Last night met with PBB housing loan agent, she offered me PBB flexi loan package BLR - 2.3, MRTA, ZEC, 30 years, loan amount 250k. Today she will submit to KL HQ for approval.

However, i heard that PBB's Flexi loan is actually not "Flexi"? Can some sifu here clarify it? The agent did actually introduce Term-loan (considered semi-flex) to me last night, but seems she willing to help me to "fight" for same interest rate as Term-Loan package, no reason why not for me to choose the flexi-loan package.

Thanks in advanced, looking forward for the explanation.

Thanks for your info, just trying it, BLR - 2.0 is fine for me too.

But my concern now is -> However, i heard that PBB's Flexi loan is actually not "Flexi"?

I hope any sifu here that familiar with PBB's Flexi can clarify it.

Thanks in advanced.

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~~!!

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~~!!

Yes, confirmed it is flexi, BLR - 2.1%, she did introduce me the term loan (considered as semi flex) package also, should be able to get BLR - 2.3% or BLR -2.2%. I guess maybe my profile is good, as my current loan is PBB also, they can check my good record easily.

Now i just afraid of 20 years or 30 years got the difference of total interest needed to be paid, even though i make sure i fully paid the housing loan in 10years......

Hi all sifu, Standard Chartered offering the following package after appeal:-
ZEC - BLR - 2.2 whole tenure (Flexi, must buy MRTA, RM10 per month for current account)
Non-ZEC - first two years BLR - 2.65, then BLR - 2.25 the rest (Flexi, must buy MRTA, RM10 per month for current account)

now among the best should be Public Bank and Standard Chartered, which package should i go for?

Thank you.

This post has been edited by alextcs: Sep 23 2009, 02:03 PM

Big news~~!!

I heard from brokers that government is going to force all banks to standardize their housing loan interest rate, which is cannot better than BLR - 1.9~!!!

Besides that, no more zero entry cost package, but can only finance the legal fee to your loan amount~~!!!

p/s: start from Nov onwards~~

This post has been edited by alextcs: Oct 23 2009, 08:34 AM

means that you also did receive the news?

seems like almost 90% accurate......

oledi proved that it's a rumour:-

http://www.theedgemalaysia.com/personal-fi...n-of-banks.html

just now received info from my public bank agent that my loan application maybe not approved, root cause not from me, but from the 2nd hand house's owner. She said the HQ checked his account, found out that the owner may be in blacklist, having late payment on credit card and housing loan......

sigh..... i'm going to sign the s7p tonight, but suddenly received such news.... shall i try another bank? or totally quit to buy this house?

Latest of the latest offer i received, should be the last offer:-

New house under construction, property value = RM350,000
Loan 90%
ZMC
30 Years

PPB offer -> BLR - 2.1, waived penalty of my existing PPB housing loan (around RM3800)
SCB offer -> BLR - 2.51 first two years, then BLR - 2.31 the rest

Both flexi, RM10 per month charges, MRTA.

All sifu, which offer should i accept?

Kindly advise.

Thanks.

aiyo.... headache..... difficult to choose.....

i heard new condition from scb, if we put in 70% extra money in the current account for 30days, then will kena extra 1% interest rate.....

confusing......

pbb or scb.....

Hi all sifu,

If loan amount (about 3 years ago) = RM150,000
Outstanding = RM100,000

In agreement, stated that the penalty = 3% of the outstanding balance according to the original schedule of month repayment.

My penalty cost should be RM4500 or RM3000 or RMxxxx ??

Thanks in advanced.

based on my experience, i will choose BLR - 2.0% ZEC.......