Apparently most banks will (or have) revised to BLR-1.7 to BLR-1.95%, commercial - BLR-1.5%...

Got an offer from Alliance (before new rates):

- Flexi
- ZEC
- 1st year BLR-2.15%
- Subsequent -2.00%
- Lock in 5 years
- Ibra 3%

Good rate sifus? My loan amount is only RM220k BTW, 30 years tenure...

Is Alliance's i-Wish Flexi truly flexi? Not sure if my question is getting across, but yeah, wondering what's the difference between Alliance's flexi vs say CIMB / SCB?

Thanks, hope our gurus here can help shed some light and opinions?

OCBC still got ZEC or not?

standard chartered's KLIBOR rate still available?

same here lor...only the reason is different.

after more than 2 weeks waiting, application have been rejected both by Alliance & HSBC due to the location of the property - Ukay Perdana Ampang... sigh...

Another one with SCB is still pending - long queue wohh....sigh again....

So, I'm still looking for other provider..anyone interested in doing this, please PM me so that I could provide you with the required details.

Those mortgage brokers that have helped me so far with the application, thank you so much for your assistance.
Monica

still available

didn't hear any news from SCB and CTB that the rates going to revise...

Here is some news from me who work in Public Bank:

Currently all packages published by bank are non zero cost. Please check the rate here:

Housing loan > 100K: BLR - 1.8%
Housing loan < 100k: BLR - 1.6%

Shop loan > 100K: BLR -1.40%
Shop loan < 100k: BLR -0.95%

FD/OD : Fixed deposit rate + 1%

vacant land : BLR - 0.5%

Property purchased from developer: BLR - 2.0% to BLR -2.3% and subject to zero cost ( valid until 31/12/09 )

Besides interest rate, housing buyers may also consider the following features:
1) Loan amount up to 100% ( able to finance legal fee & MRTA )
2) Loan tenure up to 40years residential / 20years commercial
3) Bank waive valuation fee ( Property value up to 1mil )
4) 10% discount on first year fire insurance
5) Free 1year personal accident insurance

Please do check about the rate we can offer to you.

Hi Monica,

I would like to say sorry for the long wait
Not much can be done on our side, they have tons of loans to process..
Hopefully yours gets approved..
If not, i will follow up with you, still got a last resort

Hi,
I got a question for loan payment for AIA.
Is it true that if I pay the loan, say every week with the same amount as the monthly payment, would I reduce the total amount or the loan tenure?

No worries.. and thanks again... next 'teh tarik' on me

Yup. It is true. When you do extra payment AIA will take your money put into prepayment so indurectly save your loan tenure.
Kindly contact me if you have further enquiry.

---

Added on November 11, 2009, 3:14 pmya. it is still available. Kindly pm me for further enquiry. thanks.

This post has been edited by dunknwy: Nov 11 2009, 03:14 PM

saw on TheStar today EonBank is offering Fixed Deposit Rate(FDR) + 1.25% home loan package now..this is something new

Other banks offering BLR - 1.8% ( 5.55-1.8 = 3.75% )
Eon Bank offer FDR + 1.25% ( 2.5+1.25= 3.75% )

Hence, the effective rate is still the same.

It may seems the same now, but how about look at some historic data...there was once a time when BLR is at around 12%, what was the FD rate at that moment??

FD rate on year 1997 was 9.33%

EON bank put FDR + 1.25% as FDR is the cost of fund. 0.1% bad debt. 0.2% admin & wages cost. Profit of margin is about 0.95%.
Hence, the Profit is guaranteed for the bank is FD rate turn into 0%.

However, BLR - 1.8% does not guarantee the profit at 0.95%. Bank might facing lower profit if BLR go too low.

As conclusion, EON Bank is smart.

Dear Broker/Banker,

Hi...Im going to purchase a new completed property soon, kinly please quote me the best rate your bank can offer for my housing loan,
thought all the local bank had fixed the rate, are intrested to get quote from oversea bank like HSBC, OCBC, UOB, STC, CITI.

Property: Leasehole-Double storey at Taman Bukit Indah, Sungai Buloh, Sel.
Condition: Newly completed on June 2009, im buying 2nd hand from the 1st owner.
Selling Price: RM 270,000.00, loan 90%, 30 years.
Thanks

email: dericteh@yahoo.com

All BLR package got floor rate and may not have ceiling rate or high ceiling rate. usually floor rate is 2.5%....

guys ..issit okie if i apply home loan from multiple banks ..like eon, mbb and pbb and then choose the one that gives me the best rate?!

yes, you can.
in fact, that is the best way. never rely on one bank only.

okie ..how da hell u delay signing the agreement. i am still waiting for another banks result. lol ... any ideas guys?!

---

Added on November 13, 2009, 11:10 amokie ..how da hell u delay signing the agreement. i am still waiting for another banks result. lol ... any ideas guys?!

This post has been edited by abijiu: Nov 13 2009, 11:10 AM