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Maybank Maxihome now offering

can up to BLR-2.3%
tenure up to 40 yrs
can finance legal fees and MRTA
Flexi

Pls feel free to call me for more detail at

012 294 8810 or email at chorkean@maybank.com.my

CK Chow
Maybank Mortgage
Federal Territory

HSBC Home Smart (fully flexi)

<300k, BLR-2%
>300k, BLR-2.2% whole tenure

of cos can try get better rate if financing amount is higher
legal fees and MRTA can be part of the finance as well...

Feel free to call or sms me for more detail at 012-7624526

No problem. Just a question prior I try to clear your doubt. What kind of loan facility does HSBC offer you? Term loan/full flexi/others? As both of statements can be correct when it comes to differ type of facilities and arrangement.

For FDR, the effective implied interest rate which derived from FDR or BLR should be the same over the long run (for the whole loan tenure), just there will more some differential over the adjustment during the short run (less than 5~8 years). Thus, this kind of loan can cater the need of the clients who intend to service the loan for a long period of time (sufficiently long to mitigate the impact of short run FDR fluctuation). Calling EON to find out the FDR is a concern but not that critical as I believe for standard home buyers, they won't really keep track on the FDR unless there is some attractive offers in the market which lead them to have a a check on the FDR and take a longer time in making the comparison.

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Added on November 25, 2010, 1:51 amDear airline,

Our new policy deter LYN Officers to list any packages and offers from the banks due to recent update of representation & information restriction. Mainly due to there are many factors and practices of banks which might influences the final offers and the range of the rate given, we no longer post any package or rate in LYN, but we will provide a constant update of rate sharing in our FB discussion board. In order to increase the reliability of information, all the rate being posted in FB are the actual rate that our consultants ever get from the banks and you might find some deviations over the rates that posted by the banks and our version. Some of the banks can post a very attractive rate in their advertisement but they seldom give it to their clients (may be 1 out of 100) or there are simply too much of terms and conditions to complied. This kind of rate we seldom share it with others as the possibility in getting them are relatively thin.

Certain examples can be given is that:

(i) Maybank: Promote at BLR -2.3 for residential and BLR -2.0 for commercial. In fact, BLR -2.3% might be granted with conditions of pledging FD, slashing margin, provision of detail documentations or etc, the range of residential rate should be around BLR -1.8% ~ BLR -2.3%. For commercial, BLR -2.0 is a norm given to under-con commercials from reputable developer, actual range should be BLR 1.4% ~ BLR -2.0%. Funny point about Maybank, similar profile clients will get different kind of approval if the loan is going through different processing officers. Average application turnaround time is around 7 ~14 working days depending on the efficiency of officers. Sadly to say Maybank does not have an efficient control over this. Most of the times, Maybank will be the one which request the most documentations from applicants. (To the extent that, they might need your marriage certificate, full audited accounts, etc that you might not see them in standard doc listing)

(ii) HSBC: Promote residential rate at 2 major tiers, BLR - 2.0 and BLR -2.2%. Best rate ever quoted is BLR -2.4% with many conditions to be complied. Deterioration of rate by - 0.05% might happen if customers do not take MRTA. Mandatory MRTA by at least sum insured RM 30k or min 25% of total loan amount, tenure covered of at least 5 yrs must be taken up to be entitled for the board rate. Do not finance vocational type or resort property.

Why bankers never tell the full stories? Well, everyone like a good story although there is a cruel truth behind. And mostly importantly, if they ever be honest with you, will you give them a chance to proceed on with your application?

This post has been edited by home_save: Nov 25 2010, 01:51 AM

Hong Leong Bank:

to finance above RM100k
1st year fixed rate 3.63%
2nd year onwards BLR-2.1%

to finance above RM200k
1st year fixed rate 3.63%
2nd year onwards BLR-2.2% (subject to approval)

to finance above RM300k
1st year fixed rate 3.63%
2nd year onwards BLR-2.3% (subject to approval)

Rodney Hang
012-3452615

-please refer my signature-

Why bankers never tell the full stories? Well, everyone like a good story although there is a cruel truth behind. And mostly importantly, if they ever be honest with you, will you give them a chance to proceed on with your application?

+1

HSBC is offering Fully Flexi
The sales Rep was comparing HSBC with OCBC package and says HSBC is better- the periodic repayment
however OCBC says it is just a gimmick
so we are confused, would u be able to explain?

