is public bank have good package?

my property price = rm 234,682.40
90% loan = rm 211,214.16
got up to 40 years
BLR - 1.8 (blr = 5.95)
zero moving cost
lock in 5 years
flexi
reduce the principle if pay more <-----------need detail

the banker calculate my installment is rm 916 (including mrta up to 20 years)

is this ok? i hope everyone can give opinion about this.
and i heard public bank got many hidden charges.is it true?

thanks

Affin installment based on your information : RM 844 = (Assuming max tenure 45 years)
You can save up to RM 72 a month, RM 864 a year & RM 38880 for 45 years.

Affin installment based on your information : RM 883 = (Assuming max tenure 40 years)
You can save up to RM 33 a month, RM 396 a year & RM 15840 for 45 years.

In addition we also have the flexi repayment benefir as well.

For more details contact me at visa1288@yahoo.c.uk

how about the facilities to reduce the principle?
is it ZMC or Non-ZMC

Amazing new knockout rates from AIA at 4.99% Fixed entire tenure!

Check out the link below for more info.

http://realestate.net.my/forum/viewtopic.php?t=10154

anyone can give opinion about graduate home loan from OCBC?

Hi Peeps!

I have most of the popular banks in malaysia under my portfolio so I can help you choose the bank that best suits your needs. If anyone is interested or have any enquiries on housing loan or shop loan you can give me a call @ 012-3871138 (Theresa). Cheers!

PBB is one of my bankers.

IMHO - that package above is no longer competitive.

1. If i'm not wrong, that product is a plain vanilla flexi homeloan. It's not a Mortgage One or Savelink variant from SCB or ABMB. In other words - it does not have a Savings / Current Account offset feature. So no biggie.

2. Nothing great about -1.8% if rates is what you're looking for. Some banks can go up to -2.2% ZEC and -2.4% non ZEC.

Cheers.

phoeni_142

which bank offer that rate?
maybe the bank still not reduce the BLR to 5.95...

I intend to refinance my apartment which i bought at RM149,000. Now having 30year loan with ambank and paying RM861 monthly. The loan agreement was in August 2004. Do i have to pay panelty which was 3.5% or RM8000 whichever higher. Is it worth moving. What is the benefit i get in term of shorter loan period if i move to other bank as the current interest ambank charge is BLR +1.5%. Please advise. Thanks.

oh - i am quite sure they have. pls do your homework before being a skeptic, my friend.

BLR - 2% is very common, as stated by another forumer, blr - 2.4 even exist.

which bank ?

based on my current situation, i have 2 housing loan, one from standard chartered and another from public bank, both are blr - 2%, which is 3.95%

These are house loan.

If commercial property, such as shoplot, the interest is different, which higher.

1. Is your SCB homeloan a standard conventional or Mortgage One? Same question for your PB loan

2. When was your loan approved?

Bank Harimau offer BLR -2.2% to -2.4%. BUT only applicable to 'Prime Area' - property worth RM250k and above.

I have some advice for those who want to re-finance their properties: -



Step 1: Get the full details of your current loan(most don't keep track of the current status of their loans)...ie...loan still left, initial amount, date lock in period finishes, penalty clause, current effective interest rate, date first drawdown, your re-payment history, etc.

Step 2: Check the current offerings from the banks...both local and foreign banks. Don't need to check all banks as rates changes so fast with new packages etc. Just a general feel will do.

Step 3: Write to your current bank DEMANDING a revision of interest rate. Be very business like in your letter. Straight to the point. Say something about your payment history(if its good) and about current economic slowdown and about the competitive rates offered by Competitor...you can put down some examples from competitor banks. Then you demand a revision of a rate that is "reflective" of current interest rates in the industry.

Step 4: Wait for your letter of reply from the bank. You will almost always get a favourable reply if the banks still want your business.....that means you should have been a good customer with good repayment history.

Step 5: With the new offer in hand from your existing bank, you do your evaluation. You see, whatever they offer has pros and cons. They WILL NEVER offer you a BLR -2.2% for example if you're still in lock in period. Maybe BLR -1.6% or something(which is not bad as you do not have to pay any penalty or redo loan agreement). This is because they know its not cheap for you to refinance out as you have to pay penalty and redo loan agreement(need lawyer). Meaning you have to pay money out now to enjoy an interest saving in the long run.....you really have to evaluate.

Step 6: Bring that letter of offer to other banks and ask them to give you an offer....you should go for a bank with offer of ZEC + payment of penalty(right now, I know of only Maybank and EON bank that do it). They will definitely try to give you a better offer than the one your current bank offers....if possible. You need to be fast as the offer letter has a time limit to it! But most banks can give you an offer within 48h

Step 7: Your call. Proceed with the bank that you're happiest with or with the most attractive package.


cheers,
minolta

This post has been edited by Minolta: Feb 21 2009, 10:21 AM

Standard Chartered Bank (current BLR=5.95%)

COMPLETED PROPERTY

Convetional Term Loan (ZEC)
1st-3rd
4.88% fixed
Thereafter
BLR-2.2%

MortgageOne Flexi Home Loan (ZEC)
1st-5th
BLR-1.65%
Thereafter
BLR-2.00%

P/S: For Flexi loan, the above rate is still can be negotiable depend on the loan amount and loan tenure. Please contact me if have any enquiries.
Thank you.

Regards,
Seow Mun
012-2781125

Can i get loan for buying low cost apartment at Ipoh for Rm25k only?
Purchase price 25K
Down payment 5k
Looking for loan 20k with 10 years.

What document i need to support?

012 6565 101

If anybody is interested in conventional loan, I have a bank in hand that can offer Yr1-5 less than BLR-1.9, TA less than BLR-2.1.

For more enquiries you can call me @ 012-3871138(Theresa)

Hi all, need advise on home loan for completed property as below. Tq

Details
--------
Property value - rm215,000
Looking for min 90% loan
Tenure for 30yrs
ZEC or non-ZEC, depend on the rate
Allow prepayment

Hi kucaixx,


Property Value - RM 215000
Loan amount - RM 193500 (90%)
Tenure - 30 years
Interest Rate - BLR -1.80% (ZMC) / BLR -2.00% (nZMC)
Loan account - Semi-flexi
Installment - RM 941.00 (based on BLR at 5.95 and interest rate of BLR-1.80%)

Semi-flexi allows you to do prepayment without notice, however for OCBC my advise to inform them what kind of prepayment you wish to proceed. Cause we have 2 types of approach, 1 withdrawable and the other not.

Give me a call if you need further details and i'll see what i can help you with.

hi, izzit posibble to get full flexi loan for loan below 100k, let say 75k loan?