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> CIMB flexi charge, increase to RM40 per month

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lorrydriverrocks
post Jun 23 2016, 09:46 PM

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QUOTE(Unknown50211 @ Jun 23 2016, 09:14 PM)
Hi All,

I just received my monthly "Instalment/Interest/Principal Due Notice" statement.

I noticed the Interest Rate has increased 0.1% for this month. Which is also 0.1% increase from what I sign up for. Last month was still OK.

Is this expected? The interest rate will fluctuate?

Anyone experience the same?

Thanks!
*
should be related to this

http://www.thestar.com.my/business/busines...it-a-few-banks/

QUOTE
CIMB Bank has raised its base rate by 10 basis points (bps) to 4.1% effective June 9, 2016.

Unknown50211
post Jun 23 2016, 09:52 PM

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QUOTE(lorrydriverrocks @ Jun 23 2016, 09:46 PM)
Sigh... mad.gif

So I guess I am not the only one.

Thanks for the note lorrydriverrocks. Appreciate.

Cheers.


dannychen
post Jun 23 2016, 09:57 PM

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QUOTE(Unknown50211 @ Jun 23 2016, 09:14 PM)
Hi All,

I just received my monthly "Instalment/Interest/Principal Due Notice" statement.

I noticed the Interest Rate has increased 0.1% for this month. Which is also 0.1% increase from what I sign up for. Last month was still OK.

Is this expected? The interest rate will fluctuate?

Anyone experience the same?

Thanks!
*
read here
ManutdGiggs
post Jun 23 2016, 09:57 PM

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QUOTE(Unknown50211 @ Jun 23 2016, 09:52 PM)
Sigh...  mad.gif

So I guess I am not the only one.

Thanks for the note lorrydriverrocks. Appreciate.

Cheers.
*
Quite a number of banks oledi raised it wo. Cimb OK la. They r the later ones.
Jasoncat
post Jun 24 2016, 12:13 AM

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QUOTE(Unknown50211 @ Jun 23 2016, 09:14 PM)
Hi All,

I just received my monthly "Instalment/Interest/Principal Due Notice" statement.

I noticed the Interest Rate has increased 0.1% for this month. Which is also 0.1% increase from what I sign up for. Last month was still OK.

Is this expected? The interest rate will fluctuate?

Anyone experience the same?

Thanks!
*

fyi:
https://forum.lowyat.net/index.php?showtopi...post&p=80431956
Unknown50211
post Jun 24 2016, 12:44 AM

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QUOTE(Jasoncat @ Jun 24 2016, 12:13 AM)
Thanks! Appreciate that. notworthy.gif
i-nub
post Jul 26 2016, 11:59 PM

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Anyone receive any letter from CIMB which offer switching the home flexi to home flexi smart? The cons of switching to home flexi smart is waive monthly service charge of RM10.00 but the down side is the prepayment turn around time is 3 workings days. Anymore pros and cons to share? the campaign end at end of july.
btan
post Feb 15 2017, 05:27 PM

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QUOTE(i-nub @ Jul 26 2016, 11:59 PM)
Anyone receive any letter from CIMB which offer switching the home flexi to home flexi smart? The cons of switching to home flexi smart is waive monthly service charge of RM10.00 but the down side is the prepayment turn around time is 3 workings days. Anymore pros and cons to share? the campaign end at end of july.
*
didnt notice that.

smart is more better?
JamesPond
post Aug 29 2017, 02:40 PM

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end of story...
you guys got what you want?
commtrader
post Oct 27 2017, 12:21 PM

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Hi i want to ask what is the things to take note of this home flexi smart account?

how does the prepayment work? need to be multiple 1k only can reduce interest?

how come there is a sudden change from RM40 per month to zero...
Unknown50211
post Nov 27 2017, 12:00 AM

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Hi,

I received a tax invoice from Berjaya Sompo insurance for the property that I bought (just VP). But it was not a request from me, I assume is from CIMB. I wasn't aware/inform of this insurance.

My guess is this is for the fire insurance, but this already covered by the property management. Can I request to cancel?

Anyone got the similar invoice as well?

Thanks.
SUShioniq
post Nov 27 2017, 07:49 AM

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QUOTE(Unknown50211 @ Nov 27 2017, 12:00 AM)
Hi,

I received a tax invoice from Berjaya Sompo insurance for the property that I bought (just VP). But it was not a request from me, I assume is from CIMB. I wasn't aware/inform of this insurance.

My guess is this is for the fire insurance, but this already covered by the property management. Can I request to cancel?

Anyone got the similar invoice as well?

