Hi guys, i decided to create a new topic for bank mortgage to post their current/best packages now...
quite number of mortgagers around anywhere of lowyat forums and quite difficult to ask 1 by 1 ...
any bank mortgager are welcomed to post here and allowed us best to get the correct housing loan packages... or anyone have housing loan information are welcomed to post here as well...
List down any info if possible by following the standard below:



Note: Edit any info if possible, i will update my standard at my 1st post. Thanks


NOTE FROM THE MOD (b00n): Pls post the loan package information besides the norm of "PM me for details"/"call me for details" etc..
If the post is without the requested information as per thread starter and pure advertising; than it would be deleted!
Thread pinned. But if it's spammed, than it would be taken down!

Since no one reads this 1st post anymore; pls proceed to this topic at property section https://forum.lowyat.net/index.php?showtopic=1702463 (if you do read this 1st post) *sigh*

This post has been edited by b00n: Jan 4 2011, 12:04 AM

Good thread.
i thinks there will be people giving u all the information you want.

im also want to find out now, for my futures.

This post has been edited by vin_ann: May 22 2008, 09:19 AM

There's already a place where you can compare the packages: http://www.fiscal-wise.com.my/FiscalWiseWe...anByWizard.aspx

Quite updated I think

erm...
difficult to sort out any recommended bank...

what this thread required to get the exact informations from mortgager, because housing loan may vary month by month... and the most of the bank's website was no up to date too...

This post has been edited by gkl83: May 22 2008, 04:41 PM

got offer from hsbc pbb and uob. all seem the same

BLR-2 ZMC flexi.

huh... can get BLR-2? I asked they told me the best offer is BLR-1.85 for CIMB, ZMC flexi

yup... i can get BLR-2 @ 2nd year onward from PBB, same for both NON-ZEC and ZEC
but only difference was the 1st year with/without 3.88%...

waa.. which branch? how did you get 3.88%?

sounds cool man.. completed or non completed property? landed or non landed?

This post has been edited by gkl83: May 22 2008, 07:45 PM

Alliance Bank offering

1st and 2nd year fixed rates 3.50% - 3.75%

PM me for more info

This post has been edited by hiro-san: May 22 2008, 09:17 PM

Non-ZEC:
Type of loan packages: Flexi Loan (MortgageOne)

Under Construction
BLR-2.00% throughout
Maximum year of tenure: Max 30 yrs up to 65 years old, self-employed up to 70 years old

Completed
BLR-2.00 thorughout
Maximum year of tenure: Max 30 yrs up to 65 years old, self-employed up to 70 years old

ZEC:
Type of loan packages: Flexi Loan (MortgageOne)
Under Construction
1st to 5th year: BLR-1.6%
Thereafter: BLR -2.00%
Maximum year of tenure: Max 30 yrs up to 65 years old, self-employed up to 70 years old

Completed
1st to 5th year: BLR-1.65%
Thereafter: BLR -2.00%
Maximum year of tenure: Max 30 yrs up to 65 years old, self-employed up to 70 years old

all the above rate is still can nagotiable depends on the loan amount.

P/S: for ZEC min loan is 100k. For NZEC min loan is 40k

This post has been edited by Errie: Aug 20 2010, 08:46 PM

Hiro-san and Errie,

Will your bank approve my home loan application if I buy a property (from the subsale market) that has been completed but has NOT yet receive CF. According to the seller, the developer will only get the temporary CF in 1-2 months.

mortgage officer welcome to offer me thru PM

1. apartment refinance 170K loan, waiting for strata tittle in 2months time. ZEC.

2. completed condo , 200K loan, ZEC.

Information:

Bank: United Overseas Bank ( U O B )
Mortgager's Contact: 6012- 517 1210 ( Wayne )
Mortgager's Location: EVERYWHERE......

Non-ZEC:
Type of loan packages: Intelligent Home Loan ( i H L )

1
Under Construction < 40%
1st year: 0%
2nd year onwards: BLR -1.60
Maximum year of tenure: 30 years or age of 65

2
Under Construction
1st - 3rd year: BLR -2.00
4rd year onwards: BLR -1.60
Maximum year of tenure: 30 years or age of 65



ZEC:
Type of loan packages: Intelligent Home Loan ( i H L )
Under Construction or Completed
Whole Tenure: BLR -1.75
Maximum year of tenure: 30 years or age of 65



MRTA:
MRTA can register 1 person name only although house owner have 2 person...
the loan amount 100% bear on 1 person that registered...

