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> Helpless here, Sign wrong agreement

singguli
post Nov 5 2018, 12:00 AM, updated 2w ago

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Dear Sifu,

anyone can give advice.

I sign wrong loan agreement amount.

My SPA Rm 410K
Loan Rm 370K
But my selling price in Loan agreement is 1.7Million
The outstanding in UOB online banking show outstanding Rm 1.4 million.
I just noticed after 1 year.

Inb4 TS careless stupid. Helpless here.

Appreciate for any advice

This post has been edited by singguli: Nov 5 2018, 01:44 AM
TiramisuCoffee
post Nov 5 2018, 01:11 AM

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Go back to your lawyer. Seek advice from him?
singguli
post Nov 5 2018, 01:41 AM

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QUOTE(TiramisuCoffee @ Nov 5 2018, 01:11 AM)
Go back to your lawyer. Seek advice from him?
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Ya, Sleepless here. Do you know what is the worse situation? What if I cancel this loan agreement only pay the penalty and the load amount released to developer right?

This post has been edited by singguli: Nov 5 2018, 01:48 AM
singguli
post Nov 5 2018, 01:53 AM

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QUOTE(icemanfx @ Nov 5 2018, 01:49 AM)
Have you been making loan repayment? How much per month?

david_77
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Yes. Started already. Now every month Rm 500.
My loan only Rm 370k. But deferred sale price is Rm 1.7Million

This post has been edited by singguli: Nov 5 2018, 01:54 AM
Red_rustyjelly
post Nov 5 2018, 01:54 AM

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no sifu here, but something fishy about your UOB-> Loan -> Seller .

Seller send his own copy of SPA to UOB or you send your copy to UOB?
If your SPA is written 370k, wtf is your UOB giving out 1.7 million loan?

singguli
post Nov 5 2018, 01:55 AM

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QUOTE(Red_rustyjelly @ Nov 5 2018, 01:54 AM)
no sifu here, but something fishy about your UOB-> Loan -> Seller .

Seller send his own copy of SPA to UOB or you send your copy to UOB?
If your SPA is written 370k, wtf is your UOB giving out 1.7 million loan?
*
My loan very clear in UOB statement is Rm 370k but it state my outstanding selling price is Rm 1.4 million. I'm clueless here

This post has been edited by singguli: Nov 5 2018, 01:57 AM
jungirl
post Nov 5 2018, 01:59 AM

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Islamic housing loan?
NaGeNaZ
post Nov 5 2018, 02:03 AM

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Those lawyers at legal office get easy money for handling property transaction. This type of documents usually handled by junior in the office or clerks. I had experience where IC number was wrong and it caused great time loss to sign SPA then I was subjected to late interest. For your case, you can refer back to lawyer first. Usually they able get it corrected since they have reputation on the line.
singguli
post Nov 5 2018, 02:07 AM

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QUOTE(jungirl @ Nov 5 2018, 01:59 AM)
Islamic housing loan?
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Yes, is this something related to Islamic loan?
Cannot be the Rm 1.7 million I just signed like that.

This post has been edited by singguli: Nov 5 2018, 02:13 AM
singguli
post Nov 5 2018, 02:12 AM

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QUOTE(NaGeNaZ @ Nov 5 2018, 02:03 AM)
Those lawyers at legal office get easy money for handling property transaction. This type of documents usually handled by junior in the office or clerks. I had experience where IC number was wrong and it caused great time loss to sign SPA then I was subjected to late interest. For your case, you can refer back to lawyer first. Usually they able get it corrected since they have reputation on the line.
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Thx, I relief a bit.
jungirl
post Nov 5 2018, 02:21 AM

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QUOTE(singguli @ Nov 5 2018, 02:07 AM)
Yes, is this something related to Islamic loan?
Cannot be the Rm 1.7 million I just signed like that.
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Yeah, Islamic loan outstanding calculation are different as the amount added profit, cost and etc. You may check with the bank officer
singguli
post Nov 5 2018, 02:25 AM

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QUOTE(jungirl @ Nov 5 2018, 02:21 AM)
Yeah, Islamic loan outstanding calculation are different as the amount added profit, cost and etc. You may check with the bank officer
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Damn it. Should be. I must be forgot what the bank officer told me.
ManutdGiggs
post Nov 5 2018, 04:52 AM

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Islamic loan la. They included ethg tat ll incur til the final day. Oso include penalty in case u run road.