Thanks.
*
Happened to me, I wrote the eamil to cimb and they requested to provide the copy of master insurance. I got the master copy from management office and forwarded to cimb, then cimb cancelled this insurance. But you have to do it yearly
Unknown50211
post Nov 27 2017, 11:38 AM

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QUOTE(hioniq @ Nov 27 2017, 07:49 AM)
Happened to me, I wrote the eamil to cimb and they requested to provide the copy of master insurance. I got the master copy from management office and forwarded to cimb, then cimb cancelled this insurance. But you have to do it yearly
*
Yearly have to send the Same master copy back to CIMB? Until the loan is cleared?

According to my property management, they already forwarded the master copy to CIMB back in Sep. So I don't know why this insurance thing still comes in.

confused.gif


Unknown50211
post Sep 3 2018, 11:00 AM

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Hi All,

Anyone know what are the difference charges below:


1) OUT : PRINCIPAL ADJUSTMENT - RM10

2) IN : CAPITALISED - Serv Chg/Maintenance - RM10

3) OUT : CHARGE - Serv Chg/Maintenance - RM10


This recurrence charges every month. So in a way, CIMB charge RM20 every month?

Thanks.
Centrina08
post Apr 28 2019, 05:55 PM

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QUOTE(i-nub @ Jul 26 2016, 11:59 PM)
Anyone receive any letter from CIMB which offer switching the home flexi to home flexi smart? The cons of switching to home flexi smart is waive monthly service charge of RM10.00 but the down side is the prepayment turn around time is 3 workings days. Anymore pros and cons to share? the campaign end at end of july.
*
I choose to remain using Flexi because the RM40 charge is not charged anymore. Am told it will only be charged for new Flexi Loan people. I am now wondering if the RM40 is really not charged or it is included in the interest amount monthly?

This post has been edited by Centrina08: Apr 28 2019, 05:55 PM
Centrina08
post Apr 28 2019, 06:03 PM

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QUOTE(Unknown50211 @ Sep 3 2018, 11:00 AM)
Hi All,

Anyone know what are the difference charges below:
1) OUT : PRINCIPAL ADJUSTMENT - RM10

2) IN : CAPITALISED - Serv Chg/Maintenance - RM10

3) OUT : CHARGE - Serv Chg/Maintenance - RM10
This recurrence charges every month. So in a way, CIMB charge RM20 every month?

Thanks.
*
My understanding is only RM10 (OUT)is charged for existing Full Flexi Loan people. The RM10(OUT) charged is forfeited with the capitalised rm10(IN means cimb pay you back the money). Please correct if I’m wrong.
Centrina08
post Apr 28 2019, 06:05 PM

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Next question is can we still convert from Full Flexi to Semi Flexi so that we can save rm10 every month now?
aspartame
post Apr 28 2019, 08:57 PM

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QUOTE(Centrina08 @ Apr 28 2019, 06:05 PM)
Next question is can we still convert from Full Flexi to Semi Flexi so that we can save rm10 every month now?
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No big deal la... it’s only RM10 per month
ddevil
post Sep 26 2020, 09:00 AM

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https://www.cimbbank.com.my/en/personal/ban...calculator.html

check this link to see if RM40 Flexi charge applies to your loan
the calculation is very straightforward

RM100K is your loan amount, RM80K is the cash that you have put into the account. This means your "Monthly Utilisation Rate" is above 70% (80k/100k=80%), RM40 Flexi Charge is NOT APPLICABLE, which means the bank will not charge you RM40

Flexi charge RM40 only applies to full flexi loan, not the flexi smart loan
Loan officer most probably will push you to take flexi smart loan, cuz the rate is usually more attractive/lower but it wont be much lower (in my case only 0.1%)

Hope this helps

This post has been edited by ddevil: Sep 26 2020, 09:02 AM
Aimer247
post Oct 3 2020, 11:35 AM

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QUOTE(ddevil @ Sep 26 2020, 09:00 AM)
https://www.cimbbank.com.my/en/personal/ban...calculator.html

check this link to see if RM40 Flexi charge applies to your loan
the calculation is very straightforward

RM100K is your loan amount, RM80K is the cash that you have put into the account. This means your "Monthly Utilisation Rate" is above 70% (80k/100k=80%), RM40 Flexi Charge is NOT APPLICABLE, which means the bank will not charge you RM40

Flexi charge RM40 only applies to full flexi loan, not the flexi smart loan
Loan officer most probably will push you to take flexi smart loan, cuz the rate is usually more attractive/lower but it wont be much lower (in my case only 0.1%)

Hope this helps
*
so in conclusion. As long as I still owe 70% or more toward the bank, they wont charge me RM40 flexi charge.

Eg:
1) Loan 100k, account balance 30k = wont be charged RM40

2) Loan 100k, account balance 50k = will be charged RM40

Am I rght to say it like this??

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