I can only discuss about the few banks that I represent

1. For Al rajhi, they require 3 months payslip with tallying bank statement. EPF statement is not acceptable.

2. For Maybank, they require both tallying bank statement as well as tallying EPF statement if you claim to be an employee.

3. For Ambank, 1 month bank statement and EPF statement is sufficient.

4. For HLBB, EPF statement alone is enough.

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5. As such, before I meet my client I always interview them on the banks they wish to apply, or the types of employment they hold. Depending on their needs, I will refer them to the right banks and tell them the documentations that arequired.

Typically, he is the list of documents that clients need to prepare, but subject on the banks they are applying for as well and the availability of the documents. To make things easy, it is good to prepare a complete set of documents.

Hello Joshuaa85, thanks for remembering me.

1. Yes and no, it depends on the facility that you got. Usually you would have to make you intent known to your banker during the application. For OCBC for example, depending on what you requested, they will or will not allow you to pay the full installments during the construction period.

I would suggest though, that you call your bank directly and ask them for your specific case. Good luck with that!



2. Yes, you can go to the counter and tell the teller that you need to deposit so and so money to your loan account as capital repayment.

Dear joshuaa85

Just my 5 cent

1. Usually you are not allowed to pay full installment from the start of under construction till the end, but some bank allows it. It needs special grant which are subjective to approving such grant.

You can actually start paying full installment when the undercon property has completed to 80-90% stage. Write a letter to bank and ask for grant to start serving full installment.

2. Usually, cheque and over the counter.

Fire insurance is normally recommended by the banks to secure your housing loan as part of the requirement. If you purchase a condo. It's normally bought as a bulk under the condo management for each unit.

The fire insurance is to safeguard your property on the event of fire.

You must have sign on something to give permission to the bank

It's already charge and the cover note is issued. Canceling it will just waste your money. Just don't renew it next year.

My experience for condo is, i showed them the management fire insurance copy and get refund for the premium charged by bank.For condo, as long as has fire insurance then no need purchase. not sure for landed though.u might need to check with your bank.

Dear,

1. Fire insurance are prerequisite for house owner as it's property biggest risk

2. Bank will usually bundlr the fire insurance upon your mortgage loan. Compulsory

3. If ur property is condo bank won't bundle it together as it's all manage by the condo management unit.

4. If it is landed, then u need to pay for the fire insurance.

5. However, u can use back ur previous fire insurance when u refinance. Just need to send the banker ur previous fire insurance cert doc to continue it. However, it will be troublesome. As u need to show them the fire insurance cert every year to proof that u have fire insurance covered every year

6. Usually it is stipulated in ur letter offer. Small fine print and also stipulated in ur loan submission form.

Ala don't sad la. The fire insurance is good also for you. Just only few hundred a year to cover few hundred thousands asset.