Which bank has the best rate for loan about 90k?
Please intro me some bank which is famous for low rate, so I can compare each of them

thanks

you can try public bank. was offered -1.8% blr for rm162k loan; for 30years.

citibank: -1.7%
HSBC: -1.6%

the above rate was back to few months ago, might change for now. fyi, higher loan amount could give you better rate.

maybe try HongLeong, CIMB, Public bank, Aliance

is this applicable to completed properties?

i'm wanna ask about the rates for bank loan for completed properties....
u won't get rates such as 0% first year anymore for completed prop right?

no....for completed properties they start from

a) 1-2% and gradually increases or
b) BLR - X% for Y amount of years
c) fixed rate (eg. AIA home loan)

Indeed but just want to add in some infor

a) gradually increases normally overseas bank, local bank normally flat
b) indeed
d) 90k sorry all insurance company is not going to accept it (loan too small)

i'm considering getting AIA home loan...but what should i be aware of? From my first reading of some info from AIA website, seems like we definitely need to buy the MRTA from AIA if you wanna get the home loan... unless u got buy life insurance policy...

also, forfixed interest rate, are we able to pay more monthly if we can afford, thus reducing the principal loan amount?

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Added on July 14, 2008, 10:31 amalso, can anyone let me know 2-3 banks which is offering good rates for completed properties?

thanks

This post has been edited by kevyeoh: Jul 14 2008, 10:31 AM

Standard Chartered Bank

Non Zec

90k loan

BLR-2% throughout (Flexi loan)

BLR-2.15% thorughout (term loan)

interested call me @ 012-2781125 (Tham)

WOW ... sure or not 90k loan can get -2% all the way?

Actually can. The bank loan market is very competitive now. I just got my bank loan at BLR-2.3% 220k

May i know which bank ?

Your is 230k, can't be compared with 90k loan

can...

got a forumer just took loan from me.. his name is P.S

RM80k non zec BLR-2% throughout

interested call me @ 012-2781125

how long the lock in period?

every bank standard .... 5 years 3% but my customer show me maybank offer letter= 5 years 4.5%

a lot of local banks are still offering blr - 2%. if the blr goes up, these banks are going to need bank negara bailouts.

kevyeoh, i currently have an aia loan. you MUST have mrta or some other sort of insurance, which is to be assigned toward repayment of the house if anything happens to you. also, early repayment is allowed, but you cannot after that withdraw that money. and, if i am not mistaken, the lock-in only applies for refinance. if you sell, no penalty!

"a lot of local banks are still offering blr - 2%. if the blr goes up, these banks are going to need bank negara bailouts."

Bank won't die if BLR goes up, only those house buyers with bank loan will suffer, unless you take fix interest rate. The bank are not stupid. They have clauses in the loan contract saying that they can revise the interest at any time if the BLR < 2%

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Added on July 16, 2008, 11:56 amMaybank - depends on the package they offer on various housing projects
I saw one with 1st year 2.88% then BLR-2.3% throughout whole tenure. Very attractive

This post has been edited by muscaa: Jul 16 2008, 11:56 AM

Dear,
5 years from? Letter offer? First Disbursement or Full Disbursement?
For properties with 10% construction, first disbursement and full disbursement time frame could be up to 20 months.
So if it is 5 yrs from full disbursement, in other words... it is 6-7yrs lock in right?

Standard chartered bank is start from the date of Letter Offer...As i know others bank almost is start from 1st dibursement... but maybank is start from full dibursement

Maybank give me lock in period 4 years from full disbursement. But I'm buying a property which is almost 95% completed. So not much of difference.