What's the penalty amount and new lock in period after appeal to blr-1.5?
How much roughly you going to use for the OD for renovation?

Will need above info to calculate the break even year.

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Added on September 9, 2009, 1:32 pmThanks,
Just trying to share and help our dear forumer with my little knowledge.
I'm still in the learning process too

This post has been edited by onnying88: Sep 9 2009, 01:32 PM

may b using around RM50k for renovation.
after appeal, another 5 years lock in from 2008 and penalty 3% base on loan amount which is RM150k if refinance.

This post has been edited by hong0228: Sep 9 2009, 02:38 PM

You are just in between...hard to decide whether u shud or not, refinance

Property amount 225k
Loan amount 202500
tenure 30 yrs
completed property

any banker can offer low lock-in period with best rate? kindly pm me thanks

RM 135k condo completed
Need Margin of Finance 90%
Need Tenure 30 years
Need Zero Entry Cost
Prefer flexi as need to pay extra sometimes and take out money in case of emergency

Any banker do PM me your best rate ?

Looking for loan for my new property. Lookiong for loan around RM275k-RM300k. Any agent, please pm me with ur best rates and repayment schedule and which baNK

Looking for loan for my new under contruction property. Double storey. Price at RM 208,800. Any agent, please pm me with ur best rates for ZEC. Terune 30 years

My current housing loan bank is public bank, left RM110,000 to settle, under lock in period (penalty: 3% of outstanding amount), and now just sold my house, and then purchase a new house (loan amount RM250,000)

latest of offer that i received from several banks:-

1) CIMB - ZEC, BLR - 1.95 whole tenure (Flexi, must buy MRTA, waive RM10 per month for current account)
2) Hong Leong - ZEC, 1st year BLR - 2.95, rest BLR - 1.95 (Flexi, must buy MRTA, no RM10 per month because drop the cheque book service)
3) Maybank - ZEC, BLR - 2.1 whole tenure (Term loan, must buy MRTA, need to bear 50% of RM4000 for lawyer fees even is ZEC package)
4) Standard Chartered - ZEC, BLR - 2.1 whole tenure (Flexi, must buy MRTA, RM10 per month for current account)
5) Public - ZEC, BLR - 2.1 whole tenure (Flexi, confirmed is not semi-flex, must buy MRTA, RM10 per month, and waive of penalty cost)

Please advise what is the next step should i do? appeal for better rate? meet them to know the detail of letter offer? which bank should i go for? any hidden fees or hidden info that i should concern of?

Many thanks in advanced~~!!

The best as i can see from all the offer is from PB. Waived the penalty and with the same best rate.
So far have you get any trouble for using PB so far? If no, then go back to PB then.

Thanks for your advise, so far do not have any trouble for using PB, most probably will go for PB.

Should i go for 20 years or 30 years loan? any impact of the "years" to the total interest amount need to be paid, let's say i will make sure to settle the loan in 10 years, no matter i go for 20 or 30 years loan?

Thanks~~!!

Properties above 500k.
Good news for you people and Bad news for other bankers

(Good news)
Standard Chart is offering crazy rates.
-2.51 First 2 years
-2.3 Folllowing years

(Bad news)
To my fellow bankers. ( Dammm crazy pricing)

Err..... my loan is appox RM280k and CIMB offer -2.3 whole tenure (flexi w/o MRTA)

When you get the offer? izzit islamic loan and NZEC package?

really crazy rates!
how to fight with standard charter?
izzit any t&c?

Zero or Non-Zero?

Looking for a property loan of about RM400k to buy a commercial property.
Please PM me and I will share my details with you. Urgent!

Yeah. Very crazy rates indeed. Almost got a heart attack from there. Lost few potential client because of this.
I have sighted the Letter of Offer but was not given opportunity to study it closer

If i were to say Zero cost.
Would you faint and run to s.charted now?

nope... i'll just study the whole package through out to know the product better.

rates are just number.

TnC is more important from my point of view.

are they thinking abt the profit??

The PBE offer confirm is Flexi? But as what i heard from PBE banker that they actually do not hard sell their flexi package as it is not competable with other bank's flexi package. However, the waiver of penalty cost is really attractive.

For me, i will put the tenure into 20/30years though i make sure i fully paid the housing loan i 10years.
This is to make sure I would not tight up myself in cashflow. You can still can choose to pay with "10years installment payment" but 20years tenure.
So in case you need the money suddenly, you still can withdraw the money.

Just my 2cents, hope it can help you.