Recently I’m applying for mortgage loan, the banker told me my CCRIS score is bad that the loan will be rejected because I have two months late payment on my credit card in 2019. Other than that everything looks beautiful. I now recalled back it was because I didn’t use that card anymore and got SST charge of 25 which I only noticed after two months and paid it off.

The banker advise either I can ask the bank to write a letter saying it was because SST but he said bank unlikely will do that, or to cancel that card and my CCRIS score will refresh again next month showing I don’t have that card anymore.

Just wonder anyone has experienced the same thing? Only RM25 late payment can cause such serious issue?

Should have cancelled that card....

Thanks for your reply. Ya I have already paid off last year as mentioned that I didn’t use it for quite a while that’s why I didn’t notice got SST charges. Close account means cancel the credit card right? Cause I don’t use it anymore so doesn’t matter. Need to close the current or saving account also?

Saw from ringgitplus Bank of China offers 3.8% interest in house loan, while the rest of the bank all above 4%. Do they really offer that low? Anyone have mortgage with them and is there anything to look out for?

This post has been edited by lcp0407: Feb 11 2020, 10:34 PM

This seems like way too good no?
Say if your loan interest is 4% and you put anything more than 5k in your account, say 100k, you are earning 1.85% on top of the saving of 4% interest on loan. Meaning for that 100k, you are earning 5.85% interest. And this is risk free 😱

Got a question on MBB semi flexi loan.
For example I’m having standing instruction to pay 5k monthly for the loan, and I put in one lump sum of say 60k, the standing instruction will stop and deduct the 5k monthly from the 60k until it finished. If I want to still pay monthly of 5k on top of the 60k I put in, I have to transfer manually of the 5k. Is there anyway I can keep the standing instruction continue even if I put in extra money?

This post has been edited by lcp0407: Feb 17 2020, 01:13 PM

Understand that the effective lending rate aka the interest rate charged on our loan is Base Rate (BR) + Bank’s spread rate.

So I assume BR follows OPR which is fine. How does the bank’s spread rate is determined? Will it change frequently?