hi guys,

Need some advice, applied loan with 3 banks last monday

RHB - approved within 2 days, rate 4.4
HLB - approved within 3 days, rate 4.5
CIMB - approved with rate 4.45 but according to my banker appealing for 4.4

honestly i would prefer to go with CIMB but the problem is the banker doesn't keep me updated and i constantly need to check with him, got the feeling as though he is not interested in doing business

is CIMB bank typically that slow or is it the banker problem? can i request to change to another banker?

or if i would to go with RHB is it ok?


thanks

with mrta, loan 640k
no response from maybank as well for me, banker seems not interested

although this is stated in the agreement but i still feel this be too harsh not for my case only but also to all the borrower...BNM should stop this....the late payment interest already sufficient to protect their bottom line and the profit are not eaten up al all.....this current measure is indirect to ask the client to bang the wall or seek for akpk...if asking for akpk, the profit margin will be worst if compare to original rates....be increasing to blr+xx is really a lose lose measurement. assuming you loan 500k, this measure may make u pay another few hundred k interest maybe, who can afford to?

mine was 1.5% of loan amount though

Sure can help

1. For purchase or refinance?
2. What is the first letter of the loan applicant's name?
3. What is the built up area?
4. I know it is a basic unit, but can you show me the photos?

RM270k, RM280k, RM280k, RM260k, RM270k from 5 different valuers

Different banks have different valuers

hehe, that is another example, im the first one to reply the house value. In the end just nothing. However, their lauchinig price is RM290, so i think there is no room for him to cash out unless his first loan margin is very low.

if launching is RM180k.. assuming th eloan was 90% of that, and its been a few years.. should be about RM150k O/S... at 270k, loan amount is Rm252k, that is 100k of cash out.. i would say, do it if you need the money.

I cant answer for you

i have a question on MRTA, appreciate some guidance. Loan amount RM588k

I have been offered by 2 banks same loan amount, one bank (Bank B) higher interest rate by 1.7% than Bank A

However the MRTA is different by both banks. bank A asking for RM30k (35+4 years for construction period) whereas bank B asking RM17k (35 years). in the end both installment virtually same amount

why 2 vastly different MRTA amounts? which should i choose and why?

1. If you're buying into the project then it's subject to the developer to give you a time limit to apply for a loan. I'm sure they would extend the application time for you during this period.

If it's already completed, then it's subject to your seller to give you the timeframe to apply for the loan. You will need to negotiate for that.

2. Yes, like myself, am still working to get loans for people haha

3. No, you can only do so after your loan agreement and SPA is signed.

Simple calculation on how much u can save on monthly interest with lump sum payment of 50K to the principal.
Worth to do that ???

Why not use that money to have a good trip to Iceland with family rather than to save RM188 ?!

Hi all, wanted to get some input from expert here, i have a mortgage loan with CIMB and it is still under progressive interest period. When signin the LO, it is stated that my monthly payment around RM25xx, with 4.x%.

But since recently there were few OPR cut and latest rate is at 3.5%, my monthly payment stated in CIMB Click is still same RM25xx as stated during LO sign which is few years ago with 4.x%. Anyone have idea why this happened or have met the same issue before? Is it because they haven't update the system with new instalment amount? Additional info, I am taking HomeFlexi Smart, which is a semi flexi loan.

Hope can get some input here. Thanks in advance.

Ya, i do notice the progressive interest is lower, just wonder why is the monthly installment remained. Alright, thanks for the explaination.

Got

Going to buy a subsale landed property at last. Wondering is the any bank offering free legal fees on loan agreement.