Not an expert, but personally i will opt for the lowest SR because it's fix across the tenure.

wait little longer first..
banks slow in adjusting the rate but fast on FD

because my I have placed my booking fee and the form stated I need to get SPA and loan signed within 14 working days. (which now only left 3-4days)

hence, is it possible to extend it until the bank revise the rate? (subsale unit)

try to nego for some extension...

allrite. your opinion is to wait until the bank give a firm revised rate offer letter just sign will be better?
cause bank officer told me will revised accordingly after I signed but not sure bluff or not la.

better wait for official rate first...
sometimes they won't or slow revised... so ended up u the one losing party

i wonder how much are insurance co offering their fixed rates after all these adjustments.
perhaps those who opting to buy in the near future can take from those as their financiers instead. over the long run, it could be potentially cheaper?

just wanna ask all sifus here, im considering taking a new home loan (1st property) and currently have two offers from Muamalat (offering 3.45%) and UOB (waiting for official offer). is 3.45% rate is good considering the situation now?

Those are about 0.2 higher than the best rates offered before the cut.

If that loan amount too small? Else the rate is kinda high

3.2% rate or lower then only accept...
Above is rubbish & con unsuspecting people...

about 500k loan

thanks for the feedback

how much has the loan % been cut since Jan 2019? sorry i lost track but iirc 5 times or 1.25%?

This post has been edited by SongChiang: Jul 9 2020, 12:37 PM

Due to substantial rebate, discount, cash back, etc; it seems some banks are reluctant to finance first purchase from some developers.

This post has been edited by icemanfx: Jul 11 2020, 01:03 PM

Come, who are those developers??

Those panels having agreement with developer will approve subject to buyers qualification.

the current OPR is 1.75%
maybank base rate is 1.75, PBB is 2.27, cimb is 2.75,
anyone can advise why some banks has higher base rate? I thought bank's base rate should be as same as OPR.
i got an offer from cimb for 3.25%, agent told me can fight for 3.05% if buy insurance.

The BR is dependent on banks’ benchmark cost of funds and liquidity (how much can lend out, how much deposits/investment products it needs etc.) Banks can also review it anytime if there are no changes in the OPR. So each bank has their own base rate depending on how they want to encourage their customers' saving vs spending/loan habits. It's not fixed on OPR although they use OPR as a guide.

Maybank is a GLC (government linked company) so they can afford lower BR. Other banks are not so "blessed" with assistance

This post has been edited by DragonReine: Sep 30 2020, 07:36 PM

Overnight Policy Rate is controlled by BNM via Forex, Bonds and Money Circulation hence which is why they will always wait and see hence the meaning overnight which are usually they will take at least a week or more most of the time deliberate major decisions on OPR

Base Rate is set by individual banks which most of the GL banks such as Maybank and Bank Islam which is lower at the moment due to liquidity being pumped in via Malaysian Governmental Securities (MGS), Islamic Bonds (Sukuk) and money circulation via revenue generation through loans, savings, KLSE

If you deep dive why Maybank Base Rate is low is because they are holding a lot of MGS and Sukuk which is their legal obligation set by government in order for them hold the biggest and preferential bank license

Borrowing loan with good credit rating and collateral it is current horse race between Maybank, RHB, CIMB and Ambank for housing followed then by Tier2 house lenders PBB,HLB, Affin