Others:
This all only Board Rate, and also T&C apply.. For more information can call for appointment..

---

Added on May 23, 2008, 12:50 amInformation:

This post has been edited by waynejw: May 23 2008, 12:53 AM

We can base on completed property to process your loan, we r accept temporary CF.. if without CF then must be treat is as 'under construction' property even it has been completed.

Wayne,

UOB got special interest rate for UOB card holder, right?
I get BLR-2.0% whole tenure.

270k++ loan amount, under construction, 30 years, ZMC, Flexi... PM me the offer... thanks

Home Loan Amt Require = 240k++
Status = Completed,
Loan Tenure = 30 years
Feature = ZMC, Flexi

PM me the offer... Thanks

Hi, is that ur loan amount more than 300k...?
that not a special for card holder.... this is u r good payer and potential customer lol....
hihihiiiiiiii
thanks for support...

---

Added on May 25, 2008, 11:24 pmactually we cant offer you the rate here because not us to set the rate for you.. even now i say can offer you -2.00 but mayb after proccess it might -1.85 or lesser lol.....
so normally just can let you know the board rate and how much installment to you lol...
thanks ya....

This post has been edited by waynejw: May 25 2008, 11:24 PM

bro, bought new house?

hi ,

I'm thinking to refinance my current property , the current bank ( UOB ) only offer me BLR- 1% and with conversion of 1k .

Please email me at guanleng@gmail.com if got offer .

My property is at Puchong near IOI mall .

Thanks !

www.fiscal-wise.com.my/ is quite outdated. It's better that you ask a banker for the rate as fiscal only shows old board rate while we on the other hand can offer better rate.

Try this site's housing loan comparative tables.

http://www.bankinginfo.com.my/04_help_and_...tPrefLangID=1&#

I planning to refinance my property..
I look for cimb, alliances, public bank morgage sales person contact.
Please PM me

---

Added on August 5, 2008, 11:07 amDear mortgage loan consultant,

I currently survey n planning for refinancing..

House details:
House Price = 164000k
Home Loan Amt Require = 140k++
Status = Completed,
Loan Tenure = 30 years
Feature = ZMC, Flexi
lock in period=5 yr


Enquiry Details:
Bank:?
Rate:?
Penalty:?
contactNo:?

I wish to get PM about the offer ... Thanks

This post has been edited by altang: Aug 5 2008, 11:09 AM

Hmm, I just got a BLR-2.05% for 30yrs offer from CIMB, dunno if that helps any of you reading this thread.

Is it Zero Entry or Non Zero?
What is your loan amount?

Dear All,

I am new here. I learn a lot browsing thru the forum.
I have a case and need some creative ideas. I am getting married and
trying to buy over my future wife's condo which the loan service by the
father.

He bought it at 280k and selling for 300k. Outstanding loan (served 3 years) with bank to date is around 200k+ .I myself have 100k. What would be the method so I could spend the least in order to settle this purchase? (as I would love to save some cash for later investment)

Looking forward to your reply. Thank you.

what do you mean loan service by the father? is he a mortgage banker?

Anyway,in your case here,i think the best package suit for you would be a flexi loan.
As you have RM100k in hand now,you may use it to help yourself to save Rm100k of interest.
With flexi loan,you can use the Rm100k anytime when it's nessesary or when you have a good chance for investment.
You can apply for a RM300k flexi loan,then put your RM100k to the same bank.
So the bank will only count interest base on Rm200k,but your installment will base on Rm300k.
And your Rm100k will be available for you anytime to use it.

Or

You may also use the RM100k as down payment, so that you just need to get RM200k loan,
Then your loan interest will be count with Rm200k also,but your installment will lower as it count on Rm200k.
But if you do so,you will lost your RM100k cash liquidity.


If you need more detail calculation,feel free to pm or contact me.
If you need help to apply the loan, i can provide service from all major bank in Malaysia too,
I will be glad to help

017-6100337
Onn

Since u have alot of cash on hand, by choosing Flexi loan will be able to help u save on the interest. You have the option to choose between Zero Entry Cost (bank absorb legal fees) and non zero packages with the latter have a better rates.

If this is your first house, you might want to take out your money from EPF Account 2 as well.

how about http://www.money3.com.my/ for house loan info?
hope this helps

could you elaborate more on installment base on 200k and 300k?
for personal stay, is it better to finance 90% or less?

---

Added on October 1, 2008, 10:27 amIt seems like Maybank has the lowest rate loan right now.
How to apply for EPF account 2?

