Apr 14 2008, 07:15 PM
QUOTE(sky2006 @ Apr 14 2008, 10:21 AM)
dear forumers,
I purchased a property which I got loan from Sime Bank. As you know, Sime Bank was bought over by RHB some years back. I have been servicing my loan till now. My questions:
1 - Is my current loan agreement valid?
2 - If not valid, what should I do? What should the bank do? Can I get the interest rate revised based on current rate?
3 - What is the best action you can recommend?
Thanks in advance
Should be valid. Try defaulting and see... the bank will come after you. I purchased a property which I got loan from Sime Bank. As you know, Sime Bank was bought over by RHB some years back. I have been servicing my loan till now. My questions:
1 - Is my current loan agreement valid?
2 - If not valid, what should I do? What should the bank do? Can I get the interest rate revised based on current rate?
3 - What is the best action you can recommend?
Thanks in advance
Seriously, RHB bank might have sent you a novation letter or agreement informing of the take over.
If you want to be sure call up RHB and quote your loan a/c no and speak to an officer about it.
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