You'll be basically just serving the bank interest only for the first 5 years. Thereafter you'll serve the remaining Loan as normal installment.

Such package is good if you got limited cash flow to repay the monthly installment initially but bear in mind your principle loan amount won't be reduced in these 5 years and would mean bank will still earning the same amount of interest without any reduction since no repayment is made towards your initial principle amount.

It's always best to pick the normal home loan method as it'll tell you if you can afford that property or not without incurring too much interest paid to the bank.

Cheers

This not a bad plan if you are looking to sell the property after 5 years. It coincides with the RPGT time-frame of 5 years too. This is better than getting an overdraft for some investors (flippers) because overdraft can be very expensive (high interest rates)
"Though you are allowed to pay less initially, the loan is flexible enough to allow you to pay more anytime, without notice and without penalty, to save on interest."

You are correct. You are allowed to pay more, in the form of capital repayment. So in your example above, you interest rates would be based on RM850k as oppposed to RM900k
19 years tenure. You can have the person's relative who are younger as the joint borrower, and the bank will refer to that younger person's age when calculating loan tenure

At this salary you can get up to 85% DSR

For loan calculation, can you provide:

1. Age (51)
2. Current banking commitments
3. Additional income (dividends, rentals, etc)
You would need to request for a redemption sum from the bank, which will be charged. Lawyer will also charge you fees on the redemption work. GST can be charged on those. That's about it.
Are you talking abou the new maybank product posted above or in general. If it is underconstruction, please read the LO. Some banks refuse to allow you to make capital repayment when the banks are disbursing money to the developer in stages. Other than that, you can definitely repay your capital ahead of time (read your LO, not all banks will use this money to reduce your capital outstanding)
Please get the redemption amount from the bank. They will give you multiple figures, to correlate with your intallment payments of today, and the next few months - lawyers will use the redemption sum to make the settlement for you, the problem is that money received may not be on any exact date, because people usually settle their home loan when they sell the property, of which you can't predict accurately when the money will be received by the purchaser/purchaser's bank
All the best.

Hi I also offered with Maybank semi-flexi loan but haven't sign yet. Your concern would be the monthly deductions from saving account when you pile them over to loan account will make your profile look not nice in bank statement?

After 1 year of being on my Maybank loan it's apparently a semi-flexi account. Do you guys think I can make it into a Flexi account?

Ultimately the only difference I see is that if it's a full flexi account is that I would have another current account that works like a bank account. I would prefer that at least I can just make that my normal bank account and would automatically just save me interest rates on my loan while also showing proof of savings.

With my current semi-flexi loan if i need to pull a bank statement my savings account would have lots of deductions because I pile them all in my loan account.

What do you guys think?