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Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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swing123
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 Nov 25 2024, 12:27 PM
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Getting Started
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QUOTE(mushigen @ Nov 19 2024, 11:35 PM) Depends on which bank. During my time of applying for loan, there were 2 types of caps: 1) HLB caps on the loan remaining amount. As in, if your loan balance is RM1mln, you can only offset 70% (iirc), i.e., you are still charged interest on RM300k even though your CA may have > RM1mln inside. 2) PBB caps on the balance in the CA. As in, if your loan balance is RM1mln and you have RM1.2mln in the CA, you will only be able to offset RM840k (70% of RM1.2mln) Some banks offer flexi loan with no capping |
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swing123
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Nov 25 2024, 12:30 PM
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Getting Started
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QUOTE(chenster @ Nov 19 2024, 04:17 PM) can i know how you guys look for loan to purchase a subsale house? Try contact some financial advisor/broker firms that offer loan brokerage, they usually hv a few panel banks on hand so no need go here and there to find out. Browsing websites of a few major banks is another option. |
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swing123
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Nov 25 2024, 04:05 PM
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Getting Started
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QUOTE(mushigen @ Nov 25 2024, 01:03 PM) Yeah, I heard rhb does that. When i was sourcing for mortgage loan few months back, came across 4 banks allows no cap limit but each has its own features and conditions. So, to the member posting the question looking for no cap, find our which banks offer this package and talk to their mortgage officer/broker to find out more details and evaluate which package suits you. |
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swing123
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Aug 13 2025, 09:51 PM
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Getting Started
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QUOTE(mushigen @ Jul 31 2025, 10:12 AM) Dear all, AFAIK, we appeal for lower interest when our loan is approved. Apparently it's sort of "SOP" when it comes to home loan. I had a discussion with CIMB loan officer. She said to appeal for lower interest, borrowers need to become preferred customers in order to get the interest lowered by 0.15%. Else, we must take the offered interest rate if we take up the loan - no grounds appeal. Anyone has similar experience? Or I kena goreng, in order for her to get credit for introducing people to become preferred customers? You were not goreng-ed, some banks give preferential package to priority banking/private banking/HNW clients, which can come in lower rate, higher principal offset (flexi loan), higher DSR and etc. |
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