for refinancing, do you have to pay penalty to CIMB if u switch?
when u switch to Maybank, is it zero entry cost, meaning the legal fees and valuation fee all covered by maybank?
these are some of the thing you should consider.

as for lower interest, especially for new house loan, the rate of disbursement also matter, no use if give a slightly lower rate but the disbursement slow end up paying penalty fee. then should also consider the customer service also (rarely we will encounter/require this unless got problem with the loan), who will pass you around the internal department until you also pengsan.. affin, eon bank gives very low rate but my friend in banking tells me their customer service not very good.

mayban - ZEC & will absorb the penalty fee too & interest rate @ blr -1.7%

cimb - ZEC but to pay penalty fee (3% from loan amount) & interest rate @ blr -1.95%

u said earlier ur loan from cimb.. why u change from cimb to cimb? then some more have to pay penalty fee? cannot ask cimb (ur current loan provider) to reduce the BLR for you? you can do that you know.. less hassle.

maybank absorb ur penalty? so good? but are they really absorbing your penalty or they add into your total loan amount?

if i choose cimb, the process is much easier & quicker than other bank.

& i can ask to reduce BLR but will never get the same BLR like a new application or refinance.

but within 3.6% (cimb) & 3.85%(mayban) ..... different payment about rm14/mth but mrta compulsary for mayban

what i did was i did a calculation for both scenario.
get a good mortage calculator from the net, normally in excel format. i got one from here http://www.vertex42.com/ExcelTemplates/arm-calculator.html
to compute different scenarios, 3.6% or 3.85% in your case.. to find out the total payment i paid in 30 years. add in some MRTA or penalty fee and see which is more worth it..

Hi All,

Would like to confirm what is the best housing loan rate i can get ..

Loan amount = RM 350K
MRTA = NOT include

Currently my offer is BLR - 2.2% ....possible any other bank can offer better rate ?

BLR-2.2% is ZEC ?

Hi Onnying,

the bank will absorb the legal fees and stamp ....but we still need to pay the penalty

i sell mlta with life insuran under great eastern....50 client take maaaa

Well, BLR-2.2% is not bad for ZEC. But nothing is impossible too, just get the letter offer of that BLR-2.2% and show to others bank. See what the others bank offer you. No harm to try right

May i know this offer from which bank? flexi loan or normal conventional loan?

This post has been edited by onnying88: May 27 2009, 11:30 AM

offering BLR-2.30% ZEC (flexi / conventional loan)
loan rm500k and above

offering BLR-2.20% ZEC (flexi / conventional loan)
loan rm250k and above

T&C apply..

interested pls contact me at 012-2073139
seowyee

Purchasing a property is almost always the biggest investment one will make in his life. And finding a loan in Malaysia is proving complicated and confusing, against the banks’ increasingly competitive interest rates and aggressive marketing. We offer to help you to find your ideal loan. We make finding your loan easy. We compare the various loans and recommend you the loans most suited to your needs.We offer you choice, convenience and a high quality service. Our mortgage consultants are paid the same commission no matter which loan you choose. So you’ll find we are neutral and have only your interests at heart. Best of all, our panel lenders pay us so our service costs you nothing.

ADVANTAGES OF USING BROKER :.

Have you considered using a mortgage broker to find the right loan for you? Some mortgage brokers are not tied to one bank or financial institution and it is in their best interests to secure the right loan for you.

Brokers offer a service to borrowers which involves matching a borrower’s needs with a loan from the panel of banks or financial institutions of the broker.

Brokers provide choices
Mortgage brokers offer various loan packages from banks and financial institutions.

Brokers save you time
A good broker has all necessary information of the available loan packages in the market and therefore are able to provide you with the various options detailing the loan packages available. This enable you to compare the interest rates, repayment schedules, fees and other features of the various loan packages, eliminating the time consuming process of mortgage research.

Brokers simplify mortgages for you
The general public finds themselves confuse with the various loan packages available and sway by the banks’ aggressive advertising of the best rates. Worse still you will not read the fine prints and comprehend the shortcomings of such loan packages. Over the years, borrowers have found themselves with a home loan which is just not right for them, leaving them to put up with it or pay huge penalties to get out and take a better deal elsewhere. Brokers will uncover and simplify the process and explain the pros and cons of the loan packages available.

Brokers offer impartial and unbiased advice
A bank officer is familiar with the loan packages of his bank only and therefore not able to offer the best (as well as impartial and unbiased) advice to you. Brokers are able to give impartial and unbiased advice on the pros and cons of each loan package.

Brokers’ services are FOC
The best part of the deal is it doesn’t cost you any money! Brokers are paid by their panel banks and financial institutions. The fee payable to the brokers does not increase the interest rates and fees payable by you to the bank or financial institution. You pay the same interest rate and fee, regardless whether you obtain the loan package concerned through a broker or direct from the bank or financial institution

Our Panel Bank
——————

OCBC Bank
Scotia Bank
Alliance Bank
RHB Bank
ING
Maybank
Asian Finance Bank
AIA
CIMB
Al_Rajhi Bank
Kuwait Finance House

Interested borrower can buzz me at this number 017.2115933 for an appoitment ( Nick ). The Best Deal Guaranteed

What about below RM200K? Thks

i am taking a loan from PBB... 160k.. at -2% for 30 years..
is this good or can i get a better loan..
tried with OUB and Alliance... only get same as -2% and -1.8% resepctively...

It's ZEC or NZEC?

hey guys, usually how much is the legal fees for non zero moving cost loan package, let say 180k for refinance?

Thanks!

This post has been edited by eddie89: Jun 2 2009, 07:42 PM

i am buying 2nd hand landed house at RM 200k. Which bank is offer the best BLR? NZEC or ZEC will do...

Hi, is this a flexi loan from PBB? And is it a Zero Entry cost loan? Thanks

i think it should be semi-flexi or conventional loan from PBB. As PBB seldom get -2% for flexi.
Correct me if i'm wrong.

Guys, i have a dumb question.
I am 26years old, 30k savings, EPF can take out 10k for house purchase, salary 2.6k...
Is it a good idea to buy a 300k unit? or should i wait for a couple more years..?
Thanks.