This post has been edited by hoeynala: Oct 1 2008, 10:27 AM

It would be much helpful if you publish the rate here instead of asking one to contact you.
At least it the first point for them to compare.
That's also the purpose for this thread.

Dear all: Next advertising post would be deleted.

btw, if only this thread gets more informative than I'll consider pinning it up.
So guys, pls post constructively.

This post has been edited by b00n: Nov 4 2008, 12:39 AM

Help available at your fingertips here... For you to compare and get loan packages information offered by all the banks in Malaysia.

www.money3.com.my

Currently the best offer i think is from Alliance

There are always 2 side for a coin
Lowest rate does not means the best package.

Best package in term of?

i don understand refinance?can i get loan from refinance??

let say
house price 200k ++ already 2 years.. , can refinance borrow me 100k+ so the total loan would be 300k++ ? is it like htis?

No.

Scenario A:
No loan. So refinance here meant that the house is placed as a collateral to the bank for a loan up to a certain value of the property.

Scenario B:
Outstanding loan is RM200k.
Property value is RM220k.
So refinance here meant that you borrow from another bank at the property value of RM220k. So if the bank lends you RM220k (which a lot of time wouldn't be the case), RM200k would go to settle your previous loan and you'll have excess RM20k.

Ppl usually refinance because of interest rate savings and also in case they need extra cash.

This post has been edited by b00n: Nov 5 2008, 11:41 PM

It is like you are buying a car. Do you only look at it's horsepower? and nothing else?
Housing loan is not only about the rates.
What kind of package (daily rest? monthly rest? conventional? Islamic? Flexi? Full flexi? Wannabe flexi?), what are the monthly charges/hidden charges, setup fee/processing fee, how much processing fee for withdrawal of excess payment, how are extra payment towards principal made (do i just dump all money into the cash machine and it will automatically do the maths for me?), what are the terms and condition, exactly how convenient is it for me to pay the monthly installment, how easy is it for me to get hold the customer service when i need help, how fast the bank disburse the money to developer or vendor so that i wont get charged interests, blablabla ....

What eDogawa said is absolutely right.
I'll give some example here...

Mr. X wanna buy a house worth RM500k.
He have RM250k cash.
He want to take a loan of 90% margin.
Preferable flexibility.

Package A from Bank A
BLR -2.3% WHOLE TENURE ZEC
T&C:
1. allow pre-payment not exceed 50% of loan amount or else will be
charge 1.5% on the amount exceeded.
2. 3 days notice to make withdrawal. RMxxx will be charge per transaction.

Package A from Bank B
BLR -2.0% WHOLE TENURE ZEC
T&C:
1. Flexibility to dump-in money. Zerorise housing loan within bonding period without any penalty fee AS LONG AS the subject property are not refinance / discharge from the bank.
2. cheque book and ATM card provided to ease withdrawal. only RMxx will be charge annually to maintain current account.

Between the above 2 package of housing loan offer by 2 different banks, which package do you think Mr. X will take up??

Special Rate housing Loan
First Year 3.80% for taking MRTA

All below was Free Legal document Package:

Public Home Plan

Normal Term Loan Package

Loan Amount :150k - 350k
Interest: BLR-2.0 Whole Tenure

Loan Amount :350k - 500k
Interest: BLR-2.1

Loan Amount :>500k
Interest: BLR-2.2


Full Flexi Package

Loan Amount :200k - 400k
Interest: BLR-2.0 Whole Tenure

Loan Amount :400k - 500k
Interest: BLR-2.1

Loan Amount >500k
Interest: BLR-2.2


Public Bank Commercial Plan

Loan Amount :200k - 300k
Interest: BLR-1.5 Whole Tenure

Loan Amount :300k - 400k
Interest: BLR-1.6 Whole Tenure

Loan Amount : > 400k
Interest: BLR-1.7 Whole Tenure


Feel Free take a look on our latest package. Thank

Best Regards
HK Law
0166199989
_________________
HK Law

any bank absorb the penalty fees by previous loan terminated early to refianance?

---

Added on November 16, 2008, 12:26 amany bank absorb the penalty fees by previous loan terminated early to refianance?

This post has been edited by yewkhuay: Nov 16 2008, 12:26 AM

Eon bank package 3 absorbs penalty up to 3% of loan plus pay for all legal fees for new loan agreement. Rate is BLR-1.6% for first 8 years, then BLR-2.4% TA. Lock in is long though....8 years with penalty of 5%.

if i was mr X
i'd take bank A
any dumping, i'd dump into ASB or anything that provides me better rate than BLR - 2.3
but that's just me.
i have the luxury of ASB.