I tot it depends on the package that the bank offers and i seriously think, they should tel the truth. Otherwise, I believe most of the applicants, will go for the most conve bank if the rates offered are identical

can u explain more on "the periodic repayment" ? Are you actually referring to flexi and semi-flexi package?

is fully flexi plackage
the periodic repayment means, u can opt to pay on 7th, 14th and 21st of every month, which is alleged to be able to reduce on the repayment sum substantially.

ooo...hahahaha.....
ok... let me tell u how it works...

First, identify whether your loan is "daily rest" or "monthly rest"
if it is daily rest, then there is a big difference.

What you mentioned here is the cycle day : 7th, 14th and 21st of every month.

Actually whenever you have money you can pay b4 your due date. Don not drag to the end of the day to do it. Periodic or non periodic is just a marketing term.

For example, simple one.

1) you got 1 fixed rate loan 4% per month (monthly rest)
2) you got another flexi daily rest loan 4% per month

if you borrow RM300, borrow for 2 months only

1) you pay on any day at the first month and you decided to settle the loan 1 shot. So you pay:

RM300 *4% (interest) = RM12
then capital repayment RM150 for first month
at the same time you pay advance RM150, so the 2nd month there is no interest charge on you.

total Paid = RM312

2) you pay on the 7th day of the month. Interest is 4% on daily rest. which means your daily interest is 0.133333333%

So you pay about RM150 capital repayment and 7 days of interest @ 0.133333333% * RM300 = RM2.8

Then you decided to settle the loan as well, you pay another RM150.

In the end of the day you have only paid RM302.8 as compared to RM312


I dunno how other bank works, this is just a general idea. There is a very complicated mathematics formula at the back to calculate teh daily interest thingy

If my Maybank loan is BLR-2.3% based on daily rest with a loan period of 15 years since last June 2009, how can i reduce the payment based on this formula? Im just paying off at the specified date using auto debit. Loan amount was RM423,000 then.

This post has been edited by cybermaster98: Nov 25 2010, 11:49 AM

If i already have an existing loan with Maybank for BLR-2.3% taken mid last year and if i take a 2nd loan for another property from them, will i be able to negotiate better terms e.g BLR - 2.5% wihout any additional requirements? My first loan amount was RM 423,000. My 2nd would be around 300K only.

wow... u should have done it whenever you got the money.... btw, you need to check if your loan is daily rest and you must pay to the right account also, there could be 1 account charged at fixed rate for loan financing and 1 account for other financing such as reno loan etc

any standart chart. advisor here?
kind of interested with thier package.
btw can i get a loan above 40% then my salary?
my only commitment is my asb loan for rm300/month.
no cc, no personal loan, no hire purchase

I think ive already stated that its daily rest. And its 1 account. Of course i know by paying more money i can reduce the loan. Im refering to your post earlier on paying the monthly installment earlier or whatever la. Is there a way that i dont know of besides paying more money to settle the loan faster.

This post has been edited by cybermaster98: Nov 25 2010, 01:11 PM

I see... that is the best way to get the most of your loan by paying the same amount of money. this is a typical example of time vs money. i believe onnying88 shared the same thing somewhere in

Taking home Loan from ...

maybe you can have a look. it is very informative

This post has been edited by kok_pun: Nov 25 2010, 01:37 PM

Maybank only offer semi Flexi.
If you wanna pay extra than ur monthly installment, nid go to bank to do so...

No. U can always pay extra anytime you have extra cash. You can even set your own payment instruction. If you want to change your monthly repayment permanently, you can just email your home loan officer and request for the change which will be effected the next installment.

thanks for the calculation
but for both OCBC and HSBC, they charge daily rest
hence, we really have no idea
supposedly HSBC has better deal, rite?

sifus pls help...

almost all flexi loans are daily rest, unless i dunno lar... you can ask home_save...

I dunno if HSBC are better, but to me all are almost the same, you must trust ur banker to deliver the best rate to you. So far, I only hear people comparing UOB and OCBC, so maybe you get an idea who is offerring the best rate in town so far

If come to full flexi loan, all will be daily rest for sure and must have a current account with it. If not, that's just normal term loan or just semi flexi loan. A lot of banker will tell you their term loan is flexi bla bla bla. Yes, normal term loan allow you to pay extra and withdraw, but all will need paper work and charges which is not flexi at all.

One of the most important point when you choose the best bank that suitable for you when getting full flexi loan. Get the bank that is most convenience to you. If you think you'r lazy bank in bank out monthly, you hardly get benefit from the full flexi feature. I will suggest those people just go for semi flexi loan or normal conventional term loan.


Onn