Look at the yearly statement. The total deduction is higher than Wat u hav paid wan lo.
se800i
post Nov 5 2018, 08:09 AM

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QUOTE(singguli @ Nov 5 2018, 03:07 AM)
Yes, is this something related to Islamic loan?
Cannot be the Rm 1.7 million I just signed like that.
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if it is an islamic loan.... That amount that reflcted in your online system is including the interest amount for that particular years that you will need to pay....
I have a question, why dont you call the bank to ask why it is different with your SPA price and online system? I believe they will give a brief explanation to you.
Go consult your banker/UOB customer service... They are more professional to help you... If after their explanation, and yet still couldnt resolve your issue. Then you bring it up here see how all the sifu can help you
brother love
post Nov 5 2018, 08:10 AM

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I tink not only yur case, some oter banks oso practice tis , add total interest etcetc into loan and than the statement will BAMMM show u become ovwrnight millionaire although pinjam sikit only

PINJAM RM350K DAPAT RM1 MIllion +++

UNTUNG LO HAHAHAHHA
se800i
post Nov 5 2018, 08:11 AM

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QUOTE(singguli @ Nov 5 2018, 03:25 AM)
Damn it. Should be. I must be forgot what the bank officer told me.
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when signing the agreement, why dont you ask the banker? I believe when you sign the SPA.... The amount of 1M ++ should have written there.....
Unless you didnt ask the banker and the banker oso didnt perform his job clearly to explain to the customer.
brother love
post Nov 5 2018, 08:11 AM

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Most bankers just ask u sign LO, biasala bro
se800i
post Nov 5 2018, 08:12 AM

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QUOTE(brother love @ Nov 5 2018, 09:10 AM)
I tink not only yur case, some oter banks oso practice tis , add total interest etcetc into loan and than the statement will BAMMM show u become ovwrnight millionaire although pinjam sikit only

PINJAM RM350K DAPAT RM1 MIllion +++

UNTUNG LO HAHAHAHHA
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In BNM CCRIS report.... the outstanding amount of the housing loan will still shows less than 400K.....
WaCKy-Angel
post Nov 5 2018, 08:23 AM

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QUOTE(singguli @ Nov 5 2018, 12:00 AM)
Dear Sifu,

anyone can give advice.

I sign wrong loan agreement amount.

My SPA Rm 410K
Loan Rm 370K
But my selling price in Loan agreement is 1.7Million
The outstanding in UOB online banking show outstanding Rm 1.4 million.
I just noticed after 1 year.

Inb4 TS careless stupid. Helpless here.

Appreciate for any advice
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If u took Islamic loan then that is how it shows..in their agreement actually is the bank buy the house at 400K and sell it to u for 1.3Mil


singguli
post Nov 5 2018, 08:26 AM

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QUOTE(se800i @ Nov 5 2018, 08:11 AM)
when signing the agreement, why dont you ask the banker? I believe when you sign the SPA.... The amount of 1M ++ should have written there.....
Unless you didnt ask the banker and the banker oso didnt perform his job clearly to explain to the customer.
*
Yes, is written in loan agreement. I recall something what banker told me before. Islamic cannot borrow money and so the sale price is different , this islamic loan really a joke to me. Suppose to be very simple thing but they complicated it, the reason i take islamic loan bcos is cheaper i think. I been so long never login and check, yesterday night really freak me out. Not understand how to read the statement. Stupid loan.

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