Hi All.

I got my letter of offer from 2 banks.

Bank R: Housing Loan (RM 544,770) + MLTA (RM 13,985) with 4.40% interest rate.
Bank M: Housing Loan (RM 544,770) + MRTA (RM 27,732) with 4.35% interest rate.
Both are 35 years. Full Flexi.

I have used the loan calculators to check the interest rate payable from both banks in the span of 35 years (Bank R: RM 537,381.40, Bank M : RM 543,214.46).

I am planning to choose Bank R but I would highly appreciate any opinions/views/advises.

Thank you very much.

P/S:
I have done appeal for both banks to get the best interest rates.
MLTA from Bank R is fixed. One time payment of RM 13,985 for 20 years coverage (not yearly). I have double confirmed with banker.

Can MLTA/MRTA be purchased later? for example I bought a house a year ago without it and now I'm thinking of getting it, is it still possible?

To top up loan coverage really depend on your financial situation of your dependent. There is no 1 rules fits all.
Your calculation seems strange for balance of coverage. You just want to cover the remaining after the MRTA expired? Why not only purchase MLTA after the MRTA expired?
MLTA follows you, not your house, it is like life insurance. Upon maturity, you get back cash value.

1) May I know what you mean by 50% A and 50% B? What is A and B? ABC i know la.

2) Is there a possibility Insurance Company over charging me? Quite a heavy sum RM26k++++

3) Now which bank give the best rate in the Market so that I can apply loan for that bank. Can give short cut?

What if I already bought a property with MLTA say cover 500k premium and its match with the property price. And if I bought another new property again for 500k, do I need to buy another MLTA or just top up from the initial one to 1 million if I opt to full coverage? Did MLTA policy will show up which property you bought and cover with? Thanks.

What I have learn from my banker during my Ecohill purchase which I almost forgotten.

Assuming his monthly salary is RM9.2k.

RM9.2k minus RM1.2k minus RM2k minus RM2.4k minus RM300 minus RM500 equals to RM2.8k.

(RM2.8k x 70%) allows the above applicant to borrow approximately 90% of the RM300k property selling price.

Is that the formula?

Meaning to say RM9.2k darab dengan 70% is the RM8.5k

RM8.5k minus what is shown in the CCRIS (RM1.2k car loan)

RM8.5 - RM1.2 = RM7.3k

With RM7.3k I assume roughly can borrow RM700k loan.

Thanks for the great info..

If I still have an active degree account with PTPTN (means I am still studying) will it reflect in CCRISS??
Because I do not need to pay during this period of time because in the system I am still studying right.

Thanks.

As long as you are not blacklisted then shouldn't affect my loan so much right??

Hi,i'm planning to buy a property for investment, priced at 665k..so far rhb offered full flexi Islamic with effective rate of 4.3% with 90% mof.other condition is lock in period 3 yrs,ceiling rate of 10.25%..my questions r
1)is it good deal?
2)if I want to sell the property after 7-10 yrs,is it better to take Islamic or conventional loan?
3)is there any limit on the interest saving if we put extra money in the flexi account?
Tq

Hi everyone, just want to know,nowadays,if we purchase a new house unit,and half way construction,let say 30% completed, due to some reason,the developer stop their project,any law in malaysia to protect the buyer? or what will happen on the buyer? still need to pay the 30% that bank has released?

if i have some extra cash, should i use it to lower the amount of my housing loan or to clear my credit card?

Wanna ask, what kind of good loan package available for shoplot commercial(normal double storey shoplot), value 500k, currently with ambank outstanding 200k, plan to cash out or refinance for business purpose.

Ambank does not offer full flexi for cash out portion.

Which able able to do 30yrs and or competative rates?

Can we take MRTT with a normal loan ?

I understand thats it is more or less the same thing but MRTT is slightly cheaper ? if yes why is it cheaper ?

My gross : RM 31000 per month
Bonus paid by cash so no need to count bonus
contribute to EPF
no contribute to Tax( privacy)
manager currently

age 31

hire purchase 2 car loans RM2500 per month
Personal loan RM2400 per month
Overdraft RM17000
Credit card outstanding RM45000

how much can i loan for house? first time buying property here...

thanks!

hie bro just wondering how much can i borrow with my details?

thanks alot for the info bro. ohh means for the kwsp to work, i need to fork out rm100k to be only able to withdraw the rm100k after that?

1.Borrower
-age - 33 both of us
-No. of borrowers - 2person (both us)
-no. of housing loan - none at the moment

2. Income (borrower)
- Gross salary
A: 6200
B: 6100
-Variable income for business (6months latest) - none"
-OT - none
-Fixed allowance - none
-Variable Allowance (6months latest)-none"
-Bonus contractual (1 year bonus amount) - none
3. Supporting income (borrower)
-Tenancy agreement rental (6months) - none
-ASB ( 2 years total DIV) - none

4. Debt / commitment (borrower) "joint or indiv"
-Hire purchase loan (Borrowed amount) - RM101,000 (rm1400 mthly repayment)
-Housing loan (Borrowed amount) (Joint or indiv) - none
-Personal loan (Credit limit) - none
-PTPTN (credit limit) - none
-Credit card (Outstanding/usage) - rm2.2k per mth /8mths left
-ASB loan ( credit limit) - none
- Overdraft ( Credit limit) - none

4. Background (borrower)
-Occupation - marketing manager (both of us)
age - 33
-currently staying at? parents home, taman tun.

5. Property - condominium at bangsar
- purchase price - estimated RM900k
-subsales or underconstruction - subsales
- freehold or leasehold - freehold
- 1 borrower or joint borrower - joint borrower

meaning max 3.3M i can borrow

don't contribute to tax is not a problem, right?

Thanks for your suggestions. 

Any idea what is the lowest best rate that you mentioned?

Hi Guys,

I was offered by PBB for my loan:
Loan: RM 182,735 Tenure: 35 years. Interest: 4.75%
What do you think about this offer? Good/No good? Normal?