New AIA rate!!

------------------------Loan To Value----------- Loan To Value
----------------(more than 80% to 90%) -----(80% & Below)

Zero Moving ----------5.85% p.a. ---------------5.75% p.a.
Cost (ZMC)

Non Zero --------------5.70% p.a.--------------- 5.60% p.a.
Moving Cost (NZMC)

* Term & condition apply


Rizal Ismail
019-611 5974
AIA mortgage Planner
Rizalaia@gmail.com
http://financial-thought.blogspot.com/



edited by b00n because size is irritating

This post has been edited by b00n: Nov 24 2008, 01:04 PM

what's the minimum amount?
what is the maximum duration?
what is the rate with or without MRTA?

which one r u referring to? If it's my via my co. ie. NYLife :-

1) No min amount, if lower than RM100k client must cover his/her own legal fee
2) Max duration is 45yrs depending on age
3) Rate is BLR - 2.5% (4.0% based on BLR of 6.5%)

Additional info :-
1) We are an financial broker for most local/foreign banks. Easy 1 stop submission for your loans ie. 1 loan application will be submitted to 10+ (& growing) panel banks.
Within 3 days a pre-approved offer will be given. Saves you time + money ie. you do not need to travel and submit 10+ applications on your own.
2) Better rates via NYLife than personal application ie. if you apply for a RM500k loan, your rates is as per RM500k, however NyLife applies for RM50-100million loans per week, your rates will be better going through us with higher negotiation power.
3) Loan application services are f.o.c.

* Besides housing loans, we are a 1-stop solution for all your financial and property needs ie. buying/selling properties, loans, insurance, legal advise, estate planning & investment.

This post has been edited by DannyOP: Dec 11 2008, 02:13 AM

I've just signed my offer letter so just sharing here..


AMBANK

Properties value - 340k
BLR - 2.25% (approved rate, promo rate is -2.3%)
Whole tenure 30yrs
RM5/month maintenance
RM100 setup fees. RM10 Standing Order stamping.
Full flexi, anytime withdrawal/deposit
daily interest calculation

Anyone know about UOB BLR now?

6.5%
effective 1st dec - maybank, cimb, uob, eon, hong leong, alliance, public bank
effective 3rd dec - ocbc

6.55%
effective 1st dec - citibank

correct me if im wrong
http://biz.thestar.com.my/news/story.asp?f...42&sec=business

This post has been edited by giasens: Dec 5 2008, 10:05 AM

We'll see mostly BLR either to be at 6.5% or 6.55%.

Information:

Bank: hong leong
Mortgager's Contact: -
Mortgager's Location: -

Non-ZEC:
Type of loan packages:

Under Construction
1st year: 2.38%net
2nd year onwards: BLR 2.88%net
thereafter:-1.30%(with MDTA)
Maximum year of tenure: 30-65 whichever is earlier

ZEC:
Type of loan packages:

Under Construction
1st year: 2.88%net
2nd year onwards: 3.88%net
thereafter:-1.30(with MDTA)
Maximum year of tenure: 30-65 whichever is earlier

If you wan more information u can massage here and email me johnchew2002@hotmail.com...i will reply u as soon as possible...thank

thanks..

AFAIK, only alrajhi + PBB + CIMB give sub 100k loans, yes?

looking for loan refinance tht give ZMC , 160K, pm me ur rate, preferable no lock in period n fixed rate.

i got approved by UOB mortgage loan for 216k BLR - 1.8%...base on today BLR 6.50 - 1.80=4.70% i paying..is consider good rate?

affin blr - 1.9 FMC
cimb blr - 2.x
i think you can get better.

loans are highly subjective to customer's credit profile also as well as a host of other factors ie. length of loan, loan amount etc, for good profile clients we got 6.5 - 2.5 = 4.0%. So far still unbeatable. Besides clients other bankers are also welcomed to join our panel to ensure you have the best rates for your clients. Kindly pm for more details.

This post has been edited by DannyOP: Dec 11 2008, 02:19 AM

6.5% - 2.5%..i' not that high profile yet...

What if i'm working for my own company and i want to get home loan up to 300k. Heard that now banks are very stringent, what would be the requirement?

Hi people. I know there is already a sticky of this topic but I was thinking of gathering all the info and compiling it all into 1 so that it is easier to check the rates.

So Lets get started.

CHOOSING THE IDEAL LOAN

There are hundreds of different loan packages out there that offers different rates and different features. Therefore, when choosing a home loan package the 1st question that pops up in your head should not be:

"Which bank offers the lowest interest rate?"

