QUOTE(agusid @ Oct 21 2019, 04:15 PM)
I have choosen RHB...Which bank offer FULL FLEXI LOAN?, Any bank?
Which bank offer FULL FLEXI LOAN?, Any bank?
|
Oct 22 2019, 09:16 PM
Show posts by this member only | IPv6 | Post
#61
|
Junior Member
290 posts Joined: Nov 2011 |
|
|
|
|
Oct 28 2019, 01:42 AM
|
Junior Member
61 posts Joined: Oct 2006 |
QUOTE(agusid @ Oct 21 2019, 04:15 PM) CIMB should be the best, currently i have 2 fully flexi home loans from CIMBThe first i signed in year 2013, that time still dont have this capping / utilization rate thing, every month just pay RM10 maintenance fee. If your loan is RM300K, you put cash inside RM300K, bank will not charge a single cent on interest & at the same time every month deduct your principal (pokok, or bank calls it FACILITY LIMIT). You dont have to pay monthly instalment & if needed you can take out the cash at anytime you want (just go atm to withdraw with debit card) The second i signed in year 2018, bank already introduced this utilization rate thing (maybe they realized they're not earning any profit from loan interest). Meaning if your loan is RM300K, you put cash inside more than 30%, then bank will charge you RM40 + RM10 maintenance fee = RM50 I still signed it because it gives me flexibility and LIQUIDITY, meaning you can maneuver your cash whenever you need it without having to worry about process hassles If you consider other banks' 70% capping limit, this means that they will charge you interest even if you have already put in RM300K cash inside. That 30% charge of interest already MUCH MORE THAN THE RM40 that CIMB charges you monthly So hands down, CIMB provides the best option actually IMO This post has been edited by ddevil: Oct 28 2019, 01:53 AM |
|
Oct 28 2019, 06:14 AM
|
Senior Member
1,300 posts Joined: Sep 2012 |
QUOTE(ddevil @ Oct 28 2019, 01:42 AM) CIMB should be the best, currently i have 2 fully flexi home loans from CIMB But cimb always has the higher interest compare to others too..The first i signed in year 2013, that time still dont have this capping / utilization rate thing, every month just pay RM10 maintenance fee. If your loan is RM300K, you put cash inside RM300K, bank will not charge a single cent on interest & at the same time every month deduct your principal (pokok, or bank calls it FACILITY LIMIT). You dont have to pay monthly instalment & if needed you can take out the cash at anytime you want (just go atm to withdraw with debit card) The second i signed in year 2018, bank already introduced this utilization rate thing (maybe they realized they're not earning any profit from loan interest). Meaning if your loan is RM300K, you put cash inside more than 30%, then bank will charge you RM40 + RM10 maintenance fee = RM50 I still signed it because it gives me flexibility and LIQUIDITY, meaning you can maneuver your cash whenever you need it without having to worry about process hassles If you consider other banks' 70% capping limit, this means that they will charge you interest even if you have already put in RM300K cash inside. That 30% charge of interest already MUCH MORE THAN THE RM40 that CIMB charges you monthly So hands down, CIMB provides the best option actually IMO |
|
Oct 28 2019, 07:01 AM
|
Junior Member
61 posts Joined: Oct 2006 |
QUOTE(apalexar @ Oct 28 2019, 06:14 AM) There is one way of getting around thisBy getting CIMB preferred (premium membership), you can get preferential interest rate But I didn't get it though, I'm not sure if my banker tried hard enough so my rate was 4.7%, now BLR reduced so only 4.55% |
|
Oct 28 2019, 08:55 AM
Show posts by this member only | IPv6 | Post
#65
|
Senior Member
1,300 posts Joined: Sep 2012 |
QUOTE(ddevil @ Oct 28 2019, 07:01 AM) There is one way of getting around this That's quite high, doesn't matter banker try hard or not, cimb is known as high interest for mortgage loan, I also rejected it due to same reason.By getting CIMB preferred (premium membership), you can get preferential interest rate But I didn't get it though, I'm not sure if my banker tried hard enough so my rate was 4.7%, now BLR reduced so only 4.55% Currently having 4.2% with other bank after BLR reduced. |
Change to: | 0.0112sec
0.56
5 queries
GZIP Disabled
Time is now: 19th March 2024 - 08:01 PM |