what do you mean loan service by the father? is he a mortgage banker?

Anyway,in your case here,i think the best package suit for you would be a flexi loan.
As you have RM100k in hand now,you may use it to help yourself to save Rm100k of interest.
With flexi loan,you can use the Rm100k anytime when it's nessesary or when you have a good chance for investment.
You can apply for a RM300k flexi loan,then put your RM100k to the same bank.
So the bank will only count interest base on Rm200k,but your installment will base on Rm300k.
And your Rm100k will be available for you anytime to use it.

Or

You may also use the RM100k as down payment, so that you just need to get RM200k loan,
Then your loan interest will be count with Rm200k also,but your installment will lower as it count on Rm200k.
But if you do so,you will lost your RM100k cash liquidity.


If you need more detail calculation,feel free to pm or contact me.
If you need help to apply the loan, i can provide service from all major bank in Malaysia too,
I will be glad to help

017-6100337
Onn

Is your loan an Islamic Loan?

If it is Islamic loan, then it's normal, because your statement will show out the total 'interest' for remaining years + balance principle.
Others Non-Islamic loan will only show the outstanding principle in your statement.
This is due to Islamic law that bank cannot make profit by earning interest. So they have to change the way to show the 'interest'.
That's why you will see your statement after 10years of repayment, your outstanding still over the original loan amount.

I have a client also get shocked when he saw this lastest Islamic-loan statement after 5 month of installment showing his balance RM240k+ where the original loan amount only RM160k.
But everythings is clear when i when to check in the bank. Bank will show you total real outstanding principle you still own the bank. It Rm150k+ in my client case.

I dun think OCBC have any Full Flexi package like Mortgage One from SCB.
OCBC always tell people they have Semi-Flexi that function like Full flexi which for me is just useless and no different from normal conventional term loan.

Correct me if i'm wrong.

Ya, the statement will let you know everythings. But do you believe that people from a very famous Mortgage loan Consultant (the name start with 'S') tell me and every one that bank statement is fake and there will be always a hidden statement that bank never let us know. How radiculas is that. They keep on say that Flexi loan is useless in saving interest.

But i wonder why there's no action from any flexi loan's bank or Bank Negara.
They telling everyone in anywhere including in their talks/presentation/seminar.
How can those banks let them say like that? or is that real of what they talking about flexi? (chance might be 0.001%)

i think it's abit hard to get 400k loan with salary just 4K.
As you monthly installment base on 400k loan for 30years already about RM1800 already.
But you still can try for it. I can try my best to get the loan approve for you if you wanna try.
If can try to get another name in the loan.

BLR-2.2 i think is ok already. but still can improve abit like 0.1-0.2 like that.
Is your fren take Flexi loan? May let us know which bank?

I dont think OCBC have any full flexi loan, please ask your friend check carefully.
What OCBC have is only semi-flexi as they calling it.
That's totally big different from Full-flexi loan.
(Correct me if my info is wrong, any OCBC bankers here?)

Try to get CIMB or Alliance if you looking for Full Flexi, Their rate currently is quite nice, BLR-2.2 to -2.3 should be no problem for Full-flexi loan
I can intro some good service banker if you need it

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Added on April 6, 2009, 1:49 amWaiting Bank Negara or any financial parties stand out and ask 'S' to stop the joke.

This post has been edited by onnying88: Apr 6 2009, 01:59 AM

You may refer to my reply in another thread about Full-flexi, semi-flexi, and normal term loan

Here's the links , refer second post

But it's been long time they in business already. More and more innocent victim cheated with their hard earn money. RM1500 + 1.5% loan amount as their consultant fee... how radiculas is that =.="

My consultant fee is zero only lol. Anyone need consultant for their mortgage loan? i charge you one teh tarik enough

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Added on April 7, 2009, 8:27 pmTry CIMB and Alliance too, their rate is not bad too especially CIMB

This post has been edited by onnying88: Apr 7 2009, 08:27 PM

But they keep mention Flexi loan is useless and cannot save interest at all. I saw their presentation and doc before.
And even they tell us that bank will always have another hidden account at the back for our loan.