Interest rate should not influence you so much to the extend that you do not consider other factors. The 1st question that you should ask is:

"Which bank can offer me a good loan package under these circumstances?"

Reason why I would advise such is:

1. Service is just as important.
You can choose the best rate in town but if the person serving you is lazy or rude or with an attitude, your loan will most probably get delayed as the staff might have pushed your loan application aside/ When there is something wrong with the loan eg: the loan package that you got is not the one you requested, you can't find or call the person that served you... Actually there's thousand and 1 things that can happen so even if the rates is BLR0.05% better than another bank, I'd rather pay abit for the good service.

2. Are you a risk taker
There are 2 different types of rate that I can think of:

a) Fixed rate
Fixed rate have higher BLR. This is more for those that are risk adverse. Reason is that BLR can fluctuate. Within your 30 years tenure, BLR can shoot up to as high as 12.77% (the highest it went back in 1997).

:: Pros

When interest rates rise, your repayments won’t

:: Cons

If interest rates fall, your repayments won’t
Restrictions on prepayments
No redrawing permitted

b) Variable rate
Variable rate has a lower BLR and this are more for people who are willing to take a bit of risk as nobody can predict what the BLR would be in the coming years. Great example would be the latest decrease in BLR. What was predicted before BLR went down was that it would go up to 7% but instead.. it went down.

:: Pros

When interest rates fall, repayments fall
You enjoy very low interest rates during the initial years
May allow prepayments (subject to conditions)
May have redrawing features (subject to conditions)

:: Cons

When interest rates rise, so do your repayments

3. Xtra charges
Certain banks have hidden cost or extra charge. So remember to ask again and again what charges they have. Eg: Some banks will charge you for every transaction you make. So be xtra careful on that.

Another one would be the "ZERO COST" packages. Do ask the sales staff if all legal fees, stamp duty and valuation fee will be fully absorbed by the bank. Eg: Certain banks will state that it is zero cost however you have to pay 0.5% of the legal fee or it could be free legal documentation but you have to pay for valuation fee.

4. Term Loan or Flexi Loan

a) Term loan
May offer you the best rate but keep in mind that if you want to pay xtra to clear off your principal, you have to inform the bank in advance. Any xtra payment that you make, you cannot request to withdraw it.

b) Flexi Loan
With the current account, you can deposit money in as a payment for our principal which will help you reduce the interest AND you have the option to withdraw the money at anytime. There are certain banks that has add on features that can link your loan to your savings and offers you additional bonus credit to offset your loan.
Note: Usually there is a set up fee of RM200 and maintenance fee of RM10-RM15 depending on the bank. That's another thing that you should check.

These are a few that I can think about at the moment. Any xtra help would be much appreciated.

---

Added on December 12, 2008, 11:55 amDOCUMENTATION

General documents to be prepared.

1) Photocopy of IC
2) Land Title/ S&P
3) Latest 3 months salary slip
4) Latest Bank statment that your salary is credited into
5) BE form & tax receipt
6) Any fixed deposit/ addtional savings you have frm other banks
7) Loan statement (for refinancing cases)
8) Borang A & D (for sole proprietor & partneship- self employed)
9) Borang 24 & 49 (for companies- self employed)
10) 6 months current account (for self employed)

These are the documents that are normally required depending on different circumstances. So you can be prepared. Any bankers around that wants to add on?

There is no harm applying with a few banks as the rates shown are Board Rates which can be negotiated. It is all subjected to management approval

---

Added on December 12, 2008, 12:00 pmPUBLIC BANK
Public Home Plan

ZERO COST PACKAGE (ZC)

Normal Term Loan Package

Loan Amount :150k - 350k
Interest: BLR-2.0 Whole Tenure

Loan Amount :350k - 500k
Interest: BLR-2.1

Loan Amount :>500k
Interest: BLR-2.2


Full Flexi Package*

Loan Amount :200k - 400k
Interest: BLR-2.0 Whole Tenure

Loan Amount :400k - 500k
Interest: BLR-2.1

Loan Amount >500k
Interest: BLR-2.2

* Take note of this. I have checked with public bank but this is not the rate. For their flexi loan Package, the rate is higher. Any PB banker here please clarify on this. Or is this NON ZERO COST (NZC)?


