Hi all,

I got questions on loan.

I just got a RM 920K unit in Armanee Terrace 1. Intend to take a RM 500K loan, with EPF. I have 3 properties already.

Any loan officer pls PM me.

What is the best loan package with lowest ELR?

Any lawyer pls PM me, seller intend to join me as well.

Alliance Bank, they will try to appeal lower rate.

Try aaliance bank, officer appealing for 4.40 vs 4.45 for some of the banks.

I tried recently both PBB and alliance, only alliance willing to appeal for 4.40. PBB said best rate is 4.45.

Which flexi loan bank has consolidated stmt?

I know chartered bank and hong leong has consol stmt...meaning that stnt got current account txn details and loan details

Does alliance has? Any other bank?

This post has been edited by hondaracer: Apr 3 2015, 06:26 PM

For which bank and wat loan amount?

I called up more than 10 banks, including harimau & 2 foreign bank, for loan amt RM 500k for subsale leasehold condo: only 4 said can-do and 1 said can appeal for 4.4 for loan above 500k (all 4 said can appeal if loan abt 1 mil - no commit on rate), rest said "no appeal, best rate.".

Reason given by no-do banks: property is leasehold more than 10 years without strata title. I learned something after 3rd no-do bank said that.

Not generalizing but real situation above; so what is the criteria for successful appeal? What is the criteria for giving lowest/best rate?

Oh yes, lastly, the rest of can-do bank said they are willing to appeal to match if can see offer letter.

This post has been edited by hondaracer: Apr 4 2015, 08:00 AM

Thanks for info. So noted maybank, public and cimb for 500-700k.

Looks like alliance bank is hungry for business.

Thanks.

My loan amt RM 500k from cimb, no MRTA, 23 years, Full Flexi, rate is 4.45.

Yes

Good

Ask officer to appeal for 4.45%, no loss.

Hi all,

I am in the process of buying subsale condo, my first subsale. I have applied for cimb flexi loan and cimb has approved.

Already SnP signed off & stanped and paid 10%, and loan agreement I have signed. Both I and vendor have same bank but different branches of CIMB bank. Already got the developer consent as still under master title; so 4 months till keys are handed to me, I asked for 1 additional month for EPF to disburse.

Question:
(1) When will the bank start to process loan to vendor? I am now waiting for EPF to bank into my acct; then I have write cheque to my lawyer to send to vendor lawyer.
(2) Valuer told me he will complete his report this week after viewing the property and valued it as per my SnP.
(3) How long does a bank complete the payment to vendor?
(4) what ate the next steps and duration?

Any taiko can help?

Thanks

This post has been edited by hondaracer: Jun 2 2015, 11:43 PM

CIMB, I got the same rate 4.45% without MRTA recently.