[WTA]HSBC Homesmart Homeloan
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 Feb 12 2012, 04:25 PM
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Junior Member
38 posts Joined: May 2005 
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QUOTE(1282009 @ Feb 12 2012, 04:02 PM) Auto deduct from the extra $$$ deposited. So if I deposited extra 1 year worth of repayment, there is no need to make any payment for the whole of this year? Just want to confirm before HSBC starts calling me for payment. |
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Feb 12 2012, 04:38 PM
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Senior Member
4,230 posts Joined: Jan 2009
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QUOTE(harpyboy @ Feb 12 2012, 04:25 PM) So if I deposited extra 1 year worth of repayment, there is no need to make any payment for the whole of this year? Just want to confirm before HSBC starts calling me for payment. Yup. U can also monitor the monthly statements that will be sending to you (or E-statement online).This post has been edited by 1282009: Feb 12 2012, 04:39 PM |
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Feb 12 2012, 04:57 PM
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Junior Member
38 posts Joined: May 2005
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QUOTE(1282009 @ Feb 12 2012, 04:38 PM) Yup. U can also monitor the monthly statements that will be sending to you (or E-statement online). The statements always states a monthly repayment amount, which is based on BLR and tenure only. So I'm not sure if it's ok to skip payment as long as there are surplus inside the account . |
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Feb 12 2012, 05:06 PM
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Senior Member
4,230 posts Joined: Jan 2009
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QUOTE(harpyboy @ Feb 12 2012, 04:57 PM) The statements always states a monthly repayment amount, which is based on BLR and tenure only. So I'm not sure if it's ok to skip payment as long as there are surplus inside the account . U will see that your current balance in the account will be reduced and that's the amount deducted for your monthly repayment or u call it principal. |
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Feb 12 2012, 05:10 PM
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Junior Member
38 posts Joined: May 2005
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QUOTE(1282009 @ Feb 12 2012, 05:06 PM) U will see that your current balance in the account will be reduced and that's the amount deducted for your monthly repayment or u call it principal. Yup. OK thanks  |
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Jul 1 2012, 02:31 AM
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Newbie
2 posts Joined: Jul 2012
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Hi, am new here and I feel stupid asking but I'm worried.. it is normal that the first deduction of HSBC Home i-Smart around RM25.3k? My full loan is around RM240k, and I have already settled the 10% deposit + lawyer fees et al so I don't think this got to do with deposit deduction. I just found out about and I couldn't get thru tele-banking (well.. its after midnight on weekends..). The homesmart account was opened around mid last year and though I put in my savings in there I never seen any monthly deductions, so I'm a bit distressed to found out I've been deducted that huge amount a few days ago when I checked my account balance via online banking earlier tonight. This is my first property buying (totally noob here), still in construction and its expected to complete in 2015.
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Jul 2 2012, 02:46 PM
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Junior Member
325 posts Joined: Dec 2005 
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Fast fast visit branch lo...dun call is just waste ur life...
This post has been edited by spriggan: Jul 2 2012, 02:46 PM |
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Jul 2 2012, 04:31 PM
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Junior Member
447 posts Joined: Jun 2012
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Some bank(s) involve a lot of fees to do this and that....really suck up banks to charge so many fees
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Jul 3 2012, 02:29 AM
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Newbie
2 posts Joined: Jul 2012
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QUOTE(spriggan @ Jul 2 2012, 02:46 PM) Fast fast visit branch lo...dun call is just waste ur life... QUOTE(kiddyinvestor @ Jul 2 2012, 04:31 PM) Some bank(s) involve a lot of fees to do this and that....really suck up banks to charge so many fees Found out on Saturday midnight, branch all closed on Sunday, no one picks up the call so thats whay seeking some counsel here instead of fretting alone. No worries, I checked first thing on Monday morning, called lawyers as well and found out that its the first drawdown from the developer which I was either not notified or I didn't get the mail yet. Sigh. I was originally expecting something like monthly auto-deduction but its actually deduction per drawdown or something of the likes. The home smart account is used as both loan account and current account, so they said expect to see lots more huge amounts like that or even bigger amount deducted soon. Feel painfully embarrassed for asking it here but at least now I know. Thanks guys. Adios. khusyairi83 liked this post
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Aug 1 2012, 02:52 PM
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Junior Member
325 posts Joined: Dec 2005
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Ask and you shall receive
Hope your problem resolved |
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Aug 18 2012, 01:00 AM
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Junior Member
179 posts Joined: Nov 2004
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hi , i m a first time buying a property and has choose HSBC for loan. now waiting for the LO as they are not the developer's panel bankers n need 3weeks processing. while waiting, would like to know if there is any other hidden charges.
