Hi guys,i dont know whether this is the right section or not to ask this question but i hope u guys can help me out. Btw sorry in advace for my bad english and noob question.

I wanna help my parent to make a loan. They got house and would like to pajak the house for the loan.they also thinking about refinance it.my question is:

1. What are the differences between pajak and refinance

2.which one better if my parent want a less hassle procedures

3. Which one u guys recommend?

I really noob at this.i dont know whether my question are legit or not.i didnt ask any bank yet as i want to bulk up a bit knowledge.I read that if refinance,no withdrawal.what does that mean?

Thank you in advance dear sifus

Is the house in question fully paid?
- no but only 3 year of debt left

Are your parents still working, what are their age
-61 and my dad government retired with pension rm4k

What is your age, are you working?
-27 and no

btw is it possible to do the loan under other person name or even mine (and put guarantor)?

This post has been edited by lol~: Jan 15 2015, 01:57 PM

u said the bank will give 90% money of the valuation of the property,is it possible to loan only 50% of the property value?just curious.

For no 4,yes.my brother net income 6k but is it possible to put someone other than family members to joint loan?

Thx for the explanation!one last question.do u happen to know if agro bank can do refinance?the original house plan and the current debt are under agro bank.was thinking about loan from them again to reduce the hussle (afraid if other bank want the original plan and need to go a lots of process to get the plan from agro bank)

I search on their website but didnt state anything about refinance loan

Another thing is,can I make the loan here at klang valley?the house is at kuantan

Ok thank you and thanks for the help

Hi,

1st home buyer here. I know u guys saw, read, reply the same thing a lot here but i have to ask again. I go through the reply and understand some explanation and some quite hard for me to digest as maybe i not in finance/banking line. I hope sifu here can help me on this. Here goes:

1. Flexi vs semi flexi vs fixed loan. Which one better?
- i someone who dont have huge cash on hand. Most only in investment which i dont want to take out (unit trust). From my understanding, flexi loan will only benefit if the loaner park his cash in the current account which link to the house loan (which i really dont understand why even tho i read it repeatedly). For me, i prefer something simple. Which type of loan should i go for?

2. mrta vs mlta vs mrtt
- i know this is important as it act like a life insurance for human where it will pay my loan if i die or if my house destroy. But what is the difference between them? Will i get a freedom to choose? Which one the best to choose? UPDATE - ok i already understand this one

3. Which bank have best interest rate?
- i going to go for 90% loan for a 320k house. Agent told me the rate around 4.7% but i check at loanstreet and ringgit plus it shows that i can get lower rate. And why same bank offer different rate on same plan? (Loanstreet vs ringgitplus).

4. Loan
- my agent highlight that some bank i really need yo avoid due to they are hard to negotiate if something bad happen. As a person who really dont have any experience on this, can someone suggest to me which bank offers good rate and good services?

I hope anyone can help me on this. Might submit for loan next week after all doc complete.

This post has been edited by lol~: Jan 15 2020, 07:25 AM

Hi Keith, how are u? Hope u getting better. Thx for the reply but can i ask u regarding below:

1. Why u suggest semi?

3. 4.3% which bank and which plan?

I see. Thx for the clarification.