Public Bank Commercial Plan

Loan Amount :200k - 300k
Interest: BLR-1.5 Whole Tenure

Loan Amount :300k - 400k
Interest: BLR-1.6 Whole Tenure

Loan Amount : > 400k
Interest: BLR-1.7 Whole Tenure

Person to contact: HK Law
H/P number: 0166199989

---

Added on December 12, 2008, 12:14 pmCIMB BANK

ZERO COST PACKAGE (ZC)

Flexi Home Loan Package

Loan Amount : < RM300k
Interest:
Under Construction - BLR-1.65% Whole Tenure
Completed - BLR-1.75% Whole Tenure

Loan Amount : >RM300k, <RM500k
Interest:
Under Construction - BLR-1.75% Whole Tenure
Completed - BLR-1.85% Whole Tenure

Loan Amount >500k
Interest:
Under Construction - BLR-1.85% Whole Tenure
Completed - BLR-1.95% Whole Tenure

Additional BLR-0.1% for MRTA

NON ZERO COST PACKAGE (ZC)

Flexi Home Loan Package

Loan Amount : < RM300k
Interest:
Under Construction - BLR-1.85% Whole Tenure
Completed - BLR-1.95% Whole Tenure

Loan Amount : >RM300k, <RM500k
Interest:
Under Construction - BLR-1.95% Whole Tenure
Completed - BLR-2.05% Whole Tenure

Loan Amount >500k
Interest:
Under Construction - BLR-2.05% Whole Tenure
Completed - BLR-2.15% Whole Tenure

Additional BLR-0.1% for MRTA

Person to contact: Can contact me and I'll look for a CIMB banker for you
H/P number: 0123871138

---

Added on December 12, 2008, 12:25 pmEON BANK

ZERO COST PACKAGE (ZC)

Loan Amount : > RM200k
Interest:
Completed - BLR-2.2%- 2.3% Whole Tenure

Note:
1. This is not a completely zero cost package. Customer will have to bear 0.5% of the legal fees.
2. I need someone to confirm if it is a flexi package or term loan as I'm getting 2 diff answers frm 2 diff staff.

For those who wants their penalty fees up to 3% absorbed as well:

Interest: 1st 8 years - BLR-1.6%
Thereafter - BLR-2.4%

Lock-in-period = 8 years

---

Added on December 12, 2008, 12:40 pmPRICE SOLUTION (subgroup of Std Chartered Bank)

Mortgage One (flexi)

ZERO COST PACKAGE

Under Construction
1st to 5th year: BLR-1.6%
Thereafter: BLR -2.00%

Completed
1st to 5th year: BLR-1.65%
Thereafter: BLR -2.00%

NON ZERO COST PACKAGE (NZC)

Under Construction
BLR-2.00% Whole Tenure

Completed
BLR-2.00% Whole Tenure

Rates are negotiable

Person to contact: Can contact me and I'll look for a PS banker for you
H/P number: 0123871138

---

Added on December 12, 2008, 12:47 pmUNITED OVERSEAS BANK

INTELLIGENT HOME LOAN ( i H L )

NON ZERO COST

Under Construction < 40%
1st year: 0%
2nd year onwards: BLR -1.60

Under Construction
1st - 3rd year: BLR -2.00
4rd year onwards: BLR -1.60

ZERO COST

Under Construction or Completed
Whole Tenure: BLR -1.75

MRTA:
MRTA can register 1 person name only although house owner have 2 person...
the loan amount 100% bear on 1 person that registered...

Person to contact: Wayne
H/P number: 012- 517 1210

---

Added on December 12, 2008, 1:04 pmHONG LEONG BANK

If I'm not mistaken this is term loan

NON ZERO COST

Under Construction
1st year: 2.38%net
2nd year onwards: BLR 2.88%net
thereafter:-1.30%(with MDTA)

ZERO COST

Under Construction
1st year: 2.88%net
2nd year onwards: 3.88%net
thereafter:-1.30(with MDTA)

Person to contact: JohnChew2002@hotmail.com/ Me!!
H/P number: 012-2498060/ 012-3871138

This post has been edited by DriedIce: Dec 29 2008, 10:30 PM

Standard Chartered Mortgage One

ZEC:
Loan Amount 100 - 200k
BLR- 1.75% (1-5 yrs)
BLR- 2% (Thereafter)

NZEC:
Loan Amount 200-400k
BLR- 2.3% whole tenure

5 yrs Lock In Period

*Better rates for higher loan amount


Thanks,

Tan
0123652902

While I was talking to my client today, an idea just hit me so I'm going to bounce this idea around and see what you guys think.

