hi there, i'm planning to get a condo soon and since i am putting in about 50% dp, i only need a loan of about 100k. Any idea which bank gives the best rates and yet is flexible?

i guess when it comes to interest rates, being a local customer helps, i got an offer -2.05 BLR today from HSBC :-)

@capix, sounds like a good deal :-)

good to hear that there are helpful officers out there. it really does make a difference. R O Y here in this forum also helped me out during the initial stages, nice chap who's willing to share info. :-)

i think it depends. I applied for a loan and then within the same month applied for another loan because i bought another property. i got a much better rate for my second loan because i was a repeat customer (3 properties same bank). some banks see ownership of up to 3 properties as acceptable but beyond that, will probably give u lesser margin of financing. for my case, i'm talking about hsbc. i also had a friend who applied for 5 loans with CIMB for his 5 properties, the bank only cut down the MOF for the last one.

hi all,

anyone knows the income to debt ratio for all the banks? can share here for purposes of loan applications? those i know are:

1. hsbc: 50%
2. ocbc: 100%
3. maybank: 40%
4. standard chartered: 80%

of course these are flexible if can show additional FD or other sources of income

today i went to the MAPEX exhibition in midvalley and some folks from the Kuwait Finance House introduced to me their zero entry cost package for under construction properties. As for their fixed rate, it is at 5%, apparently this was only launched today

u mean the fixed rate? yeah, must be, i never paid much attention since i was looking at their ZEC for under-con. anybody had any experience with Kuwait finance house? r they ok?

r u sure max is 65? some banks have quoted me until 70 years old and one even 75 years old.

thats excellent. think i'll try to approach UOB bank. any UOB officers here?

kuwait finance house offers ZEC

hi bankers,

please quote me the best rate for the following loan

Property price: 238k
MOF required: 90%
Property name: Axis Residence
Tenure: 40, if not, 35
MRTA: no, i prefer to add to my insurance
Loan Agreement: to add in

Please PM me your contact stating which bank you are from and the rate

hi prototype

Can. when i bought my first property, i only had 2 months payslip to show the bank since i changed jobs but backed it up with my annual income statement (+ 6 months payslip) from my previous job. my position is also contract based. No problem. if you dont want a headache, approach one of the mortgage agents here, am sure they would be happy to help out

be careful abt hong leong bank valuations

they decide on the valuer according to the first alphabet of your (ie: the buyer's) name

so your valuation might differ a bit unless its very close to or below market value depending on which valuer u get

hi ed1torz

stan chart's max tenure is 30 years right? also, do u know the best rate they have for above 200k loan?

40 years = ocbc, cimb, maybank, hlb, public bank
45 years = affin

ocbc - 90% MOF + 10% home extra

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Added on November 9, 2010, 12:45 pmor find yourself an undervalued property and have a friendly chat with your lawyer and the seller :-)

This post has been edited by teoanne: Nov 9 2010, 12:45 PM

hi,

can anyone confirm? if i were to use my company (i'm a director) to buy a residential property, is it affected by the 70% LTV? I currently have 3 property loans under my own name. will i be able to get 80%? if so, what are the differences that i should look out for?

This post has been edited by teoanne: Nov 13 2010, 10:20 PM

usually there would not be much of a difference between verbal valuation and actual valuation if u provided all the correct info. for example, if u say your unit is facing klcc la, fully renovated with plaster ceiling etc etc but is actually not, then it will of course be affected. so far, no problems at all with valuations with all my purchases.

why need to PM? share here la :-)