hi wild card.
there's always a rumoured that islamic loan is hard to pay off and incurred a lot of additional charges.
can you let us know the clear and main differences of conventional loans against islamic loans?

and also differences between conventional versus semi-flexi and full flexi loans.

thanks.

am contemplating to refinance.
any free moving cost deal around?
and i do mean absolutely zero cost.

This post has been edited by kochin: Dec 18 2014, 02:29 PM

what happen if i accept the refinancing but subsequently dumps back the entire fund into the account?
i just want cash on call service and also the bank to safeguard my property title any penalty to do so?
it's a fully paid off property fyi.

got it.
worried that bank will kick me out if i park too little outstanding loan to them.
but generally yes.
i intend to do so.
now correct me if i'm wrong and allow me to illustrate further.
using your example.
assume refinance RM500k.
drawdown RM500k cash to me.
upon drawdown, i pump back rm450k as loan repayment (assume semi-flexi and not full flexi to avoid monthly fees).
so i still service full installment amount of approx RM2.4k per month based on RM50k interest chargeable, right?
upon my progressive servicing of the loan and when the outstanding principal reduced closed to zero, i apply for cash back out from the RM450k pre-payment and reset my outstanding principal to RM50k. and repeat all over again until my loan tenure is up or principal repaid in full.

so effectively if zero moving cost, i would get RM500k flexibility but interest based on RM50k for the entire tenure until i really withdraw RM500k for other purpose.

is that correct, boss?

please excuse me for my cheapskateness.

Great
so in theory i just need to refresh or withdraw RM50 every 2 years or so to maintain a minimal loan with the bank.
no monthly charges!

what are the documents you required to get 'quotation' from all 3 banks?
since this is a refinancing of fully paid prop, you only require documents of the prop, right? and nothing regarding my earnings?

cfa.... i want to buy into your area and be your neighbour lah.
but wait until more financial crisis looms ahead first. klci drop till 1200 points.

which bank offers zero lock in and attractive rates for now?

approx 420k sir.

thanks to both of you.

anyway, was genuinely surprised that the agent who submitted the application for me manage to get me 90% even though i clearly know i have 2 other existing resi loans.
so now the loan amount has grow to approx rm540k.

but comes with lock in.

am still exploring.

what are my alternatives?
and any explanation for them to grant me 90%?

if free of loan, then more. lol.

the 2 property i mentioned is currently still with loan installment sir.
and it's bank. not insurance.

This post has been edited by kochin: Jul 2 2015, 08:41 AM

nope. all are full HDA compliant products albeit sitting on commercial land and termed as serviced apartments technically.

for a 540k loan, what do you think chances of % lowest one can get?
so far, i only manage 4.45% full flexi without mrta

any compilation of respective banks BR and their absolute lending rates?
seems like a bit difficult to obtain each and every bank's BR.

thanks guys.

what is the best loan package for sub-500k loan now (probably circa 350k)?

preferably zero lock in, optional mrta.
thanks.

any pbb agents around?

thanks lifebalance

anybody can advise what is the best homeloan rates currently for say a 950k loan?
what is AIA fixed rate currently?

landed residential product.

in ringgitplus, PBB seems to be offering 4.35%. kindly confirm?