bank negara will give guidelines...subject to banks what is their BLR...

that's the lattes rate (early march 2009)..keep watching further announcement by bank negara...

What about floating rate? is it worth than blr + int?

To share my loan offer: Loan amount: RM375K

OCBC - Semi flexi, BLR-2.4, NZEC
PBB - Semi flexi, BLR-2.2, ZEC
Alliance - Fully flexi, Year 1-2: BLR-2.1, Thereafter: BLR-2.05, ZEC
Hong Leong - Fully flexi, BLR-2.15, ZEC
Stand Chart - Fully flexi, BLR-2.2, ZEC - Was rejected by bank, due to not panel bank of the project.

My first post in LYN here is to post my house loan offer....

Property: Condo, Sub-sales
Type: Strata, Free-hold
Loan Amount: 117,000 (90%)
Loan Tenure: 20 yrs
MRTA: 10 yrs

PBB
Free Legal (But still need to pay RM195 for Search)
BLR-2.05%
MRTA: 883

HSBC
Free Legal (All free)
1st year BLR-2.05%
Next 4 years BLR-1.55%
Thereafter BLR-1.9%
MRTA: 800++, i forgot

I chose PBB although PBB is not really a flexi loan, due to better rate
But HSBC has got really excellent service!! If I have tons of money to spare I would have chosen HSBC!

This post has been edited by ChuckIsHot: Aug 13 2009, 03:19 PM

what type of service HSBC offered? What do you guys think CIMB rates? -1.95 and it's Flexi.

I ended up taking Hong Leong bank for my RM504k loan. Fully flexi, zero moving cost. BLR-2.3.

fully flexi means no lock in period, can settle loan anytime?
anybody know the lastest best interest rate for Shoplots/retail lots?

me too..the only bank that send agent to my office to send loan form and also letter offer...but in the end, i end up with ocbc due to better rates....

Fully flexi doesn't mean no lock in. It's only a extra feature of a loan that can help to reduce and save interest.
If you have the money, you may dump in the same amount of your loan and the bank charge you zero interest.
But some bank only allow 70% of the money use as reduce the interest. So do make sure the T&C also.

For commercial loan,Hong Leong and CIMB also not bad
BLR-1.6 to -1.8 around

This post has been edited by onnying88: Aug 14 2009, 02:00 AM

Happyguy can intro Stand Chart sales agent ? I want to refinance my house. PM me. Thanks

Your offer is very good.
Hong Leong bank pissed me off due to low efficiency. Wait for more than 3 weeks to know loan approve or not, not getting the offer letter. Agent told me only need 1 week.

Already pm you.

Ya, My clients also suffer from turtle service from Hong Leong. Same doc i pass to different bank, all come out with offer already buy HL still request for this and that. End up a month only get the LO ready. At last still getting HL as the rate is better among the rest for flexi ZEC.

Me just signed-up PBB term loan

Amount: 332K (loan + MRTA)
Tenure: 300 months
BLR-2.3% whole tenure (ZEC)
5 years lock-in period
Anytime can make principal payment but must do over the counter.

1 week approval.

This post has been edited by patricktoh: Aug 14 2009, 07:54 PM

Hi everybody

Few offer to refinance my property
Loan amount RM 160K

Bank AB
NZEC BFR-2.3%(1-2yr),BFR-2.05(onwards)
Full Flexi
Tenure: max 30 years
Islamic package
Locked:1-3rd year(3% penalty)4-5th year (2%) on original loan amount
Capping rate:9.9%
Daily rest
Prepayment only can be made 3 times a year for first 5 years (direct pay to loan account not current-link)
6th year onward no limitation.

Bank RH
IBR - 2.00% (whole tenure) ZEC
IBR - 2.15% (whole tenure) NON ZEC
Not Flexi / Islamic
Tenure : maximum 40 years or 65 years old (whichever is earlier)
Capping rate : 10.25%
Flooring rate : 0.00%
Locking perid / Penalty : 5 years locking period / 4% based on outstanding balance
Concept : Diminishing Musyarakah (Joint-venturte financing / Equity Home financing
As the marketing person told me
1) Customer can made any prepayment and pay principal anytime without notice.
2) Advanaced payment will reduced the principal amount.
3) No monthly fee and set-up fee nad processing fee.

Bank PB
ZEC BFR-2.1% (whole tenure)
Tenure: max 40 years or 70 years old
Not flexi / Islamic
Prepayment is allowed but with written notice
Note: Still negotiating process!!!!

I'm not biz man.
Which is better, put money as prepayment to reduce principal or park the same amount of money in current-link account every month. Based on my simple calculation, if I put RM10K in this current account I would increase my monthly principal payment up to RM30 with the same monthly installement. Or if I just pay extra RM100 every month on direct loan account, i would also increase the principal payment.
All this make me think.....Hope somebody can give some thought. Please correct me if I'm wrong.

Thanks

Any agent from EON bank? Plz PM me.

Seem that most of the rate posted here are BLR-2++. But the best I got for refinancing of RM180K is from Am bank at -2.15% ZNC. If this a good rate? Thanks for sharing

anyone lately got any freebies/gifts from SCB if u sign ur loan with them?

i got nothing

i saw CiTi throwing tones of it !

Hi,

I've got a question for the agents/ loan officers here. Is there a difference in the loan rates between completed and under construction properties. That is the impression I get when I browse through the rates offered here, for which most are completed properties.

The best offer I've received (and some of my friends too) for my property (under construction) is BLR-2.3 non ZEC from PBB.
Or is it because that we are in East Malaysia? (Sarawak). Thanks.

Yes, there is a very big different for under-con properties.
As normally, the developer with their end financial bank will offer some special rate with zero entry cost to their buyers.
The most common is 0% during construction period + ZEC.
So the loan package and interest offer from the developer's end financial or panel bank will always better then others non-panel bank.

For your case, BLR-2.3 with NON ZEC, i think PBB is not under the developer panal bank. Or maybe the developer and the panel bank didn't offer special package for the project.

So for under-con property, better is to ask your developer what's their end financial or panel bank first. And ask those bank what's the rate offer to the project that you purchase.

Hope this help.

Thanks for the info.. PBB is one of the panel banks for this developer. But they did not have special offer with ZEC all that. But they did initially offer 1st year 0%, + BLR-2 thereafter or something like that. But i asked for flat rate anyway and that how i got the BLR-2.3....