No Problem!! I have edited my post above for clarity (let these people get it right the first time). But here it is to get the conversation flow in order

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Taken from above:

There are 2 types of loan top ups with OCBC:

1. Top up back to your loan original value. For example, you have a loan with OCBC for RM500k, your outstanding today is only 300k. You want to top up back to RM500k, thus giving you RM200k in cash. Valuation may be required. No stamp duty, no lawyers involved.

2. Top up based on the house value. For example, you have a loan with OCBC for RM500k, your house is now worth RM800k, you want to top up up to 90% of the house's value, which is RM720k. Your loan balance is RM300k, so you will get RM420k cash in hand. Valuation and stamp duty required (0.5% of the top up amount above the original loan amount). No lawyers involved.

In short, the top up amount above the original loan amount is RM220k. 0.5% SD is only applied on RM220k. You will get RM420k minus the SD (RM1.1k), as such, RM 418.9k will be credited into your account.