Can .. but u need a land for that.. either u already own 1 ... or u have to buy 1 ...
As for the margin of finance for the construction it depends .......
Your contractor might charge you RM1million but valuer of the bank might says it is only worth 800k..

bro...
can share what are the hidden charges and TnC for Maybank loan? with such a good rate, i think sure a lot of clauses...like cannot pay off 50% of your loan within 5 yrs...this is one of 'em which i remember...

It's a Non ZEC home loan BLR-2.3%
- can put extra money into the account to reduce interest, cant withdraw
- lock in period start from date of full disbursement, 4 years(but the houses is going to be completed soon in a mth or two, no big deal)
- no hidden charges so far (but I gotta pay the legal fees RM3000+, non ZEC)
basically it is a good deal by maybank

i heard HSBC is offering flexi loan (BLR-1.95%)
lock in period 6 years
It is like current account
can completely settle the loan early during lock in period but must maintain the account with monthly charges minimum RM10/mth till 6 years

for HSBC it's 5yrs for that rate...i just ask about one week back i think..unless the rate just change again this week to 6yrs lock in period...

i'm very doubtful how 'flexi' is those flexi account like. The only flexi account i would probably recommend is nova scotia

the mechanism is the same everywhere

u have a current account... put in money or take out anytime u like

i got mine UOB BLR -1.8%..what can i do to revise to 2.0 or higher?Anyway to help?

eh...that scotia bank...actually is it reputable?
in penang only saw one branch... at i-avenue... dunno can tutup kedai anytime or not
hehe

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Added on August 8, 2008, 11:31 pmanyone tried the standard Chartered KLIBOR home loan?


This post has been edited by kevyeoh: Aug 8 2008, 11:31 PM

nova scotia always promote their flexi loan in newspaper, should be good lah
citibank have not many branches but still do well in msia

KLIBOR = is kuala lumpur inter bank offered rate
now is 3.70
aca
1st 5yr klibor + 1.5%
thaftr klibor + 1%

do note that that KLIBOR is Changing rate every quarter

guys,

is there a different between

a) interest calculated on a daily basis with monthly rest


b) interest calculated on a daily rest

hi guys and girls here...
can i know something....currently which bank offer the best deal for home loan...say the loan amound is some where in 300k....
reali in dillema here...dunno which to take...

chelseafanz ,
depends on which package u prefer. ZEC/NZEC? Flexi/Non-Flexi?
Try CIMB, Alliance, OCBC
U can also consider Public Bank, Standard Chartered, UOB.

actuali cant different wat is ZEC/NZEC Flexi/non-flexi
wat is the different...can someone explain to me?

Yes, daily interest means that the interests are calculated on a daily basis.

Any banks can give u interests rate like -2%,-2.1% -2.2%, -2.3%. But are your profile and property good enough to get the deal?
And the lower interests rates come with catches... bank are a BUSINESS, they won't do deals where they earn nothing. Either they get earn from interests or they choose to be shady and earn from hidden charges

Uh huh.. and why these few banks? Any specific reasons?

ZEC/ZMC = Zero Entry Cost or Zero Moving Cost. Which practically means that you don't have to pay ANYTHING for the loan. (Legal fees, processing fees, valuation fee etc etc). BUT take note some banks' ZEC/ZMC are really that ZERO ...

Flexi/Non Flexi is actually the 'package' type. Flexi loan refers to packages where you actually get 2 account, the loan account and a current account. Any money in the current account will help to lowers the interests incurred on your loan account. In general 'flexi package' works these way. But every bank have their own mechanism which might work a little differently.

Non flexi = the conventional loan.... pinjam and bayar sampai habis hutang.

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Today spoke to the Maybank agent

He only tell me that I cannot pay more than 6 months installments in lump sum, or there will be a penalty of 1% on what you pay

just saw the ad in newspaper
maybank are giving home loan to I&P project purchaser
ZEC BLR-2.1%
Non ZEC BLR-2.25%
Good rate!