You will keep seeing profit charged on every month end in your Statement as the profit is normally charged on daily basis and billed on monthly. Also, you will notice the small subtle difference amount due to number of days in a month and also the reducing balance on your financing.

Most of Banks showing this type of Statement as it is norm unless your
loan is based on Car HP calculation or Fixed Rate calculation.

1. rate is ok.
2. You need to check on the MRTT details such as amount and tenure to ensure it is adequately covered. In view your loan is RM750K, best assured you are adequately covered by MRTT or any other Takaful. If not taking with the Bank, norm is there will be different profit rate to be considered.
3. Valuation Fee is charged by Registered Valuer.

As for rate, can get around 4.22% for the loan amount.

MBSB rate is traditionally higher.

Please check Fire Insurance, normally it is payable annually unless your property is Condo.

Agricultural Land, there is a limit of the size of the house you can build on the land. 20% of the land size of I am correct.

You can’t get construction loan if you wish to build a house on agricultural land.

However, you can refinance the agri land and uses the fund to build the house.

Different bank offers different rate, what I can tell is the rates the Bank I am working is offering.. 7.47% pa for land loan and payable in 15-20 years.

MRTA covers death and TPD, claimable upon death or TPD.
CI is claimable upon critical illness.

As for rate, 3.90% is significantly lower hence more preferred.

The question will be would how your MRTA is covered. PBB offers RM300K each, how about MBb?

RM300K is each... for PBB.

RM500K is each or only 1 person ?

If loan, Banks dont care whether 70% or 90% when come to default. Default is default.

It will come to affordability and stress, if you can afford to pay then it is ok. Some cant handle the stress knowing you have a huge loan and it will lingers in your mind.

Of course you can apply 90% and dump $$$ into your loan later if it is semi flexi.

Semi Flexi allows you to withdraw the cash back. Take back will incur charges.

Frankly 3.90% pa is quite high, sure it is from MBB?

Can try get lower around 3.70 ~ 3.80% from other Banks.

Refinancing incurred Legal Fees, so must consider reason for refinancing.

If for rate reduction, best you could get is around 3.70~3.90% depending on Loan Amount.

Say, 3.70%. your savings is just 0.22% pa and if loan is RM300K.. it is merely RM660 on first year.
The outlay costs of Legal Fees and Valuation would require a substantial payback period before you really gets to enjoy savings.

It will be different if you wish to take out monies for real purpose.

So, if reason to save on interest.. should approach with higher repayment to reduce payback period. It would be better option than to let Lawyer, Valuer, LHDN and Govt Offices earn those initial outlay for refinancing.

If it is conventional, you would need to redo the loan by refinancing. No other option.

No choice, if it is conventional loan.. already signed the standard Conventional Agreement.

If you want Islamic, so need to sign Islamic Financing Documents.

If don’t mind, then continue your conventional loan instead of incurring refinancing costs.

Most Banks? Just submit and ask.

(3) MRTA/MLTA
Which one is advisable for first property, for own stay.
How much additional per month needed if amortize into the loan?
I heard, most banks will require you to opt-in their policy to enjoy better interest rates.

~ You are taking Above RM500K loan, technically should cover yourself with insurance or else next of kin going to scream blood. As for MRTA or MLTA would depends on your appetite or ability.

(4) Semi/Flexi Type
In my understanding, both shared similar characteristics.
But Flexi offers better cash flow option, with higher charges? I'm confused.

~ Different banks, different product features on Full Flexi. So got to measure them up properly.

(5) Banks
Typically, Bank C has the most transactions as it's salary account.
Other 2 banks in considerations are Bank P & Bank M.

~ Choose the better rates and also whether your FA is reachable if you have any queries even after the deal is done.

Should be able to get 3.70% ~ 3.80% pa.. as for Base Rate, should refer to your FA as they would know what they are offering.

Ideally the lower the better as the spread is normally fixed unless you default in payment.

However in the end, the net effective rate also to be considered as this is what you will pay for as some Bank’s Base Rate is higher but spread is lower but you will be at risk of future Base Rate revision.

BR is dependent on the banks’ benchmark cost of funds and liquidity, and can be reviewed by banks anytime even if there are no changes in OPR.

What is the financing amount? Normally rate offered around 3.7% - 3.8% can be considered ok.