Hi All,

I am new to housing loan and this is my first house..Need advice here..

Going to buy a completed house next month worth RM420k..Get 90% loan RM378k from CIMB with 3.7% ZEC for 30 yrs..Around RM1670/month..Is it a good deal?

Any better installment for me? My target is low installment for 1-3 yrs because of economy uncertainty and job security..what type of loan package will suit me?

Thanks in advance.

Thanks for your feedback guys..

Actually only CIMB valuer can mark up the house to RM420k while other banks valuate it around RM330-350k..currently the owner want to sell it at RM380k..I want bank loan of RM380k and save my cash in case of emergency..no worries much about the installment cause already got tenant (nursery)..I only need to add RM300-400/month and can increase the rent in the future..

CIMB said NZEC is 3.5% and ZEC is 3.7%..Need to confirm back from them how much BLR-x.x% they give me..if I can nego to 2% or more, that would be a bonus for me..

Any advice (positive,negative) from u guys is much appreciated..
Thanks!!

At this moment I only ask Bank Islam, Ar-Rajhi, Alliance Bank and CIMB..I think those banks give lower value due to that house is Malay reserved..So I conclude other banks will valuate about the same range as them..

My friend's lawyer said banks like Bank Islam, RHB and bank Muamalat not good, slow to settle transaction..

Will ask other banks this Monday starts with Hong Leong Bank and Maybank ...Could you propose me any other good banks? I look for the best rate and the best customer service..