Recently applied for a mortgage, all applied banks ask for proof of FD/savings. How much do I need to keep in my savings to get lower interest rate?

Received the following offers for Home Loan:

Public Bank - Semi-Flexi, 85% SPA Price, MRTA RM10,558 covering RM258,200 for 35 years. 3,80% interest, RM50 charge on any withdrawal

RHB - Full Flexi, 90% SPA Price, MLTA RM28,716 covering RM600k for 30 years, 3.85% interest, no maintenance fees

Maybank - Full Flexi, 90% SPA Price, MRTA RM1,754 covering RM300k for 5 years, 3.80% interest, no maintenance fees, RM25 charge on any withdrawal

I assume the clear winner here is Maybank? Is there anything else I am missing out on or could nego better?

Proceeded with Maybank. Out of the 3, their app and process for the loan repayment etc is the most seamless and straightforward especially if you already have a bank account with them and know how to use their app. Highly recommended!

Not compulsory by law but most banks would require you to take some form of insurance with them in order to qualify for their lowest possible rate.

Not true from my experience, if your credit profile is good and have a decent coverage of life insurance already, the banks will usually reduce their insurance requirements in order to seal the deal.

Yeap this is consistent with what the banker told me.

No increase already thank god. Hope western countries don't impose sanctions on Malaysia after PM and Putin become best buddies...

your agent bullshitting you lol probably try hard to close deal so can earn commission

Depends. Go bank and ask lor. Add up all the costs for all scenarios and see which one costs less in the long run. I dont have the full details of the arrangement so wouldnt know how much it would cost.

Of course you can, always apply to other banks to get the best offers. But from my experience, HLB and MBB already offer one of the best dy

What rate did you get from UOB and OCBC?

Good rate

Nego down the insurance amount