i was offered loan with PBB and SCB.

when i read PBB's clause, they really "kiasi" put in a lot of clause to protect themself, and i feel very uncomfortable although i was offered BLR - 2.3% for entire tenure. my PBB banker told me, if you think that your bank has "unfairly" raised the interest, and you feel that you are "cheated" you can bring this case to Bank Negara who will "fight" on your behalf. anyway, I signed up with them

for SCB it's totally different, i felt very comfortable with the clause, cause don't have all these "variation clause" but i didn't choose their Flexi loan becoz of i don't need the Flexibility to withdraw. for normal people like me who don't do business, flexi is very "harmful". for me if i put in money to settle the loan, i prefer the money to sit in there rather than take in an out, coz i still have to settle the loan no matter what. not to mention i have to pay RM200 setup fees and RM10 monthly maintenance fee, which i could put back in the loan to lower my interest

which package should i go for? If i do the calculation in the full 20 years term, I will save more with package B but lets say I refinance again in 6 years time, then will package A be better? Opinions please - thank you

A
1. principle - 439k
2. term - 20 years
3. free moving cost
4. BLR-2.2%
5. Lock in period - 5 years
6. penalty for early settlement - 5%
or
B
1. principle - 439k + 6.9k= 445,900
2. term - 20 years
3. moving cost ownself pay by adding RM6900 to principle
4. BLR-2.4%
5. Lockin period - 3 years
6. Penalty - 3%

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.