Did you try for Hong Leong Bank? What's the value they give you if have?

In term of the rate for Zero cost Flexi Loan, Currently Hong Leong Bank and Eon bank offer the best for RM200k-250k above i can say.

Hong Leong flexi, BLR-2.15 without MRTA (above RM250k, lock in 5 years)

Eon Bank flexi,BLR-2.1 1st 6yrs, TA BLR-2.2 without MRTA
(above 200k, lock in 6yrs,but Eon only cover 1.5% of the loan amount as legal fee, you'll need to top up the rest)

Hi, depent on which type of bank loan you prefer, will have different rate for it.
Flexi loan, Semi Flexi loan,normal conventional loan.
Then rate will be rate around BLR-2.2 to BLR-2.4 for your case loan above RM300k

For current BLR, it's totally not worth to get Fixed rate as the rate will be about 4.XX%
For loan base on current BLR let say BLR-2% also just 3.55% only.
So do you think BLR will be increase in short few years with current local and global ecomonics?

ZEC mean zero entry cost which is package that bank will bare all the cost for a loan. (Interest rate will higher for ZEC)
Another type is FEC which is bank will Finance all the cost into your loan. (interest rate will lower for FEC)
Both also no need you to pay cash at first.

For non Zero cost, you will need to pay for the legal fee, Stamp duty, valuation fee and some account set up maybe.
Do you mind pm me the loan amount and property value? The rate can be diferent with loan size. Then i compare the different for you.

Some bank is 33.33%, some is 40%.
But some time if your margin of finance is low, it can be nego.

Yes, you can have 2 RM500 installment in this case.

A very simple question i always tell my client.
If you are the bank, will you approve the loan for yourself. Consider all the condition of yourself
If your salary RM5k, will you approve a loan with installment RM3k/mth?
Or
If your salary RM5k, will you approve a loan if your total loan/debt installment = RM3k already?

Onn
017-6100337

BLR-2.2 first 2 years, Thereafter BLR-2%
If you wan i can try summit to few bank and compare all the rate to you.

This is FEC, 5 years lock in.

This is from Allicance bank,
CIMB also can BLR-2.15%, should be no problem also
Others bank need to see your profile to get better rate then the board rate.

HSBC package consider so so only for current market, for sure there will be better then HSBC now.
If you need compare, i can help you to get offer from few bank and compare it for you

For loan RM250k-500k, Hong Leong FLEXI LOAN ZERO COST. Best flexi loan you can get now.
BLR-2.2 with MRTA
BLR-2.15 without MRTA

Onn
017-6100337

Ya,but compare the rate and package, Hong Leong is the best for now

You can try PBB also if not goin to take flexi, not bad for their term loan rate.

Yes, you can do that by asking your current bank to revise the interest rate.
But normally the rate wouldn't get as good as you refinance.
The Pros is you can reduce the interest rate without paying for the legal fee,penalty, and much simple prosedure compare with refinance.
The Cons is the rate normally wouldn't be as good as you refinance, and your lock in period will refresh to another 5 years again.

If you not sure it is worth to refinance or not, better to do is you ask the bank to revise the rate, and show us the new rate here,
I will calculate and compare for you here

You may try HLB flexi loan also. BLR-2.2%or 2.3% should be no problem for you.
Goodluck

I bet PB will get a better offer for you if you can show the LO from RHB to PB. But it's semi flexi of cause.
If you not interested to get flexi, you may ask Alliance to get a term loan for you for better rate.
Goodluck bro

Firstly for new purchase property, better to get loan from the end financial for the developer, as the process will faster.
Can let us know which back is their end financial bank? If the bank offer not not so good or not your fav bank, get more offer from others.
CIMB,HongLeong,Alliance offer good in flexi loan,
PB,OCBE offer good in term loan
But it's also apply to their T&C.
If you need help i can help you to get offer from few bank and compare for you. free of charge

Actually you can easily download those mortgage calculater on internet to get the installment illustration.
Or you can pm my you email i can send one for you too

very hard to tell which bank is the best, will depend on what type of loan you want.
If you need help i can try get few offer from some bank then let you know the different.

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Added on May 8, 2009, 3:10 pmSinner and yiivei, you may refer to my earlier post about flexi and semi flexi loan here

Anythings not understand you may ask me too

This post has been edited by onnying88: May 8 2009, 03:10 PM

should be the same, as it's standard prosedure and since it's involve PKNS, more things will need to be done by the lawyer. Thus duration also longer.

CIMB can be one of the best.
BLR-2+% no problem for under 100k but only have NZEC or FEC package.
You may contact me for more info if you need

Onn
017-6100337

ZEC mean ZERO ENTRY COST (You no need to pay anythings for the loan, bank will pay for you,interest rate higher abit compare to NON-ZEC)
NON-ZEC mean NON ZERO ENTRY COST (You need to pay all the legal fee, stamp duty and everythings,interest rate will lower then ZEC)

Those term is not related to flexi or semi flexi at all. If you want to know more about flexi and semi flexi, you may refer HERE

MRTA stand for Mortgage Reducing Term Assurance. It's use as a protection for the loan if somethings happened to you, insurance will pay the remaining balance for you. Or more easy to say, bank wan you to buy insurance, and ask you pay for it. Some banks even compulsary the borrower to take their MRTA along with the loan, or you loan will not approve.

Anymore question about mortgage loan, feel free to ask.

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Added on May 17, 2009, 4:29 amType of package you want,
1) flexi loan, semi-flexi loan, or normal term loan?
2) ZEC or non-ZEC or FEC?
3) MRTA or MLTA or without any of it.

Let's choose from these first before i can give you more advise.

This post has been edited by onnying88: May 17 2009, 04:29 AM

Ya,Public actually do have Fulll Flexi loan which called HomeSave.

But not much people know about it.Public bank also don't like to push or promote their flexi loan, Their banker always like/misseading to tell people flexi loan is not suitable for everyone. Normal people wouldn't get benefit from flexi loan, only those cash rich businessman suitable for it.

One of my clients that interested to apply flexi loan, and try with public bank, The banker told my client with this,
"Those agent or banker that have 'leong sum' wouldn't ask people to take flexi loan as flexi loan is not suitable for everyone. Only those cash rich businessman suitable for it."

And i personally also meet with one PB's banker, also told me the same, 'Flexi loan not suitable for everyone people,except cash rich businessman'

I think this is why ProComplex can't get the info about PB flexi loan, as PB's banker seldom or don't like to push their flexi loan.
Simply because their semi-flexi or normal term loan rates is alot better then their flexi,thus can get more sales by pushing their semi-flexi or normal term loan.