Hi,

I need some help on which loan offer to sign.
This condo that we bought for investment purpose. It is currently tenanted

Bank 1 :
1-3 years : Fixed 4.15
Thereafter : BLR - 1.9

Bank 2 :
BLR-2.25

Bank 3:
1-3 years : fixed 4.4
BLR - 2.30
which one to take?

This post has been edited by childish_gal81: Sep 22 2010, 08:40 AM

Hi I'm just checking on the progressive interest, which bank does not charge for progressive interest during construction period. Or which bank can put it into the loan amount.

thanks.

Bank 3 should be -2.30?
tel me which particular bank is bank 2 and 3, sounds interesting

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Added on September 21, 2010, 10:55 pmi guess no bank would absorb the progressive interest. It is normally paid by the Developer as a gimmick.

This post has been edited by de.crystal: Sep 21 2010, 10:55 PM

yea..its BLR-2.3

Bank 2 is HSBC, bank 3 - havent approve..
So, bank 1 is totally out?

yes. u can do the calculation yrself, very easy.

bank 3 is OCBC?

gimmick? can you elaborate on the gimmick part.

meaning the developer wil bear the interest, normally for 1st 3 years and hence, DISB

Bank 1 is ocbc,OCBC can offer better?
may I know how to do the calculations?
Some said should take fixed rate at least this 3 years will not be impacted with blr increase.

what is DISB? sorry noob here.

Just take the loan sum to calculate the years
A x % x yrs =

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Added on September 22, 2010, 9:51 amalready explained in my statement


meaning the developer wil bear the interest, normally for 1st 3 years and hence, DISB


This post has been edited by de.crystal: Sep 22 2010, 09:51 AM

If use this method,bank 3 is the most secure..cos this 3years,blr fixed.in long term it's better.

BINGO. which bank is it?

Maybank..but still not sure if they can give this rate..
Scare they over promised end up can't deliver...

that is consider quite good as i was once quoted -2.2% from them last week.

If all other factors are similar (link to current account, same charges, lock in period, penalty, etc.) bank 2 and 3 are both good options.
Bank 2 is best if BLR doesn't increase much in the first three years.
Bank 3 is best if BLR increases quite a bit in the first 3 years.

Took Std&Chtd OneMortage

-2.3, fullflexi (RM10 to maintain monthly), and easy deposit to reduce principal interest and withdrawal

Loan ~600k inclusive of MRTA but now allowed to include legal fees into loan

mmmm... Anyone know if KWSP allowed direct transfer to Std&Chtd current acc from purchase house ACC II?

hi ed1torz

stan chart's max tenure is 30 years right? also, do u know the best rate they have for above 200k loan?

I'm not sure about max tenure but I got 30 yrs for myself.

200k loan - I think you need to talk to bank officer and they can fight the best rate for you.

I'm not taking local bank due to 'personal' experience..esp. RHB and CIMB

Please read above statement correctly - personal so, doesn't mean you have the same feeling towards the bank!

for properties under construction (expected to complete end of 2010), loan amount about 230,000 (loan not approve yet).

Maybank - 1st - 3rd year 4.4, then BLR - 1.9% there after.
HL - BLR - 2.2% entire tenure (25 yrs)
RHB - BLR　１．９％。。。
...
will try other bank as well...

Just confirmed for a place..... Still dunno which bank to go to....
I am looking for a full flexi loan at lowest interest rate, no penalty charges if place the same amount of cash in the current account as the loan amount. also need to know the lock-in years..... the value of the place is RM180k..... planning for 30 years loan.... i know UOB is giving -2.2% for whole tenure.... thats abt it.... anyone can assist me?

This post has been edited by lazzy_dogg: Sep 22 2010, 05:33 PM