Nov 20 2008, 11:23 AM
QUOTE(abyss8 @ Nov 8 2008, 01:58 AM)
What eDogawa said is absolutely right.
I'll give some example here...
Mr. X wanna buy a house worth RM500k.
He have RM250k cash.
He want to take a loan of 90% margin.
Preferable flexibility.
Package A from Bank A
BLR -2.3% WHOLE TENURE ZEC
T&C:
1. allow pre-payment not exceed 50% of loan amount or else will be
charge 1.5% on the amount exceeded.
2. 3 days notice to make withdrawal. RMxxx will be charge per transaction.
Package A from Bank B
BLR -2.0% WHOLE TENURE ZEC
T&C:
1. Flexibility to dump-in money. Zerorise housing loan within bonding period without any penalty fee AS LONG AS the subject property are not refinance / discharge from the bank.
2. cheque book and ATM card provided to ease withdrawal. only RMxx will be charge annually to maintain current account.
Between the above 2 package of housing loan offer by 2 different banks, which package do you think Mr. X will take up??
if i was mr XI'll give some example here...
Mr. X wanna buy a house worth RM500k.
He have RM250k cash.
He want to take a loan of 90% margin.
Preferable flexibility.
Package A from Bank A
BLR -2.3% WHOLE TENURE ZEC
T&C:
1. allow pre-payment not exceed 50% of loan amount or else will be
charge 1.5% on the amount exceeded.
2. 3 days notice to make withdrawal. RMxxx will be charge per transaction.
Package A from Bank B
BLR -2.0% WHOLE TENURE ZEC
T&C:
1. Flexibility to dump-in money. Zerorise housing loan within bonding period without any penalty fee AS LONG AS the subject property are not refinance / discharge from the bank.
2. cheque book and ATM card provided to ease withdrawal. only RMxx will be charge annually to maintain current account.
Between the above 2 package of housing loan offer by 2 different banks, which package do you think Mr. X will take up??
i'd take bank A
any dumping, i'd dump into ASB or anything that provides me better rate than BLR - 2.3
but that's just me.
i have the luxury of ASB.
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