Sifus, seek your opinions and expertise.

Am applying for housing loan and agent is looking at RHB, MBB and PBB.

RHB and MBB is the full flexi loans whereby you put in additional money, it'll reduce your monthly payment by reducing the interest amount. Tenure of loan doesn't change.

PBB-i semi flexi loan is different, whereby even if you put in more money, the monthly installment doesn't change, but more of the monthly payment will be towards reducing principal. Hence, tenure will reduce and overall you save interest also la. Was told withdrawal of the extra funds is possible, without any charges.

I am on the fence here. Whilst PBB interest rate might be lower 0.05%, but I suspect I'd like the flexibility where the monthly installment will be reduced if I put in additional money. (Re)withdrawing the additional money I assume is easy and is free for all the loan above.

What are your thoughts ? Which will you choose ?

So I guess its down to those details of the facility. I'd need to read carefully the offer letter, if approved.

The PBB banker told me withdrawal no fee and can be done online as well, even after I keep asking him "sure ah?". If true, the the flexibility is there. Then its a just question of if I want reducing monthly payments or fixed monthly payments (but potentially reducing term as well).

My amount kecik miao only.. at 0.05% difference I guess its not major.

Haven't gotten my offer letter yet. But the PBB banker said probably 3.8%

Hi sir, you seem to be knowledgeable in this matter so can I ask..

if I want a full flexi loan where if I park more money in the account, the monthly installment/deduction is reduced (instead of fix monthly repayment where more will be towards principal), what bank offers that product ya ?

AFAIK, MBB, CIMB can.
PBB and RHB don't have.

Any other banks can offer that facility with <4.0% interest rate ah ?

Yup, I am sure because that is what we have currently with CIMB Home Flexi but the current interest is 4.5% (signed in 2018). Confirmed yesterday after talking to a CIMB banker that that is the case, currently lowest can get is 4.15%. It is as what you said, more money into account reduces the interest, but in this case it is reducing the interest portion of the monthly installment. This type of flexi loan doesn't shorten tenure, but gives you more cashflow monthly.

Others like PBB and RHB's full flexi loan fixes the monthly payment, but pays more towards the principal if you put more money in the account, whilst shortening the loan tenure.

Maybank's semi-flexi loan is similar to CIMB's, whereby additional payments will reduce the monthly payment, but its a semi-flexi loan. Meaning redrawals/withdrawals need to do over the counter, take few days and got like RM25 charge per transaction.
I believe UOB Combo Mortgage Loan can do like CIMB also, but its not my developer's panel so didnt ask about it.

People here seems to sure that I am pulling bullshit out of my ass, lol.

All of you just referencing MBB, RHB, PBB.. which I get it, they are the lowest interests in the industry and thats why most of you / market take their facilities and thats what you are familiar with and what you say is true.

What I am saying is also true, CIMB's Home Flexi (full flexi) that we are actually having, is as I said.. more money into the Current Account, monthly repayment for the Loan Account (deducted from the CA) is reduced (EDIT: if you take out the money, repayment for the month increases). This is a fact that we are facing. I have also talked to another CIMB banker recently about this facility and confirmed its true, and also confirmed the lowest interest rate for this is 4.15%, HENCE NONE OF YOU CHEAPKSKATES even want to consider and so is unfamiliar with it.

Sorry for lashing out, but way to go for putting down someone who just wanted to ask if there is any other bank that offers what CIMB Home Flexi offers.

Go on, go talk to a CIMB banker and tell me I'm right. If you don't have one, I can share.

This post has been edited by chang3rd: Jun 25 2025, 02:15 PM

First off, apologies for being rude, and being out of line calling people "cheapskate". Truly am sorry.

I started the conversation being civil, asking what I thought was a genuine question on if any other bank's are like CIMB's Home Flexi (full flexi), but responses I get makes me feel... inferior, honestly.

Appreciate Rinth's sample computation of how RHB and PBB's full flexi housing loan works. I fully understand that concept, but that is not what CIMB's Home Flexi is.

At the risk of repeating myself, here are some of the features of CIMB Home Flexi:
- Advance payments into the current account will only reduce the principal for computing the daily interest purpose only. If you withdraw the amount again, the interest portion will increase accordingly.
- As such, the monthly installment hence will reduce, ie: principal paid will follow the schedule; interest will be based on the month's computation (after deducting loan amount with advanced payment amount).
- The advance payment can withdraw anytime, just like any other CA. Monthly maintenance fee of RM10. If advance payment amount more than 30% of the loan amount, an additional RM40 fee is charged

If you'll allow me to improve myself, can you let me know where did I do/understand wrong (apart from the calling ppl "cheapskate" which I know is uncalled for. Apologies for that.)

I apologise again. Of course I know tons of people's NW are more than mine, I'm B40 probably anyways. I just wanted to know all of the options available out there and it seems like CIMB's Home Flexi is unique. I was told by the banker MBB's Semi Flexi can have the same features, but its a Semi Flexi loan, withdrawals are RM30/transaction, etc.

Less of the cash flow is being deducted for monthly payments for you to use for other things, if required. Just that it won't reduce tenure at all, unlike others' Full Flexi.

Understand for CIMB's high interest hence that's why I didn't proceed and also why I'm asking for other bank's here. Just for comparison's sake, I was quoted 4.15% for CIMB's Home Flexi loan. I got offers from MBB 3.85% (Semi Flexi), RHB 3.85% (Full Flexi), PBB 3.3% (first yr); 3.80% (subsequent).

What kind of loan is it ?
Term loan, Semi-Flexi, Full-Flexi ?