Loan or cash buy
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 Jul 5 2016, 10:29 PM, updated 10y ago
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#1
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Senior Member
773 posts Joined: Oct 2008  
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I will be purchasing a 1m property, and I have 1m cash on hand.
(A) Should I take loan, and put the excess cash in FD? If yes, how much loan should I take? Loan interest is at about 4.5%, and FD interest at 4% (B) Pay with cash Which is the better option? Thank you. |
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Jul 6 2016, 04:07 PM
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#2
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(hwachong @ Jul 5 2016, 10:29 PM) I will be purchasing a 1m property, and I have 1m cash on hand. Uhm you can get a flexi loan and put the money into the loan account instead to hedge against the 4.5% interest and still got RM1 mil to roll around, feel free to ask me for any mortgage tips (A) Should I take loan, and put the excess cash in FD? If yes, how much loan should I take? Loan interest is at about 4.5%, and FD interest at 4% (B) Pay with cash Which is the better option? Thank you.   |
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Jul 8 2016, 02:23 AM
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#3
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Junior Member
316 posts Joined: Dec 2007 From: Kuala Lumpur
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Take full flexi loan.
Enjoy the cash with minimum charges. |
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Jul 8 2016, 09:32 AM
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#4
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Senior Member
2,309 posts Joined: Apr 2011
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QUOTE(hwachong @ Jul 5 2016, 10:29 PM) I will be purchasing a 1m property, and I have 1m cash on hand. get a full flexi loan facility and negotiate for the best price.(A) Should I take loan, and put the excess cash in FD? If yes, how much loan should I take? Loan interest is at about 4.5%, and FD interest at 4% (B) Pay with cash Which is the better option? Thank you. dump in the full amount borrowed to prevent interest being charged against you but take note if there are any "early settlement" charges hidden in your letter of offer. the benefit of a full flexi loan is that despite having dumped in the amount to the bank, you are still able to withdraw these monies out. |
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Jul 9 2016, 03:57 PM
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#5
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(hwachong @ Jul 5 2016, 10:29 PM) I will be purchasing a 1m property, and I have 1m cash on hand. it is better to pay cash if it is for own stay, especially for those who are older or going to retire. peace in mind. (A) Should I take loan, and put the excess cash in FD? If yes, how much loan should I take? Loan interest is at about 4.5%, and FD interest at 4% (B) Pay with cash Which is the better option? Thank you. in case something happen to you, who will continue the installments? unless you buy MRTA but it is very costly and not worth it. u need high discipline if put money in FD/ flexi account , you will use it one day. |
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Jul 9 2016, 03:58 PM
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#6
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(hwachong @ Jul 5 2016, 10:29 PM) I will be purchasing a 1m property, and I have 1m cash on hand. it is better to pay cash if it is for own stay, especially for those who are older or going to retire. peace in mind. (A) Should I take loan, and put the excess cash in FD? If yes, how much loan should I take? Loan interest is at about 4.5%, and FD interest at 4% (B) Pay with cash Which is the better option? Thank you. in case something happen to you, who will continue the installments? unless you buy MRTA but it is very costly and not worth it. u need high discipline if put money in FD/ flexi account , you will use it one day. |
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Jul 15 2016, 10:33 AM
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#7
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All Stars
10,510 posts Joined: Jan 2003 From: Atlanta 
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QUOTE(hwachong @ Jul 5 2016, 10:29 PM) I will be purchasing a 1m property, and I have 1m cash on hand. It is very much depends on situations and individual.(A) Should I take loan, and put the excess cash in FD? If yes, how much loan should I take? Loan interest is at about 4.5%, and FD interest at 4% (B) Pay with cash Which is the better option? Thank you. Maybe you can review more info about yourself here to get a more reflective suggestion. |
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Jul 15 2016, 04:58 PM
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#8
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Junior Member
51 posts Joined: Apr 2011
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Buy cash. then sell it for better price. profit!
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Jul 16 2016, 09:33 AM
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#9
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Senior Member
2,854 posts Joined: Jul 2013
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leverage out
paid 50%, use the balance RM500K to get another property/ investment interest in malaysia is still low |
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Aug 9 2016, 10:43 AM
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All Stars
11,943 posts Joined: Mar 2012 From: Kuala Lumpur 
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yeah leverage out, get a finance consultant to plan your 1m
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