1) you need to also check the bank facility, like OCBC semi, to withdraw money you need to go counter... The convenience to bank in extra cash or redraw money is important...
I am not sure details on semi because I go for full flexi..
The logic behind, if my monthly salary is rm5k, I put into full flexi home loan for 10 days before paying other commitment like credit card and hire purchase... Interest 4.5%...i can save monthly interest RM6 for this 10 days... You can say monthly maintenance fee is rm10... But the math you can calculate based on your situation....
2) BR or spread.... Yes... I do research and found out...
Bank BR trend and the bank COF are very important compare to spread alone...
If you see MBB, for the past 4 years since BR implemented, the BR is steady with BN OPR... If BN raise OPR... MBB only raise... You compare with HLB.... Without changing of BN OPR... HLB already increase around 2 times....
You may unhappy why MBB charge you higher spread for their profit margin.... But I believe this high spread used to maintaining the bank facility... BTW, PBB BR also quite stable, following BN OPR decision... If you see RHB COF got increasing rate... That's why I guess they have to increase BR in April...
Imaging if OPR increase 0.1%, MBB BR increase 0.1%, will other bank increase too... Surely increase 0.1%.....so no difference if you choose any bank in term of ELR....
You see, if without OPR change, RHB or HLB increase BR to cover the COF... Let say 0.1%...now your HLB or RHB ELR is higher 0.1% than MBB.... Because MBB is so steady didn't increase BR because the BN OPR is maintained...
Anyway, if you got a lot of extra cash, increase 0.5% in your ELR does not seem so much different... You can simulate it and play around the figure...
Hope my philosophy clarified... BR trend is important for the past few years
Thanks for you inputs on flexi loans. Will consider it.
Yesterday went to request the PDS from the 3 banks (and boy you got all of them correct!) to compare the COF. I agree with you that PBB and MBB are stable compared to HLBB. I think I had made my decision. Thanks!