yes....actually PBB offering Semi-flexi package and Fully flexi package to the market..

majority of the PBB bankers hard sell with the semi-flexi package since there is not so much different with the fully flexi package

can u share with us what are the differences??

is good for you to do refinancing and take out the RM 20k to setttle the cc and also start the own business

but regarding the EPF, i think u better think twice, because not worth it...

your epf current interest = 5%(if i am not mistaken)
but your housing loan after refinancing = BLR-. 1.40% (let say)
= 5.55 - 1.40 = 4.15% only

so do u think is that worth to take out the higher interest tool(EPF) to cover the lower interest tool(HL)??

so..think twice...

if u afford/have sufficient fund to pay the the d/p, then is better...
but some of the people only prepare for d/p, but no enough for the renovation or other incurred fees, so they try to lower down the d/p.

however, just for your info, OCBC is offering a package with 100%, which means 90% term loan + 10% personal loan

the personal loan of OCBC is different from others bank personal loan, OCBC is using reducing calculation method as housing loan but others bank is applying the fixed calculation for the personal loan.

regards

for me, i will take PBB BLR-2.10% ZEC(waive penalty cost) instead of taking SCB BLR-2.20% ZEC

penalty cost of existing loan= 3% of oustanding amount or RM 5,000 which is higher (pls refer to your letter offer)
= RM 3,000 or RM 5,000 which is higher
= RM 5,000

different interest of PBB and SCB = 2.20-2.10 = 0.10% pa
within 5 years, u will save = 0.10x 5 years = 0.50% x 250k
= RM 1250

so, if u take SCB, sure u will save RM 1250, but u still need to pay the penalty for the existing loan = RM 5,000

so better take PBB....

regards

the package u mentioned is under ZEC or NZEC??

hi....fyi,
ocbc ideal mortgage is new in market and not more than 1/2 year..

1st year = 2.50% fixed rate
thereafter = MLR-1.30% (current MLR = 4.40%

lock in period 3 years
penalty:
a) 1st-2nd years = 3% of origin amount or RM 5k which is higher
b) 3rd year = 2.5% of origin amount or RM 5k which is higher

and this package is only offered for completed property.

this package also offering home extra, which means providing an extra term loan 10% for you to do renovation or others purpose.
u also may extra privilege on PLB(portability loan benefit)...

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Added on October 5, 2009, 4:02 pmif u need my advise, u may pm me if u interested...
i am expert in this part....

This post has been edited by jackchp: Oct 5 2009, 04:02 PM

the min loan amount is 150k, not 200k

yes...nowadays some banks are offering the loan tenure up to 40 years or age 65. for example :OCBC and PBB
dont worry...

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Added on October 7, 2009, 12:29 pmas long as your monthly income is strong enough....
based on your enquiry, your monthly income should be more than 10k

This post has been edited by jackchp: Oct 7 2009, 12:29 PM

just highlight that developer is going to pay the legal and stamp duty of S&P only...
not including loan agreement...

if u choose NZEC, that means u have to pay for legal and stamp duty
pls take note...

which bank offering BLR-2.40% for whole tenure??

This post has been edited by jackchp: Oct 8 2009, 06:00 PM

my suggestion is go through the letter offer of bank A & B first before sign anything...
better rate doesnt mean everything also better...
just check the term and regulations...