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Basic Term Loan vs Semi Flexi Loan, Dilemma
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turtleundersea
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 Feb 17 2022, 11:16 AM
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Getting Started
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QUOTE(aPiT_OxyMoxy @ Feb 17 2022, 10:19 AM) Hi /k based on my previous topic regarding my housing loan, i have two offer concurrently  Basic Term LoanRate: 3.4% | Monthly: RM980 The amount remain for 35 years and have to pay lawyer fees on my own. Semi Flexi LoanRate: to be confirm | Monthly: RM955 The amount fluctuate based on BLR and lawyer fees include in the loan. Based on your experience for Semi Flexi Loan, is it possible for the monthly commitment increase up to 1.2K monthly. Your comment and suggestion is highly appreciated  nowadays still got Basic Term Loan? of 4 banks i go to apply loan last year, all say semi flexi or fully flexi saja... which bank offer u Basic Term Loan |
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turtleundersea
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Feb 17 2022, 11:17 AM
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Getting Started
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QUOTE(fantasy1989 @ Feb 17 2022, 10:24 AM) i will take semi flexi ; can pay extra to reduce principal amount (last time need to go counter) which bank can reduce principal without needing going over counter? afaik, hlb and pbb need do over counter |
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turtleundersea
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Feb 17 2022, 11:25 AM
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Getting Started
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QUOTE(iGamer @ Feb 17 2022, 11:18 AM) Sure still got full flexi last year? I heard nowadays only left semi flexi. i apply housing loan around 2021 October, yeah, bankers still sell me Full Flexi but i take up Semi Flexi.... but weird is Basic Term Loan....tot obsolete ady? how come ts mentioned got such loan offer? very curious which bank |
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turtleundersea
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Feb 17 2022, 11:31 AM
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Getting Started
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QUOTE(unknown_2 @ Feb 17 2022, 11:27 AM) what's the main different anyway? fully flexi vs semi flexi what banker told me is Full Flexi - can withdraw money from Loan Account anytime without charge - no withdraw limit - one time charge per year Semi Flexi - charge RM50 per withdrawal from Loan Account (think this is HLB, but the amount varies according to bank, but all bank charge per withdrawal) |
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turtleundersea
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Feb 17 2022, 11:34 AM
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Getting Started
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QUOTE(iGamer @ Feb 17 2022, 11:31 AM) Mind telling us which bank offered you full flexi? Why u chose semi when got full flexi?  ambank/affin/hlb/pbb all also got full flexi and semi flexi, but dont have Basic Term Loan cause i dont need Full Flexi? buta kena charge one time per year for the money i dont need to withdraw from Loan Account Full Flexi is target to business ppl, not for makan gaji ppl |
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turtleundersea
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Feb 17 2022, 11:54 AM
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Getting Started
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QUOTE(iGamer @ Feb 17 2022, 11:37 AM) Was it RM10/mth for the current account tied to the full flexi loan account? I think it's well worth it if we truly utilize the flexibility and repay more (and save lots of interest than mere RM10/mth). depends on bank actually... i only knows about HLB cause i take Loan from HLB and they charge yearly |
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