 13k++. Not mention for how long. But is it possible to opt for shorter duration for example 15 years because I plan to pay off the mortgage in about 10 years.

My question is what is the usual offered rate from MBB now?
MRTA duration and is it overcharged mine ?

I've been called by the bank agent to sign the LO and just knew about this figure. I think this is not the best that being offered to me right now

Many thanks

Getting an offer from MBB 4.5% for 270k loan. The tenure is 35 years. Is this ok?

hi..i've just signed a a full flexi loan from maybank
I noticed there's a commitment fee of 1% on unutilized portion of overdraft facilities when the OD limit is in excess of rm250,000.

Can anyone please explain what is this mean? thanks a lot

This post has been edited by Brandis: Jul 9 2019, 12:39 AM

Means if my loan is 300k and I park 100k in the account, then 1% will be charged for the 100k?

I'm getting more confused now.
Let's say if I get a Rm300k full flexi loan from MBB with interest 4.2%.

I put in Rm100k to reduce principal amount and save on my interest charge. So now my principal left Rm200k.
Therefore only the Rm200k will be charged with interest 4.2%.

So where is this commitment fee of 1% come about ? It will be charged on my remaining rm200k too on top of the interest charges ?

Thanks for the explanation. I got a maxihome flexi from MBB. According to the officer, it is an OD. Is there another full flexi plan which is not OD from MBB?

I see... personally I still prefer full flexi.
So in theory, if I loan 300k and I dump 300k into the current account, then every month the bank will just deduct the fixed principal amount right? No interest or commitment fee will be charged at all?

Considering a newly VP project. Checked with several banks like MBB and PBB, but their valuations are much lower than the property's price, so they can only offer around 80% loans. However, Ambank is able to provide a 90% loan.

Here's the offer from Ambank
Loan (90%): 918000
MRTA: 41128 for 25 years
Tenure: 30 years
Rate: 3.8%
Installment: 4470/month
Full flexi

Is this offer good?
I plan to apply to several other banks to see if I can get a better rate.