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 Loan amount more than total purchase price, where unused amount go?

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apalexar
post Oct 2 2021, 09:02 AM

apalexar
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QUOTE(claudetan @ Oct 1 2021, 06:50 PM)
the amount shouldn't be disburse as everything already pay off ..... the banker add in 10k for legal fee and turn out the legal fee only 4k, so should be 6k left over ....
*
Mean remaining 6k for MRTA.

QUOTE(moiskyrie @ Oct 1 2021, 07:06 PM)
yep, HLB islamic...
when sign the s&p i ask the bank why 1mil+,
the manager say no worry....
just for show...
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Islamic loan works like that so no worries. If 5% haven't release yet, means that you still need pay progressive interests and not yet start monthly installment?
apalexar
post Oct 2 2021, 01:19 PM

apalexar
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QUOTE(moiskyrie @ Oct 2 2021, 09:23 AM)
Already pay installment for 5~6 year already....
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If you are sure that calculated it correctly, perhaps the 5% is rebate by developer or something else, try check back everything listed in tnc.

QUOTE(claudetan @ Oct 2 2021, 11:29 AM)
No ...

Something like this,

90 % Purchase price : 450k
Mrta: 9.5k
Legal fee : 10k

Total loan around 470k.

Now, purchase price fully disbursed, minus 450k
Mrta disbursed, minus 9.5k
Legal fee disbursed, 4K, minus 4K left over 6k

As you can see from above, I should have 6k available credit

Btw, I started my installment edi, that’s why I wonder what happened to the 6k
*
Then I believe the remaining is loan stamp duty fee.
apalexar
post Oct 2 2021, 03:05 PM

apalexar
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Senior Member
1,383 posts

Joined: Sep 2012
QUOTE(claudetan @ Oct 2 2021, 02:45 PM)
hmm ..... the 10k is for legal fee, can the bank disburse for other purpose?

my banker clearly told me they add in the 10k for legal fee. I pretty sure there some amount left over ....
*
How about ask back the banker hmm.gif
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