Dont be too fast. Read the terms and condition 1st.

No such things

Wait for other offer la..

Once you signed the offer letter, you will get penalty if you plan to cancel it....

LOL banker bullsh"tting you, it's most likely his own branch benchmark or target he needs to hit. That kind of turnaround time is his problem not yours

wait for other bank offer then only consider, otherwise if you sign and decide to back out you'll kena penalty pulak

Nothing wrong in telling some white lies to close sales. Every salesman does it. As long there are no flaws in the offer.

As consumer or borrower, you decide.

You can request for the LO letter and if the terms are not favourable DONT sign.

Btw, borrowers CANNOT change the tnc. Either agree or otherwise.

Borrower looks for few important things in any loan agreement ..
1. Interest rate and overdue repayment interest
2. Flexi, semi or non
3. Mrta /Mlta
4. Early settlement penalty

For the rest of the tnc, many borrowers will never understand.

During the initial application with all banks, the loan officer would have brief the borrower. The LO is just a formality.

Wants sales so play such cards. Might as well get another banker from the same bank to assist you instead.

The LO should be the same as the verbal quote on the main points as explained ealier, otherwise dont sign unless you want to enquire with other banks.

The rest is not 'important' since there is no way you can change or understand it.

You cant use LO bank A to compare with bank B as it will never be the same other than those main points.

If you are happy with main points and is tbe best you have shop, sign.

Btw, comparing should happen at the 'shopping' stage. You cant be asking every bank to issue LO just for 'comparing'

Tell him to cancel application since he don't want to give you the LO. There's nothing stopping you there. Since he wanna do this to you, might as well give him the same shiat.

But just to check with you, did he give you the rates etc yet?

Ah okay. Then if that's the case, you can only tell him to wait. I was under the impression that details of the loan, rates, insurance etc were not explained to you.

Since he has explained the rates to you and whatever other charges, then there's no point for the LO to be issued if you want to continue to shop/compare.

Just inform him that you are still shopping. Once he is shorlisted, then you will sign. You can then go through the details on the day of signing. Ask questions and once you fully understood, then sign.

80% of the tnc you and I will never really understand.

Btw, no banks will like their unsign LO circulating in the market.