hi would like to ask any good OD package (pledge the hse) excluding the 1% committment fee if more than rm250k TQ?
Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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 Dec 12 2014, 01:55 PM
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Dec 12 2014, 02:55 PM
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QUOTE(cfa28 @ Dec 12 2014, 02:13 PM) This 1% Commitment Fee is imposed by almost all Banks in MY (to add on to wild_card list is RHB, Public, Affin) i think it is under BNM rules.. Even for HNW the Banks also charge the 1% Commitment Fee, for Super HNW I am not sure but my contacts with very big facilities (in the hundreds of millions) also get charged 1% Commitment Fee for their undrawn OD   if you want to get 500k OD unless you get one OD RM240k & another RM240k so n so  any other way to get the cheaper standby fund by pledging the house? This post has been edited by asiatrader98: Dec 12 2014, 03:01 PM |
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Feb 21 2017, 11:11 AM
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just want to ask any bank the Group Mortgage Reducing Term Assurance ( MRTA) is not compulsory thk
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