Quick question.

If we purchase a property from developer, it would take 2 years to build till completion. Any banks offer interest free for the construction 2 years? Meaning only after house completion, only we start to pay instalment?

This post has been edited by Pennywise: Aug 5 2010, 11:40 PM

i dont agree that this holds for all cases. for normal cases where you intent to fully serve the tenure yes, ZEC loan is more expensive. but if you take a 30 / 35 yrs loan package fully knowing you need say 10 yrs to settle only, the bank can not factor in the entry cost properly and you end up significantly better. for example we took a ZEC loan much higher than needed to get a good ZEC package with lower rate. then paid back 35% straight away and keep paying the orginally calculated rate + extras depending on the alternative profit rates. loan should be paid back within approx. 8 yrs. i think the ZEC provided a significant reduction in costs in that case. all i'm saying is that there are situation where you can benefit from ZEC due to your very personal repayment structure.

blr increasing...aia still 4.99% anyone interested?

Please provide more details e.g loan tenure, margin of financing, lock in period, flexi or non flexi, OD facility?

Right now my loan is on BLR -2.3% from Maybank. So effective interest rate is still only 4%.

so maybank also follows blr-2.3 liao?

2.3%???? i work in maybank also dunnoe got this rate!!!!

got.. my friend got blr-2.4 last year from maybank

Wow...BLR - 2.4%? Thats really good. But what were his terms and conditions?

maybank salesperson said to me maybank home loan fixed at 4% for staff (maybank islamic staff btw)

Thats maybe for staff. We're refering to external customers.

bro, your one -2.3 for whole tunure? mine they offer this rate for first year onli . next is -1.8 onli .

loan 280K.

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Added on August 7, 2010, 10:50 am
sorry, my bad

This post has been edited by saiga: Aug 7 2010, 10:50 AM

Rate and t&c always give and take..

good rate with bad terms.

bad rate with good terms.

else what bank can earn from ?

just wait our new promotion coming this monday !
sure is very good promotion rate..

Good Day.
Want to check with u guys here on the Public Bank Loan, I wonder we need to buy either MRTA or MLTA so that only able to sign their loan package?
Or we only need our personal insurance then is enough already?

Thanks.

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Added on August 7, 2010, 4:23 pmWow that is great rate, May I know the package you get it is recently or last year?

Thank you.

This post has been edited by siaokia: Aug 7 2010, 04:23 PM

impossible get blr-2.3 whole tenure la...
u see previous thread..
the guy working in mbb mortgage sales also dont know got this offer..
sometime dont over bluffing...

ocbc only offer blr-2.2 the most higher except u got 1million loan..

oh....last year...nvm
currently maybank can offer fixed4.5%(1st 3 yrs), thereafter BLR-2.???

pls contact me for more detail 0122948810/ pm me...

Jimmy, could you help define some good term and bad term which we should be alert of?
I and i believe most of us will usually look at only good rate without going through the lengthy T&C

Hi Guys and Girls.

I'm interested in a homeloan.
Bankers here welcome to quote me.

Property Type: Terrace House (Int) - Under construction, est 2 years to complete.
Price: 320k.
Age: 30.
Loan Amount: Max available. Can include MRTA+legal if can can good rates.
Loan type preferred: Flexi or semi-flexi.

Interested in what's available out there, especially for flexi loan type.

Any package for zero interest during construction period?

Thanks all.

R u from UOB bank?
Can PM me the "Good rate"?
Loan:RM260k

what is the package can offer for the residential loan for rm150k?
So far I ask is -1.6 to -1.8 only.
Any one can offer me something above -2.0?

Are u trying to say im lying? The rate i got was BLR 2.3% for the WHOLE TENURE. Just cuz u dont know doesnt give u the right to accuse others of not telling the truth.