I asked someone from SUPEX,
If my flexi loan outstanding is RM30k, and i dump in RM30k, interest become zero, so i can settle the loan after finish deduct the RM30k right?
Supex answer me NO, you will not settle the loan after that, bank will show you another account and ask you pay more than that.
I just feel that Supex is cheating by keep telling bullshit to frighten people. They keep on telling me they are here to save me. They keep brain wash people we must follow their way to save interest.

I say Supex is cheating because that's my personal feeling after meeting them accidently when i walking around in a Property Fair.

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Added on April 8, 2009, 1:49 amWhat's your Maybank rate? mind to share?

Supex again?
Join me better, a cup of teh tarik to listen, a roti canai to join as my member

This post has been edited by onnying88: Apr 8 2009, 01:51 AM

Full Flexi or normal term loan?

As i know for maybank, you r compulsary to take their insurance so that you can get that rate.
Like that you might have no choice to take better insurance coverage for your loan.
Correct me if i'm wrong.

There is some guaranteed return policy that you can choose for MLTA insurance. Summore the Guaranteed return is more then you paid in total 30years. Not like those 1 to 1 guarantee back MLTA at the end of settlement.

For example a RM200K sum assure for 30years old man,
You can take this MLTA for RM2170 per year.
Then at the end of 30years, you can have guaranteed return of RM86,678
(You only pay RM65,100 in the 30years and get return of RM86,678 guaranteed)
This MLTA pay some interest for you,Free RM200k insurance in 30years and everythings is guaranteed

And also there is Low Cost MLTA also,
For a same age 30years old and sum assure RM200K for 7years level coverage
1 year only need pay RM384 only.Total pay for 7 years only RM2688.
Just that this MLTA has no return at the end of 7 years. But have some return in the middle years in case you plan to refinance again
Very good to replace MRTA because MRTA need to pay lump sum or finance into loan.

This post has been edited by onnying88: Apr 8 2009, 10:58 PM

Pmed you.
For your case, i think BLR-2.2 to -2.3 should be no problem

You'r just half right, Flexi let you deposit and withdraw any EXTRA money you put into bank to offset the balance to reduce the interest without explicit write-in and processing charges, but will have RM10 monthly charges.

OD is used when you apply from extra margin of your house for you to use anytime.

But flexi loan also can be use as OD also as you apply for extra margin, the extra money that you loan out will not charge any interest also if you put back in the bank current account. And you can use it anytime you want just same like OD. But using this way you will need to pay installment calculate by the total loan amount no matter you got use the extra money or not.

Normal term + OD will calculate installment using the normal term loan only. Then if you used the money from OD, your installment will be
(Normall term installment + amount that you used in OD) = your monthly installment.

Please note that OD interest is different and normally higher then your term loan interest.
If using Flexi to be 'OD' the 'OD' will using the same interest rate to count.


Onn

Sorry i didn't mean that >.<
Maybe you can just say a hi to my when you see me online.
As there's alot ppl added me in msn regarding to the job i offer in here.
I might dunno who and which is you.
Sorry again.

Yup, there's a bargain power in your case. If your loan amount is high enough

The 3.7% you mean izzit come from BLR-1.85 = 3.75% ?
For 3.7% 30years loan, you installment should be RM 1740/mth

If CIMB offer you BLR-1.85, i'm sure there's others bank offer better then this.

For example Hong Leong Bank can offer ZEC Flexi Loan BLR-2.15 = 3.4%
And installment for 30years will be RM1677/mth

Hong Leong ZEC Flexi loan can offer up to
BLR-2.2% with MRTA (RM250k to RM500k)
BLR-2.15% without MRTA (RM250k to RM500k)



Do you know that if you out RM1 everyday into flexi loam, you can shorten your tenure to 1.5- 2 years time?
Do you think RM1 is consider high cash flow?