Yes. But it will be at NZC.

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Added on March 2, 2009, 12:30 amIt depends on how long it will take for you to clear off your loan. If by using prepayment it takes you >20yrs(rough estimate) to clear off, Std Chart would be better with the rate @ Yr1-Yr5 BLR-1.65%, TA BLR-2%. If <20 years @ 1.85% it would be CIMB for flexi.

Think Ambank came up with some good rates. However i need to check on that. Think they have allot of hidden cost too.

This post has been edited by DriedIce: Mar 2 2009, 12:30 AM

Hi driedice, which bank will provide for full flexi loan below 100k, nonzec is fine as long as the interest rate is competitive. normally is blr -what? tyty

So far I've seen Std Chart seems to be the best. Min loan 45k, flexi loan, BLR-2%

The other bank's best rate is @ BLR-1.45%

well it depends - u can get -2.1% for less than 100K as well, for a conventional loan in SCB.

but pls bear in mind - it's not a pure flexi loan. Only MortgageOne should be classified as a pure flexi. And unfortunately, they don't charge that cheap.

Well like i said in my previous post. For full lexi which is MortgageOne, minimum loan amount is 45k @ BLR-2% Non-Zero Cost.

is that mean hsbc homesmart not fully flexi?

Anyone knows what's the best rate for full flexi loan and which bank offers it?

No. I think he was giving an example on full flexi loan. If I am not mistaken, HSBC is also a flexi loan. But then again, some banks do offer only semi- flexi loans.

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Added on March 3, 2009, 11:02 amMy dear, your question is too general. What amount are you looking at? Different amount will have different rate.

This post has been edited by DriedIce: Mar 3 2009, 11:02 AM

I'm talking about a bank that offers the "best rate" so which one has the lowest amount of lending rate and has full flexi features. The value of my property is 400K.

hi i am currently interested in buying a house ard 120k...please advice recommended loan thanks..

Hi, scb -2% other then the interest any other fees i need to be aware of? like monthly rm10 maintainence fees or sort of?
how is the ksbc 1 works? tyty

My intended loan is about 75k only.

Hi, when refinancing, if it's free moving cost, is it really free? What sort of hidden fees could there be?

I'm looking at refinancing my condo at RM136,000 loan. Currently with SCBMB MortgageOne at 6.75% interest, will prefer conventional loans becos don't understand how they calculate the flexi loans. I've been with this loan for few years and only manage to knock off like 5K from my principal (taking into account BLR went up during these few years).

Normally it's really FREE There might be some exceptions though but most of them, you don't have to pay anything.

Hi Danny,

As per your 1st question, free moving cost is totally free. The only hidden fee is the bank service itself. It could be charges on every transaction or after a number of transaction or something like that.

As for MortgageOne or Flexi Loans, it actually helps you save in interest.

You won't see any difference if you keep paying the the exact amount of monthly installment. You won't even see any difference if you pay additional RM10 on top of your monthly installment (but it does affect it, just not that significant).

The only obvious savings you can see is if your loan is 136k and you pay a huge sum of money like RM50k or more to actually see clearly that you ARE saving. The most obvious experiment is if you have 136k, you dump 136k you will see that no interest is charged.

As for your BLR @ 6.75%, the bank will revise it to the latest. Currently SCB is still at BLR5.95% but they will be announcing the latest BLR soon.

If you are still interested in refinancing, you can give me a call @ 0123871138 and perhaps we can look into a few banks for the best interest rate.

This post has been edited by DriedIce: Mar 4 2009, 01:44 AM

Hi,

FYI currently BLR in SCB=5.55% effective on 3rd March 2009

is the scb full flexi loan 5.55% as well, then it will be 5.55-2% = 3.55 for full flexi loan?

Yes.. But not every loan size can get B-2%. If Non ZEC for sure can get B-2% min 40k loan for full flexi package

i am doing nzec. for 75k

how long it takes to receive the loan instruction letter from bank? so that lawyer can prepare the loan agreement. been waiting for ages..

ok.. pass me your document then i proceed the loan application for you... but u have to sign the application form for me.

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Added on March 4, 2009, 11:26 pmwhich is depends ur taking which bank offered.. for SCB will be take some times if ur property is completed property because we issue LI must tally with CV(certificate of valuation),Stamped SPA and RM200 set up fee being transfered(mortgageone package). To get CV from valuer normally take about 1 week... Stamped SPA is very hard to estimate the time because purchaser and vendor both have to sign only the lawyer can stamp it.

Are u taking SCB housing loan? Mayb i can help u something to check on wat is the current situation?

This post has been edited by Errie: Mar 4 2009, 11:26 PM