Not sure whether this is the right place to open this topic , MOD pls close it or move it if it is not appropriate...

i hav some home loan package to offer , it is legal from oversea bank in malaysia, but can't openly advertise, some of u might oready known, so i will just list down here, any enquiry pls PM me , flaming is allowed but not entertained, so, thanks for warming the topic is anyone feels like flaming here.

package 1 : yr 1-3 BLR-2% , thereafter (TA) BLR-1.75% , non-zero moving cost (NZMC)
package 2 : yr 1-3 BLR-1.5%, TA BLR-1.65%, Zero moving cost (ZMC)
package 3 : yr 1-3 4.88% , TA BLR-1.55% (NZMC)
pakacge 4 : yr 1-3 5.88% , TA BLR-1.55% (ZMC)
package 5 : yr 1-5 5.68%, TA BLR-1.55% (NZMC)
package 6 : yr 1-5 6.18%, TA BLR-1.55% (ZMC)

Finance upto 90% for Landed, 80% for non-landed , for both under construction n completed project or Refinance.
OD at BLR-1% (1st yr), BLR+0.48%(TA)

Kindly keep this topic clean, any 2cents can PM me, Thanks!

any fixed rate?

This month:-

OCBC told me they have:
Non-zero cost entry
1-3 years: BLR - 2.00%
Thereafter: BLR - 1.85%

UOB told me they have:
Zero Entry Cost
1-3 years: BLR - 1.50%
Thereafter BLR - 1.85%

Free market survey info for you.
Good luck.

Serious?! Look nice !!! Hehe

serious , n not only look nice, really saving money..

yes...agree on it....but is that inclusive our legal fee ?!

jane98209,
a point to note and I would assume a lot of property buyer/investor would tell you this.
We never advise house buyers to include the lawyer fees into the loan as that small amount when amortise together with your loan for 20-30 years would amount to a substantially large unwanted interest to be paid down.
Unless of course your intentions is purely to buy a property just for investment purpose. Than this technique on leveraging would be applicable.
If not, it's still advisable to prepare additional cash of around 5-10k just for separate charge on lawyer fees.

Zero moving cost is inclusive of the legal fee while non zero moving cost is exclusive.

That is why you can see the rate is bettter for non zero moving cost

legal fees is not included for NZMC, but using appointed lawyer firm will help reduce the fees abit.

This post has been edited by yewkhuay: Sep 18 2007, 07:07 PM

What is the current BLR for this bank?

BLR = 6.75% for most banks , yes, for this bank too..

@yewkhuay,
Er.. stupid question but is there a maximum loan amount? How to calculate actual savings? *grins* Can I just give you total loan amount and you give me monthly repayment over X years - it's easier to compare dat way *grins*

Oh.. And how many years borrowings allowed to? 20? 30?

there is a software to generate comparison between ur new loan package vs ur current loan package, so u just hav to PM me ur current loan package interest n loan amount.

financing tenure can go upto 35yrs if u r young...

Actually anybody who knows how to use Excel can do the calculation himself/herself. You can just need to play with a few functions: IPMT, PPMT & PMT, you've no need of that banker's calculation software. I have done a few benchmarking myself and finds that what they compute with their software is basically the same as me using these Excel functions.

Bro yewkhuay,

Remember our PM about cannot refinance before the current bank finished releasing loan? And have to wait 18 months for the warranty period before all loan released.

I checked with my bank yesterday and it seems that once you receive your key ie construction phase finish, the bank would release the last 10% of your loan to a third party.

The developer would then get the balance 10% from the third party if everything is ok at the end of the 18 months.

The tie between your bank and developer would end earlier meaning we can refinance quite soon ie no need to wait for 18 months.

why mine is 5 % reserve and only payable to the devoloper after 12 months duration ? yours is 10 percents and 18 months ? is it standard among all banks?

what is margin of finance and is this for finished or property under construction?

refer back to the payment released letter from the developer, it will show the stages of payment, mine is final 2.5%.....

90% upto 95% with MRTA financed.