1) i asked for MRTA cost, the sales person from HSBC said will let me sign Takaful Morgage Protection. - isit the same? - wan to confirm if HSBC HomeSmart plan inclusive the Protection? i dont need to pay , other than my property loan amt? 2) any other hidden thing that i dunno abt HomeSmart? - i was told that i juz need to keep my account for 3yrs (locled period) |
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Oct 15 2012, 11:40 AM
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Newbie
2 posts Joined: Oct 2012
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HI, I,M PLANNING TO REFINANCE MY HOUSE TO GET EXTRA CASH. I THINK I LIKE HSBC HOME SMART I DUE TO FULLY FLEXI AND ITS MARKET VALUE VERY HIGH THAN CIMB .
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Mar 27 2013, 11:58 AM
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Junior Member
23 posts Joined: Apr 2005
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QUOTE(Molotov Cocktail @ Apr 6 2011, 09:50 PM) I have HSBC homesmart account which combine my deposit account with my home mortgage, does anybody here have same homesmart account like me? I just want to ask about how exactly they calculate the interest paid monthly and how they reduce withdrawal limit, from what understand for this kind of home loan (flexi), the more u deposit less interest you'll pay and your monthly payment will go more to reducing the principal rather than serving the interest but what i experienced is inconsistent, sometimes i deposit more but more interest i have to pay for the month and sometimes when i didn't deposit much less interest is paid, very confusing, and i also want to know how much the principal is being paid from my monthly payment, Did you managed to solve or get it cleared on your confusing problem. I am actually facing the same scenario as you are. My monthy is RM1100 and they only deduct fewer amount than that and in the statement shows it is for PROFIT/HIBAH. I am wondering after 2 years im served the interest but not paying any RM on PRINCIPLE.  Added on April 6, 2011, 10:30 pmafter reading all the post i just realised that they only deduct monthly interest from my account, how to know if the principal is deducted too or all this while i just feeding the bank without paying principal at all, shocking!!!!!!!! for your information my monthly payment is rm770 but so far they didn't deduct rm770 but varied amount every month, can anybody tell me do all this while i just paying the interest without reducing the principal?? help me! Thanks in advance if you could share your info and action taken. |
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Jun 20 2014, 08:29 AM
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Junior Member
232 posts Joined: Mar 2008
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Sorry for reviving an old thread.
Need some feedback on this scenario. HSBC Homesmart for 4 years. Mortgage at approximately 7,300.00 a month. But has been banking in a round figure of 8,000.00 a month for the last 3 years. Does that mean we have excess and can we withdraw the excess ? |
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Jun 20 2014, 12:23 PM
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Senior Member
1,137 posts Joined: Jan 2009
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No more hsbc loans for me. Enough is enuf
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Jun 20 2014, 04:40 PM
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Junior Member
434 posts Joined: Aug 2010
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QUOTE(ruben7389 @ Jun 20 2014, 12:23 PM) No more hsbc loans for me. Enough is enuf Mind to share what is the reason? |
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Sep 29 2014, 12:34 AM
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Junior Member
16 posts Joined: Aug 2009
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QUOTE(overthemoon @ Jun 20 2014, 08:29 AM) Sorry for reviving an old thread. yes you can. Need some feedback on this scenario. HSBC Homesmart for 4 years. Mortgage at approximately 7,300.00 a month. But has been banking in a round figure of 8,000.00 a month for the last 3 years. Does that mean we have excess and can we withdraw the excess ? |
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Mar 29 2015, 12:16 PM
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Junior Member
81 posts Joined: Feb 2009
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Hi all, i m taking hsbc home smart loan . The bank has released partial money to owner. And send me the letter asking me to pay projected interest 1st.
I called to customer service ask whether i can pay the principal also instead of just paying interest since i have extra money and the answer from her is NO.. And i only can pay them the principal when the loan is fully released. I would to like pay principal ASAP so that i can save more interest. Can any1 pls advice on this? It is a susbsales house and still in progress to change name. This post has been edited by dengwong: Mar 29 2015, 12:17 PM |
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Apr 4 2015, 01:52 PM
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Senior Member
1,616 posts Joined: Jun 2013
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Good question.
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Nov 8 2015, 11:32 PM
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All Stars
12,529 posts Joined: Feb 2013
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any updates on this loan package? friend asking fr advice fr d zmc package..
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