Skim rumah pertamaku, if you met all these requiremen t http://www.srp.com.my/en/criteria.html

1. Given that you have enough cash to pay the full installment, Yes. Instead of paying interest that doesn't contribute to increase your house capital allotment.
Different bank has different regulations, usually when construction reaches 80% or 90%. It really depends. OR might able to start paying installment at 60%, try calling your bank and ask.

2. You will start paying off your installment and not dumping your cash into interest only payment.

Rate is based on the interest rate your bank present you with.

Charges is on the amount of disbursement.

Developer will have to follow schedule of payment based on the construction progress, so that bank will release the cash accordingly.

In the meantime, you will have to pay progressive interest. This is purely interest payment, it won't pay off the capital. Bear in mind, you will need to serve interest payment during construction, it will be a sum of money but we purchase undercon property with a lower price compare to completion price of the property

Progressive interest calculation
[(RM xxx X 4.5%) / 365 ] x number of days in the month*

The disbursement % will based on your S&P price stated and not your loan amount borrowed figure.

etc
S&P Rm500k Property, 4.5% interest rate.

1st disbursement 10% = RM50,000
[(Rm50,000 x 4.5)/365 ] X 30 = RM184 /month

2nd disbursement 10% =Rm50,000
[(Rm100,000 x4.5%)/365] X30 = RM369/ month

3rd disbursement 15% =RM75,000
[(RM175,000 X 4.5%)/365] X30 =RM647/month

Above is a simple simulation

The amount of progressive interest you are paying will based on the total disbursement amount. On the 80-90% of construction progress completion, you will be paying almost full installment amount. So it will be wise to call the bank and start paying full installment at 70-90% progress.

Different bank has different policy, some will allow you to pay full installment earlier, some will not

Hi. I am 23 and i also joint name with my gf which is also 23 to buy undercon house for own stay, we loan 600k, and dsr hit about 62%.
We have all 4 out of 5 banks approved! So i don't think young age should be a factor? It is but probably not the main one.

Anyway any sifu here can tell me which bank should i decide?
Public bank semi flexi 4.4% but we reject cause withdrawal rm50 which we cant accept. So left with 3 banks.

RHB- full flexi with 4.4% interest, no setup/withdrawal fee, unable to do online transactions, no withdrawal upon construction. With mlta

CIMB- smart flexi with 4.45%, rm10 per withdrawal but can withdraw anytime even construction timing. With mrta

MAYBANK- semi flexi with 4.4%, rm25 withdrawal fee, withdrawal only after 80% construction onwards. With minimum mrta

Still dilemma which to choose. Personally prefer RHB but heard the service very bad? Anyone had any experience?

Any comment?

Stamped by who? Thanks for the feedback.

How much is spa price and loan amount for 3rd property? Spa price need 600k above for 3rd property to get 90%

Got rental for 2 houses?