ING Fixed Rate Home Loan
The lowest fixed rate in the market.
No penalty for early settlement.
Flexi payment

Any agent care to to give me a quote?

I'm looking to refinance a apartment (130+k). Currently using MBB's loan. Though of re-finance it to cash out some money.... any good/competitive offer around?

Pls PM me?

THanks!

Happy to quote. Check your inbox =)

Hi all sifu,

If loan amount (about 3 years ago) = RM150,000
Outstanding = RM100,000

In agreement, stated that the penalty = 3% of the outstanding balance according to the original schedule of month repayment.

My penalty cost should be RM4500 or RM3000 or RMxxxx ??

Thanks in advanced.

3% of the outstanding balance according to the original schedule of month repayment
= RM150k x 3% = RM4500

Do note that there might others extra charge like 2 month interest also. Do read the letter offer carefully.

hi penang,

for ING fixed housing loan, is there any T&C required by ING like need to purchase ING life insurance and etc?

For ING home loan, you need to buy MRTA or MLTA. Fixed rate is normally suited for long term house owner. If you are buying property for investment and decide to sell in the short term, I would suggest that you choose floating rate.

Hi all,

Im currently looking to purchase a property in KL area.My salary is below 3.5K and if joined with my Gf income RM2.5K totals to RM6k.

I have a car installment RM473 expiring on 2011 and term loan of RM200 which is to be completed on June 2010.

Can any Sifu out there advice me on the maximum (RM) amount of loan i can take for 30 years period and which loan package would be more beneficial for me? Preferably the monthly not more then 1K for now until i complete pay off my car loan on 2011. then i can pump in more up to RM1.5K

At the present moment i have HSBC,Standard Charted,MBSB,OCBC and Public Bank in mind. I would prefer a loan package that is flexible. Inclusive of MRTA & ZEC.

My plan would be using my EFP for the Deposit and the rest on loan.

Total combine income = RM6k
Minus commitment = RM RM6000 - RM473 - RM200 = RM5327
Max installment allowed = RM5327 / 3 = RM1775/mth

For RM1775/mth installment,
The Maximum loan would be RM380k where by the installment will be RM1760/mth for 30years @ BLR-1.8%


For RM1000/mth installment,
The maximum loan amount would be RM220k where by the installment will be RM1019/mth for 30years @ BLR-1.8%

Nowadays, the bank's interest rate for sub-sales is almost the same and there is no more ZEC package for sub-sales unit, so better choose the bank from your list that is most near to you and convenience for you to visit.

If the property is new from developer, then try to get back the loan from the developer end financial bank/panel bank. Then you might get better offer then others non-panel bank and also get the ZEC package(if still available).

If you want a fully flexi loan, try to get full flexi loan, where by it will have a current account attached with the loan.

Regards,
Onn

Currently loan 180K with -1.5. Already paying a year.
Thinking to top up or change bank.
Check with the bank for top up need to pay for the lawyer fees bcoz the changes of agreement. Again ask for write in interest, they said the best is 1.8 but still need to pay for processing fee.
If i change bank for refinancing it is a wise choice, with current interest offer by the banks?
It is good to use flexi, if let say i refinance. The extra money will put in the bank. When need it I take or less just put there as if I got extra cash.
Plz advice.

I think you still in lock in period and if you refinance with other bank you need to pay 3% of the loan amount for penalty.
Maybe you can try to ask your banker whether can do loan restructuring or not.
May I know your property is for own occupied or investment purpose?
Thanks.

This one for own stay.
I not sure the current blr is good to go for it, or maybe wait another 5 years after lock in period.
I am thinking for top up for current bank with some cash in hand. So I thinking go for flexi, meaning with those extra cash I just put in to the acc, if really need I will take if not just remain in the account. That is my own intention. Some ppl advice go for personal loan, but then I am not that need for big amount of cash.
ANy good advice?

Any agent care to to give me a quote?

I'm buying an apartment, worth 200k, but only take up loan 150k for 25yrs.

My budget would be around 600 ++ per month, FYI the apartment is about 3 - 4 yrs old, land left 56yrs.

Pls PM me?

Thanks!

Based on the above info, the monthly installment will be around Rm700++.

To reduce to RM600++ monthly, either you extend your loan tenure or reduce the loan amount.

HI there,

I am working in Singapore, so can I apply using my Singapore payslip?

Planning to get a property worth 240k, will be taking a 85% loan. May I know if the legal fee, stamp duty will be covered by the loan or separately as cash? AT the moment, the BLR stands at 5.55% and would appreciate if anyone could quote me a better deal.

Thanks.

Sure you can use SG's payslip.

If the property is sub-sales unit, i think the only option you have now is Non-zero Entry Cost or Finance Entry Cost package. Where you have to pay by cash or finance the cost in the loan. (legal, stamp duty, etc)

If the property is new from developer, then you need to check with the developer's panel bank for any Zero Cost package (bank pay the cost for you)

Goodluck.

Hi,
you can use your singapore payslip to apply for loan. Your loan agreemnt legal fees costs around RM7200. However you can assign the same lawyerfor S&P and loan agreement so it will save up some money.

Although the BLR stands at 5.55% but it may increase next year. You can consider to take fixed rate as it will save your interest.

Welcome you to pm me for more info.

Looking forward to hear from you soo.

ING Fixed Rate Home Loan - The Lowest Fixed Rate in town only at 4.85%p.a (Non-ZMC) or 4.99% (ZMC).
Hurry! Promotion ends 30 December 2009. Email to cheahyang_0@hotmail.com for details. Please visit http://gavin-lim.webs.com/homeloanmlta.htm and read ING Insurance Explains Fixed Rate Home Mortgage to know why a fixed rate is better than a floating rate in long term.

This post has been edited by gavin_lim: Dec 7 2009, 09:13 PM

Any bank is offering rate > BLR - 1.8% with ZEC for RM 150K loan?

I've pm-ed. Check your inboxes?
Any enquiries feel free to PM me =)