Is there an extra charge for it is the loan transfer is possible.
Transfer existing loan to another bank?
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 Apr 12 2019, 09:45 PM, updated 7y ago
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#1
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Junior Member
363 posts Joined: Sep 2010  
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Is it possible to transfer my existing loan to another bank because of the other bank is offering lower rates and also have different loan type, like semi and full flexi loan?
Is there an extra charge for it is the loan transfer is possible. |
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Apr 12 2019, 10:40 PM
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#2
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Junior Member
290 posts Joined: Nov 2014
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Yes
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Apr 13 2019, 12:29 AM
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#3
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Junior Member
728 posts Joined: Jun 2012
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QUOTE(Vincentccw @ Apr 12 2019, 09:45 PM) Is it possible to transfer my existing loan to another bank because of the other bank is offering lower rates and also have different loan type, like semi and full flexi loan? U can refinance ur existing loan to other bank. Cost will be legal fees and valuation fees. U can option to cash out in overdraft or in term loan.Is there an extra charge for it is the loan transfer is possible. :confused:  |
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Apr 13 2019, 01:51 AM
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#4
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Junior Member
363 posts Joined: Sep 2010
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QUOTE(Pac Lease @ Apr 13 2019, 12:29 AM) U can refinance ur existing loan to other bank. Cost will be legal fees and valuation fees. U can option to cash out in overdraft or in term loan. roughly how much is the legal and valuation fees? |
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Apr 14 2019, 08:54 AM
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#5
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Senior Member
1,205 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(Vincentccw @ Apr 13 2019, 01:51 AM) roughly how much is the legal and valuation fees? depends how much is the refinancing loan amount. generally you gotta prepare around 2% in cash for your fees etc. alternatively you could opt to finance your legal & valuation fees for the transaction in your loan. |
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