Hi guys,

For those that have applied for the loan, which banks did u applied with?

I am currently in the midst of applying loan. Hong Leong and RHB told me they have to check and obtain some kind of approval before they can proceed with the loan application for this project. Did any of you encounter similar experience? Thanks.

So far, I have only submitted my loan application to Maybank. For RHB, I contacted the bank officer that was listed in the list provided by the developer. He told me he is still waiting for RHB HQ approval to proceed with loan applications for this project. He said it might take another 1-2 weeks and he will update us (he mentioned a few other buyers contacted him as well) once he received HQ approval to proceed with the loan application. So I guess for the mean time, I will submit my loan application to Public Bank first.

Do you know if the developer has set any deadline to obtain the loan and sign SPA after booking the unit/paying the 30k? I forgotten to ask them about it.

Oh, 2-3 weeks is pretty short period of time I think I'll give them a call to confirm. Thanks!

I randomly visited the developer's website today and realized that they have finally updated the project on their official website. http://www.danaulumayan.com.my/v2/proj_hijauanlumayan.html.

If you scroll to the bottom, you will be able to see pics of Development progress as at 14 December 2015.

If you don't mind me asking, is ur RHB loan inclusive of MRTA? My loan from RHB was approved as well, 90% loan @ 4.55% without MRTA. The officer mentioned that if include MRTA, maybe can get 4.45%.

This post has been edited by kakashin: Feb 22 2016, 03:52 PM

I had the same problem as well. Lawyer told me they were waiting for the letter of instruction from RHB. Made a few calls to the banker and then the lawyer. Found out that the problem was on the lawyer's side, did not update their details with the bank or something. Called the lawyer to ask when can I sign the loan agreement and informed that the developer is expediting for payment.

Anyway, I'm not sure whether the letter of instruction has been issued by RHB HQ to the lawyer but I have signed the Loan Agreement last week.

What I've learned is you just have to keep expediting the banker/lawyer until everything is settled.

Yup, Sharmin Ong & Partners. Maybe you can try calling them up and asking them when will you be able to sign the loan agreement. Let them know that the developer is expediting for payment.

I signed it last Wednesday.

Nope, I don't think so...going to call and check with the lawyer tomorrow on the progress. After stamped then only I'll have to expedite the banks to release the money to developer How about you? Any luck with the loan agreement?

Hi, has anyone gotten their loan agreement stamped and loan disbursed? or is it still being delayed due to pending letter from bank islam/developer's side?

Bro, want to check something with u since u took islamic loan as well. Did u get the 20% off stamp duty for islamic loan?