Why? A friend of mine just got hong leong. He been applying loan. He passed for Maybank but variable. Then HL also he passed, but fixed. So he is going with HL because he wants fixed, haven't sign the agreement, but will do so soon.

This post has been edited by Natsukashii: Nov 8 2022, 11:53 AM

yes, I was thinking between Venice vs Havana but end up with Venice, location is central to everything

Havana- Tandem Carpark, 408k, 850 +50 sq ft

Venice - 2 carpark, 478k, 850 + 100 sq Ft

U have to compare all banks and products

Don't just look at purely interest rate, I'd always go for a full flexi loan

Even if a banker or bank gives you their full flexi loan, study the product sheet thoroughly,

some charges some nonsense fees, some has a cap of a maximum amount that they offset interest calculations, some forces insurance products on you(if you don't, they add a nominal percentage of interest rate on top), some idiot banker even tries to sell you semi flexi as full flexi, etc etc

As an example, I'd rather take a slightly higher interest loan with none of the above hanky panky than one with any of it

Best local bank : PBB.

Best foreign banks : SCB, HSBC and OCBC.

SCB full flexi is the best one out there when compared to other banks.

Interest rates? Mostly the case the rates offered by one bank wouldn’t differ all that much.

you made the right choice... want to sell/rent next time also easier... if you buy Havana... really far as fk... unless you work at airport, and plan to work there next 15 years... else no point

don't get 1 car park unit to save money.. some agents just push for 1 CP to make it look cheaper... damn bad these people..

HL mostly PBB and MBB lowest rate, but if you cash rich people, can go for MBB or RHB fully Flexi like above-mentioned... good...

*HL = housing loan

This post has been edited by Angry Clerk: Nov 8 2022, 12:01 PM

my house loan is public bank. rate ok la, lowest (that time)

It depends on the branches also. Had experience with 2 pbb home loan dept from different branches, the service level is like day and night.

Just checked my housing loan interest today:

Maybank = 4.00%
RHB = 4.05%

The list updated until Sep 2022... not right anymore.

During good times, most banks will be eager to lend u money. It's their job.
During bad times, that's when you see their real colours. The better ones will work with u to tide over bad times, re-work your loan etc.
The bad ones (eg HL), will pull the rug from under you.

weird, am i the only one who side hlb here?

so far i am okay with affin, i havent heard once from them when it come to marketing call.

cimb on the other hand,my god. im speecless.

I have loans for

RHB
PBB
MBSB


I can say MBSB is the most nice to discuss about loan and they’re the most willingly to negotiate on interest. Other banks really shit

what is the HL rate?

I actually prefer Havana at first, I heard Venice at Greenlane then got my own traffic nightmare flashback and didnt care to learn more

I work at elite avenue so Havana at Sg Tiram is accessible, and close to airport, for me is good and cheap. house value 423k but agent can give 408k with tandem, so with 380k loan, only need to pay 27k deposit. Sounds good at first

But another agent group convince me that Venice at Island Glades is central to everything, surrounded by high value properties, they high value got reason, the location so flexible, want to rent out also got more choice. and 2 carpark is definitely worth it. They say Havana launch 2 years havent sell finish compare to Venice launch this yr but ady full until waiting list, think which value is higher and why people choose one over another

Quick question: do banks accept reject loan based on your CC spending amount and bank statement last 3 months ?


I always transfer out my money for investment or money market parking, so my bank acc always minimum fund as possible and my CC Bill last 2 months spending very high, But I almost always pay on time (at most late 1 day) so near perfect CTOS score for car loan and CC bill payment

thats why i said it was capitalist trap.
it was normalize since British came.
remember what we used to have, land and house. no loan
also dont forget, banks are business entity. they make money from earning interest and fees.
i almost exit all my loans. i hope you guys also can.
imagine pay loan till you guys dies. ( housing loan-20-35 years)
that is real trap.

i knew 90% people in k/ will not agree with me, but what i said is just the truth, nothing else

Not CC only, but there is other criteria. They’ll ask other bank statements and check cros ccris

simple answer...

let say your cc utilisation is high :

90K used /100K limit

it's high, then next question is 90K * 5% = one month commitment is 4,500.. compare against salary, is it high?

if you salary is 9K, but cc used max also 8K, then it's completely fine
.. if cc used max 30K, that's something to be cautious...


if you need to "window dress" your profile, then increase savings and reduce debts one month before submitting loan (ccris update 15th of the month)

LPPSA.

U buy house with cash? Why not get a loan and invest the money?