http://thestar.com.my/news/story.asp?file=...5763&sec=nation

EPF to launch new housing loan scheme soon

KUALA LUMPUR: EPF contributors should hold off using the money in their Account II to buy a house until the new scheme which would enable them to obtain a higher housing loan is implemented.

Chief executive officer Tan Sri Azlan Zainol said while EPF was keen to launch the scheme as soon as possible it had to wait until the banks were ready to implement it.

“The banks are studying it. In principle, they are agreeable,” he told reporters at the International Social Security Association (ISSA) technical seminar here yesterday.

During the tabling of the Budget last October, Prime Minister Datuk Seri Najib Tun Razak had announced that the government would launch a scheme to enable EPF contributors to utilise current and future savings in Account II in January this year.

Najib said the scheme, which would enable EPF contributors to be eligible for higher financing to purchase higher value houses, was limited to a purchase of one house at any one time and subject to conditions stipulated by EPF.

During the tabling of the Budget, Najib had also announced the establishment of the 1Malaysia retirement savings scheme where, as an incentive, the Government would contribute 5%, subject to a maximum of RM60 per annum for every RM100 contribution in addition to the existing dividend paid by EPF.

This scheme is for the self-employed and those without fixed income such as taxi drivers, hawkers, farmers and fishermen, who retire without pensions or any form of EPF savings.

Azlan said the 1Malaysia retirement scheme had received encouraging response; it had recorded RM3.4mil in total savings from 8,000 contributors since its establishment on Jan 2.

Of them, 3,000 are self-employed traders.

While contributors can contribute a minimum of RM50 or a maximum of RM5,000 to the scheme monthly and may withdraw their savings upon attaining the age of 55, the Government’s contribution is only for five years.

what is mlr??

my banker so lansi one.......haih...........sometimes i feel he takes it for granted.......no updates, never calls me.....

the problem is, thats among the local banks that i is convenient 4me..........i have no choice.....(it seems only this bank deals with my property address + gives me the value that i want)

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story 1 -

the banker -

he even tried to con me with giving false table.........

he has a simulator...........

one is 30 years.........

one is 35 years........

i notice that the 35 years interest is lower.........

turns out that his simulator/paper he gave me is for 30 years only...the header shows 35 year....mrta for 35years rate...but the details up to 30years only.. at 1st i tough maybe the 2nd paper was missing......but it clearly states the interest up to the 30th year only.........

+ i sms him some questions and he never seems to reply............

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story 2, why bankers/agent/ brokers tend to keep quit after we give all our details/forms 

b4 meeting, call a thousand time......after meetup, the quit.........no update....after i sms try ask, suddenly say didnt go thru........why dont they have the effort to call me and explain what happen.............I feel Conned to give my details to strangers........ i know they might be legit agents  but hey, if it seem they are only after my money and don't care attitude after they cant get mone.. ....

it's just sad...........so far i have yet to find any good agents/bankers etc.........i sense that all are Sharks where are the decent people in this world anymore