ocbc - 90% MOF + 10% home extra

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Added on November 9, 2010, 12:45 pmor find yourself an undervalued property and have a friendly chat with your lawyer and the seller :-)

This post has been edited by teoanne: Nov 9 2010, 12:45 PM

apa itu home extra?

home Xtra is a kind of complementary loan offered by OCBC. It is served as a loan for your renovation needs.

It is charged slightly cheaper than personal loan.

1st year: BLR+0%
2nd year to 7th year: BLR+1.4%

minimum tenure 3 years, max tenure 7 years.
maximum amount must not exceed 10% of purchase price/valuation price (whichever lower)

I got offer from hsbc... -2.35 for whole tenure. Is it a good deal?

oh then macam personal loan already
is it pre-approved with housing loan or need to apply seperately.

This post has been edited by airline: Nov 9 2010, 03:22 PM

its indeed good deal as per market now... but it depends on loan amount as well... some will get -2.4 but very subjective.

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Added on November 9, 2010, 3:34 pmit will be included in the offer letter for your loan as well... apply at 1 go..

This post has been edited by mcmak: Nov 9 2010, 03:34 PM

Good!

HSBC Puchong?

how big ur home loan to get blr -2.35 from hsbc?

300k and above i think

how much total ur loan? wahh interestin dude -2.35.. which branch did u deal wit?

more like 800k above maybe

hi guys,

i have questions. let's just say A is currently employed with drawn salary of RM3k per month and does not have other commitments (no car loan or CC debts). what is the price range of property that he can entitled to buy? say RM200k - RM300k ? how do bank do the evaluation on how much they can give the loan for employed individuals?

on the other hand, what if B is self employed and does not have a fixed income per month. What is the price range of property that he entitled to buy? How much does the bank able to loan to him? Based on monthly transaction or 6 months total revenue?

looking for home loan package
House price:310k
Loan amount 90%
Loan tenure 25-30 years

thanks

loan rm300k only

BLR -2.3% mau?

a bit out of topic, but just out of curiosity, what is the commission like for each loan drawdown? is it based on the loan amount? and there is a percentage to it?

the reason i am asking this is because, i am currently dealing with 2 banks' sales officer, and they seem like not really interested in my case. hardly pick up my call, and never bother to call back and reply my sms, and never bother to give us a status update. is the commission so low that they are lazy to handle or their sales are just simply too good and have no time for my small loan amount?

i always thought they have a strict monthly/quarterly/yearly sales target to chase...

:/

if we were to buying a secondhand home.. does the customer that usually bear the price for the property valuers or will it be absorbed by bank?

one big loan can cover a few cases. so no need to kena from boss la.
maybe thats the reason

House price:428k
Loan amount 90%
Loan tenure 30 years
remarks: for short term investment. *no/less penalty for early settlement (1-2 years)

kindly quote me

i wish i can help you, it should not be the case if you have engaged my service. But the sad case is, I couldn't get the valuation of the property you want. The commission is not really that high for them, but as a professional, he/she should follow up on each case and proactively get a status update from the loan dept and update the customer accordingly. And trust me, no loan amount is a small amount. Customer is always right

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Added on November 10, 2010, 9:48 amit is bearable by the buyer, my bank's policy. But you can finance it into the loan. For some special case, you cannot finance it but the valuer must be a panel valuer trusted by the bank

This post has been edited by kok_pun: Nov 10 2010, 09:48 AM