Hi,

I received an offer from OCBC.
They said is a special offer.

Loan Amt : 240k
Interest : BLR -2.1%

Is it recommended? What else I should take note?

if loan 200k above for 2nd hand property (already built), do any bank now offer zero-cost which absorb the legal fee on loan agreement?

Thank you.

Thx Alex for the reply.
Sounds like if below 300k loan, best is UOB to offer -2.2 with free valuation.

U can nego higher with Maybank. Depends on who ure talking to. If u talk to the small agents then chances are limited. Go higher up to the Managerial level.

@mhfw,
4% fixed loan for life is a lot better than variable rate loans. BLR-x loans fluctuates with BLR, hence if BLR is 12% and your loan rate is BLR-2%, you'll end up paying 10%!

I'd take the government loan in a heartbeat.

fixed loan is just like hire purchase.

all bank fixed loan package is same.. u cant dump money.
even u dump, it is only prepayment for next month.
if u dont believe, pls look at the t&c of your offer letter if you are getting this type of package.
many ppl didnt aware regard this.

just curious to ask.... what is current offer rate from banks for loan more than 300K, 400K?

hi prody,

Thanks for the advice.
Yea, now waiting for Bank 3 reply. Hope they can keep their words..even though a bit unlikely..

Hi alex,

that's the one that makes the difference.
If compare first 3 years,OCBC is much better..hehe

Try Standard Chartered... they are very agressive now with their home loan package. My loan on 2009 was BLR-2.4% but of course I have lock in period of 5 years.

OCBC offer flexi -2.3 and no monthly maintenance fees. but they din provide u current account, cheque and ATM. in case u wan withdraw u must go to bank.

maybe only take one day to approve my loan...
but other banks...
so far have two offer:
Tiger: fix 1- 3 yrs, 4.5%, then BLR - 1.9%.
PB: BLR- 2.3...

Hi, i just book a condo that price ard 260k. loan 80% ard 208k..My developer sales agent send loan application to HSBC bank only and get "orally" approve(BLR-2). but there are many other panel bank:amb,cimx,rhx,bsx,bank islxx...so i want to apply those bank also to compare their price. but the agent say nt advice to apply too much bank together.(maybe waste their time???). so can i roughly know what the rate they offer or other point of attract?so i can select the only bank that i interest to apply.

am buying in a hot zone where demand is way bigger than supply. am searching for a decent place in the area for more than 4 months liao. agents told me some have been searching for more than 2 years.
of all the viewings i had, most are in deplorable condition or not very promising location (eg T-junction or main road or next to sewer pond or next to transmission lines or something).

those in valuation line please correct me, valuation is based on historical prices. therefore, they rely on transacted price to churn out statistics about pricing for a zone. eg. say taman ABC have 200 units where 50 units are located in bad area. and for the last 1 year or so, only 30 units were transacted under sub-sale where 25 units were bad units. and say the transaction for the good 5 units are rm300k/unit and bad units were rm240k/unit. what do you think the valuer is gonna give to the next guy asking for valuation within the same vicinity for a 'good' unit?

anyway this is just me telling myself i am not buying at 'overvalued' price to console myself. given the choice, i wouldn't buy it now but some circumstances are unavoidable for me to purchase the unit immediately.

pj ss2x

hello,

I've paid booking fee for 2 properties amouting to RM63k, PV Setapak, now looking for the Banks, the best Rate, first come first serve basic,
documents are ready, and you able to submit by today. so far, i have received HSBC email.

Requirement,
Joint name applicant, BLR - 2.4%
Please direct sms to me 0176494811. and send me your Email.
Urgent.

Urgent. fast.

RM700+-.
Have you tried Hong Leong Bank already?