Today just checked with few banks after the implementation of new rate (OPR CUT BY 25 basis point), without any insurance :

RHB 3.85 TO 3.9%
PBB 3.85%
Ambank 3.8%
Hlb 3.65%

HLB repayment capped at 70% for conventional, 30% capped for Islamic, if you wish to dump in additional capital to reduce interest rate, and also to clear the loan faster, avoid taking this loan

This is final package they offer, in beginning they told me this plan must bundle with MLTA to cover the loan balance around 280k but after that no need.

HLB
Loan approved : RM376,500 95% of SNP price
MRTT : RM3,477 ( Coverage for RM100k @ 30 years)
Total Loan : RM379,977

Tenure :  35 years

Rate : 2.98%

Btw due to some reason, I decided to not continue this purchase. Just share out for reference.

property price RM 517,000
loan 90%

option A:
MBB 2.9% , loan 35 yrs, included valuation fees+ loan legal fees
MRTT 27yrs RM 12099 , coverage 27 yrs

option B:
PBB 2.9% loan 35 yrs
MRTT 35 yrs RM 25122 , coverage 35 yrs

-in the event of default, maybank will increase the rate BR+ 6.15% if default 3 consecutive months while PBB if late 1 month, the bank will increase BR+ 3%

-PBB withdrawal excess need to go branch and fees is RM 52 per withdrawal, while MBB fees is RM25 and can withdraw online.

I was thinking to go with MBB, but then PBB banker just called and say can counter offer 2.85% if i choose them but other terms and conditions is still the same.  So is it better to go with PBB for 2.85% with this conditions?

p/s: Unable to apply other banks since only this 2 bank offer 90% loan for 3rd property, other only offer 70%

Sometimes it could be 2.85 but only for first year

Not possible

So is the property that you want 600k and above and also new development? As I recall that restriction removal only applies to HOC properties value higher the 600k.

So why say subsale in your initial post? He is right that it’s not possible for subsale.

wow... so nice no need insurance... here i ask my banker all say need MRTA...
actually is it possible ask them apply both with/without MRTA let me see the outcome of rate?

Bro all the bank offer you 2.85% for first 2 years ? after that above 2.95 above ? Thanks

Thanks, didnt know that PBB need 1 month notice for extra dump. I plan to dump extra every months, which means need to give them a call every months…
Probably I will choose MBB then =)

wish to ask for advice:

i had just changed to a new company (1 year contract) and started work on mid of march.

previous job ended on mid of feb. last drawn salary is 5.8k

the new salary is 7k

may i know is it very hard for me to apply housing loan ? plan to buy a house around 400k.

or need to wait at least 3month salary slip or totally no need to try at all (since i am contract staff) ?

additional info : my commitment is only hire purchase, around 630. still left half year to settle off.

               

Hi All, want to ask if below is good?
Ambank
Loan Amount : 1 Mil
Interest : 3.1 (BR 2.5 + 0.5)

Wanted to ask, if we have signed LO with a bank.
Can we cancel the LO?
Is there any fee/ penalty we need to pay?
Thanks

Note: have yet to sign SPA& Loan agreement.

yalo... i also feel a bit weird...
I apply Bank B and C last friday until now no response yet, Bank A i applied yesterday today approved..
Then say only approve 80% because they worry me compress loan apply 3 banks..

Hi Guys,

I've received offer for mortgage loan both Flexi

HLB  = Base 2.63 + 0.27 = 2.9
MBB = Base 1.75 + 1.2 = 2.95

Loan amt approx 600k

For now HLB seems to give better final rate which seems to be the better option for now.

but what I worried is if say when the base rate change, referring to 5 years past History, MBB seems to have slightly lower combined rate most of the time if I use +1.2 to compare with HLB +0.27

Question is which is the better one between the two?

Please help to share your view and opinion on this.

Hi sifu, need advise on below offer:

Rm 5670000 loan amount
Mrta Rm 12,780 cover 200k 30 yrs
Tenure 34 yrs
2.85%
Full flexi loan
Without mrta 3.05%

Do u think mrta too expensive?
Should i take with or without mrta?