Assumption:
Loan tenure = 21yrs
Outstanding loan balance = RM120k
Market value for home = RM200k

Monthly loan repayment for a housing loan of RM120k = RM737
Do a refinancing with top up to RM160k (after a few years) = RM983
Investment in Gold @ 2.5%pm for the additional RM40k = RM1,000

Seems like a win win situation. If the investment doesn't go well, customer can put back the additional 40k which will reduce his interest payment and further shorten his loan tenure as the customer will be paying more of his principal. hmmm...

what bout Maybank? DOes anyone knows about Maybank Maxi Home?

bro, you are making a very big assumption here... 2.5%pm compounding for 12 months [ (1.025)^12-1 ] is 34.49% pa of return! That is better than any equity investment at this moment which all delivers negative return. Please consider the volatility...

LOOK:-
mortgage BLR-2%, about 4%+++
credit card 18%+
personal loan.... dunno let say 20%+

Any borrowing cost is cheaper than your assumption of expected return. FYI, risk free rate we normally use Fixed Deposit ( 3% ++ ) or KLIBOR ( 2% ++ ) only.... therefore anything above that is consider risky investment.

1stly, I ain't bro. You can call me sis.
2ndly, the risk is:
- 1. Company closes down you lose 20%-25% of your gold value. Once you sell the gold, you can put the money back into the current account IF you took up the flexi home loan package. With that, the money you put back will offset the principal.
- 2. You lose the gold
3rdly, the gold trade has been mentioned in another thread. As I was saying there, it is not subject to market volatility.
4thly, it does not work on personal loan. I've already calculated it. If you borrow RM10k @ say 12% pa, monthly installment is RM250. Rebate from the gold trading for RM10k is also RM250. So theres no point in doing it. This applies to cc as well.
Lastly, this only applies for refinancing.

This is my opinion after doing some calculations. And considering that the economy is going to be worse, it would help ppl pay off their monthly installments.

What is the conversion of 1k for? is it for something like admin fees?
Are you still tied to UOB?

Hi Danny,
I am interested to refinance my housing loan, could you please provide me more information about the housing loan package and info about your company. TQ

Hi, I am from PS, Standard Chartered Bank..I'm here again to sharing with u all, currently my bank is having a new interest rate on Normal Term Loan for completed property.. that is

ZEC (min loan size 100k)
1st-3rd year: 4.88% fixed
Thereafter: BLR-2.2%

Non ZEC (min loan size 40k)
1st-3rd year: 4.18% fixed
Thereafter: BLR-2.2%



This post has been edited by Errie: Aug 20 2010, 08:42 PM

hi everyone, i just paid booking fee for a condo unit, now scouting for housing loan, if u guys got any special loan package, please PM me, thanks.

purchase price: RM315,000
building status: completed (9 years ago)
location: Brickfields KL
type of use: Residential Condominium
land tenure: Freehold
preferred margin of finance: 90% (RM283,500)
preferred loan package: term loan (without overdraft facilities)
MRTA/MLTA: no

Hi SowYau,


With you currently loan amount I could offer you BLR -1.9% for ZMC & BLR 2.0% for nZMC. If you are not looking for a overdraft facility, i believe semi-flexi conventional loan would suit you better.

Do let me know if you wish to know more about mortgage loans. You may reach me at my mobile or email.

Hope to hear from you soon.


Regards,


Merce Chua
Mortgage Sales Executive
OCBC Bank(M) Berhad
019 - 913 1127
ChuaCChie@OCBC.com

Actually this is something I won't recommend because you can't be sure of the return. Secondly there may even be losses. For important expenses like housing loan, it is not worthwhile to play with risk. If anything goes wrong with this risky investment, the first person the client look for is you. I will only introduce high risk high return investments if the customer has extra cash and doesn't know what to do with it, but for a client who still has to pay for his loans, 1st priority is to reduce cost and expenses.

This post has been edited by DannyOP: Dec 27 2008, 12:46 PM

Hi guyz...i'm looking forward to buy semi d house at at bandar bukit mahkota bangi..price is 240k....my salary after deduction is 2500...therefore i need some advice...what is the best loan package...i need lower monthly installment and is it possible to have 100% loan or at least 95% loan? please advice...pm me if possible...or here also can..i've noticed we have bank staff here...i'm looking for 30 years installment..let me know monthly installment

This post has been edited by sissoko: Dec 27 2008, 09:25 PM

Just estimate yr salary be4 deduction is RM 2.8k
and this house loan around RM 216k (90% margin) monthly installmet around RM RM 1200-1300

qualify for apply loan is 1/3 of your salary or 40% of your salary (some bank can up to 60%), but your situation should be ok for apply... depend on your other commitments eg: car and house.

