Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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 May 15 2015, 10:43 AM
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#1
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Senior Member
5,193 posts Joined: Jan 2003    
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Hi, I'm looking to take out a loan for a commercial property. What is the best LTV i can get? 90%?
Property price is about 220-230k. What would be the best rate that the market can give for such a loan, and what bank?  TQ in advance This post has been edited by daijoubu: May 15 2015, 10:50 AM |
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May 15 2015, 03:21 PM
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#2
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Senior Member
5,193 posts Joined: Jan 2003
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QUOTE(ims2628 @ May 15 2015, 11:09 AM) Commercial max loan margin is 80% Thanks for your reply! How about land loan? For say, agriculture or residential land. Thanks! |
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Sep 21 2016, 02:07 PM
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#3
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Senior Member
5,193 posts Joined: Jan 2003
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Hi Sifus here
I'm looking for a housing loan, and I understand from what I read here that before HLBB & PBB typically offer the lowest rates, is this still correct? |
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Sep 21 2016, 04:30 PM
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#4
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Senior Member
5,193 posts Joined: Jan 2003
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QUOTE(ngph988 @ Sep 21 2016, 02:27 PM) What's the purpose of refinancing? To reduce interest or cash out from property Thanks ngph for your response Refinance will incurred entry cost unless the bank willing to absorb the moving cost. Entry cost : - Legal fees - Valuation fees - Stamp duty If you wish to cash out from property, cash out portion will be calculated at 10 years as threshold. Then you can prolong loan tenure to 35 years or 70 years old for repayment. Interest rate will follow by total loan amount applied & scoring. Maybank, CIMB, Ambank, RHB do provide decent rate as well. Subject to your loan amount and scoring. Do let me know if you have any further inquiries. . May I ask, which company now provides full flexi loan that I can put all my FD money into a current account instead and allow that cash to offset the interest fee? If possible I prefer the flexibility of being able to move the cash in and out via online instead of having to write/go to bank (as how I am using MBB's e-FD now where I can make placement / withdraw through online).Thanks! |
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Sep 22 2016, 01:24 PM
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#5
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Senior Member
5,193 posts Joined: Jan 2003
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Thanks for the replies guys
.May I ask, is putting RM50k into a flexi loan (of RM550k) yield the same interest amount paid as a loan of RM500k? |
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Sep 22 2016, 01:47 PM
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#6
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Senior Member
5,193 posts Joined: Jan 2003
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QUOTE(lifebalance @ Sep 22 2016, 01:30 PM) Yes putting in 50k is like putting back 50k you took as loan so they will calculate based on 500k interest rate on daily rest In this case, the only difference is that when I put in 50k on a 550k loan, i can take it out again, while if I start off with a 500k loan and pass the 50k on to the developer, I cannot take another 50k out of the loan, is that correct? |
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Sep 22 2016, 02:15 PM
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#7
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Senior Member
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QUOTE(lifebalance @ Sep 22 2016, 01:53 PM) Yes Awesome, TQVM |
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