1. MLTA and MRTA is always optionable, never a must to take.

2. Most of the bank will aggressively sell your MRTA or MLTA because it give added profit to the bank in a way and also as a security for them.
By taking MRTA/ MLTA bank will always give perks by reducing your interest rate.
Do take caution of the Pros and Cons of MRTA and MLTA, it differs greatly and will have immensed impact on your financial health late in the future.

3. For flexi, I will give you a brief general preview of the setting of it. (*each bank has its own modus operandi*)

1) no need to call in whatsoever, all extra payments (of any amount) will go into your loan account and interest is saved immediately (exactly like fully flexi loans). you may pay 2/3 months in advance, no issue
2) no maintenance/ setup/ processing fee (you'll save a lot, brother...)
3) for redrawable prepayments, you can pump in cheque or direct over the counter.
4) Rm10 is charged for each redrawal and T+3 days processing time
3. Things to look out for:

a) Query the penalty charges. If any late payment involve in the future, how much will the bank increase the rate and will the rate be reversible
b) Whether the loan interest is daily rest or montly rest
c) additional fees incurred
d) Lock in period (for under construction property)
whether charges of penalty effective from 3 years of 1st disbursement or 3 years of full disbursement.
For our under construction property it is important as:
"1st disbursement" happens in 2015 = 2015+3 years
"full disbursement"happens in 2017= 2017+3 years

see the difference? full disbursement actually takes 3+3 years means 6 years before penalty is voided.

e) make sure all the stipulated charges you listed are the same in the letter offer.
f) how penalty charges are charged, on the outstanding amount or the loan limit.
"loan limit" is the amount loan you borrowed from bank since day1.

g) Tried calling the bank service centre and see if they pick up and provide good quality service.

For conventional loan, there is no ceiling rate and it's not Islamic compliant.

Whereas for Islamic loan there is a ceiling rate cap so that bank cannot charge you beyond a rate, but u pay 20% more for stamping

Ah yes, Islamic loan do not have lock in period also.

Semi flexi you have to pay a fee for each withdrawal where as for full flexi you open a current account linked to your loan account and you get charged monthly fee for that. Full flexi will be more flexible in withdrawal and normally recommended for businessman who generate money daily to pump back to the account.

Yes any deposit you put in will reduce the loan tenure instead of the monthly installment amount. Applicable to both semi and full flexi

Wrong, certain banks will still charge a monthly fee even if you don't take money out. Always check properly on the actual T&C.

From rm10 onward, as said, you need to check out all the banks you visit. Like for my housing loan that applied last week, I went to 3 banks, all are quite different from what being mentioned here. Is better let the loan officer tell you all rather than getting minimalmislead info from internet or forums, especially statement from agents that lurking here.
If I were to read over this forum agent's advise, I already taking flexi loan. But now I will be taking conventional loan after asking all the details from the loan officers I met with. As for my way of settling a loan, I will be losing on flexi loan's charges.

If it's purely term loan the amount you can still put in but you can't withdraw out that money. Considered you've paid off in advance already. No flexibility in withdrawal

For flexi loan, the amount that you put in can reduce the principle therefore you pay lower interest and can withdraw out the money again if you need to use it. The rates are determine based on ur loan size. The full flexi rate package are normally higher than semi flexi but can try to appeal for the lowest. The difference is a out 0.1%.

Normally you need booking form to submit for loan otherwise cannot as it serves as an intention to purchase.

This is a standard procedure

You can't get pre approve loan nowa days

Dealing through mortgage consultant will make ur life easier as they'll manage everything for you. Otherwise you'll have to submit 1 by 1 and follow up with multiple banks.

Dear,

1. Pre loan acceptance can be done only with buying subsales property. However, you would need to aliase with the property agent to get the property SNP & Title to proceed with it.

2. It depends on the banker itself, how good he is in processing your loan case, thus how fast can your loan case be approved.

3. Well, to avoid trouble and so, it's best to have us to assess your profile before submitting. By assessin gyour profile, we would already know the chances of your loan approval.
Dear

1. Look for experience mortgage consultant will do

2. If you spam all the banks, the chances of your loan approval wouldn't go any higher than spaming 1.

Because, different bank has different policies in accepting certain profile clients. Hence, if bank A B C can approve your case, however you just got rejection from bank D E F, bank A B C has higher chance of rejecting your loan due to this factor.

3. It's best for us to assess your loan profile first, you can provide below details for preliminary checking:

Dear

1. Snapshot is not allowed to be submitted in with loan submission, however if your snapshot did take a good picture squarely of the document. It can be submitted.

2. Yes can be done, but title must be compelete 3 pages and SPA must show the essential first few page and last few pages.

CHeers

When submit loan doc for subsale need these 2 extra doc which is
First 3 page and last 3 page of snp
Title of the property

Normally request agent to get from owner

Wow, what kind of bs excuse?

When submit loan doc for subsale need these 2 extra doc which is
First 3 page and last 3 page of snp
Title of the property

Normally request agent to get from owner