Loan can get up to 90% only based on BNM rules of financing. If the market value higher than the purchase price u can markup the value eg 265k
(mean u can use the 265k for 90% loan) pls remember the SPA hav to follow the new price.

try to get for local bank loan, foreign bank approver a bit tight.

HONG LEONG BANK

term loan

NON ZERO COST

Under Construction
1st year: 2.38%net
2nd year onwards: BLR 2.88%net
thereafter:-1.30%(with MDTA)still can fight the rate for you...

ZERO COST

Under Construction
1st year: 2.88%net
2nd year onwards: 3.88%net
thereafter:-1.30(with MDTA)still can fight the rate for you..

Person to contact: JohnChew2002@hotmail.com/ Me!!
H/P number: -/ 012-2498060

I wanted to buy a second hand house. The owner is selling the house below market price. Its value is at 240k-250k, as mentioned due to few failed applicant who didnt manage to get the loan for that particular house. The owner was selling at 240k.
(i) Issit possible to mark up the loan?
(ii) What are the docs required to buy a second hand house
(iii) How do we apply to numerous number of bank at one time? Is the application process free of charge?

i) it is not possible to mark up as the banks will do a valuation on the property, however if you purchase below the valuation rate then you can technically get close to 100% loan.
ii & iii) you can apply through us (NyLife) as we are mortgage brokers ie. all local & foreign banks are in our panel. There is no application fee. 1 application goes to all banks at once. Do let me know your email so that I can send you the loan details & checklist. Cheers.

I got quite good package from Standchart.

1-5 years : blr-2%
onwards until completion for 30 years loan : blr-2.15%

TQ.

Wow... what is ur loan amount?? issit zero entry cost?

I would like to know what is the "conversion of 1k" too... is it compulsory?

Danny,

I am just wondering how is your business like....are you paid by the banks or the applicant(if successful) or both?


minolta

---

Added on January 7, 2009, 8:42 pmI am looking to re-finance a sizable home loan out from UOB bank. So for those mortgage agents that are monitoring this thread, I welcome you to pm me your packages.

minolta

This post has been edited by Minolta: Jan 7 2009, 08:42 PM

I'm looking for good interest rate for flexi house loan.
I'm from malaka and already pay the deposit to buy a Semi-D at rembia.
Properties Price:400k
Planning to Loan:200k - 250k
This is my first house so no exp. on house loan.
Currently StandardCharted offer -2.05BLR, can i apply to get higher rate?

This post has been edited by limlim78: Jan 10 2009, 12:34 PM

You may check out http://www.money3.com.my
Its a portal with the latest homeloan packages from all banks.
If you are looking for flexi loan, try Alliace, currently offering BLR-2.2%

Thank you for your info.

could anyone here please explain the difference between term loan+overdraft and flexi loan? what's the benefit of both package?

Hi,

Well i'm not sure whether is your "term loan+overdraft" different from "flexi loan", cause it looks like the same to me... but i'll explain the different between term loan and flexi loan in general.

You may refer to this link for the my post.



Do give me a call if you wish to know more.


Regards,

Merce Chua
Mortgage Sales Executive
OCBC Bank (M) Berhad
019 - 913 1127
ChuaCChie@OCBC.com

This post has been edited by merce: Jan 11 2009, 07:14 PM

Here's couple existing topic:
http://forum.lowyat.net/index.php?showtopic=555063&hl=
http://forum.lowyat.net/index.php?showtopic=703776&hl=
http://forum.lowyat.net/index.php?showtopic=725102&hl=
http://forum.lowyat.net/topic/559259

And if we're talking about realestate.net.my, below is a couple of links.
Gosh I do miss this marxdean guy. Long time didn't see him there; thus I retired also.... A good devil's advocate.

This post has been edited by b00n: Jan 11 2009, 09:31 PM

Hi,

We are paid by the banks only. There are no charges to applicants.

The advantage for being an intermediary is that we do not promote any particular bank as there are now more than 15 banks in our panel. The ultimate choice still belongs to the applicant. Within 3 working days (provided there are no missing documents or complications), you will be getting a pre-approved offer from the panel banks and you are free to choose the best rates in the market.

Other than this most of our staff are certified financial advisors. Besides Property financing we also have Business loans, grants, insurance advisory, investment, risk management, estate planning among others. You can also be assigned to a personal advisor should you need any help on other areas of financial advisory.

This post has been edited by DannyOP: Jan 12 2009, 09:00 AM