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

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

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?

easy to withdraw?

EASYYYYY .. just pay RM50 processing fee lo.. and if not wrong some bank limit you to 1 withdrawal per month so stuffs like that

on top of that Public Bank charge some RM10 disbursement fee every 6 months.... so.. for 30yrs loan.. that will be RM10 x 2 x 30 .... wow .. hidden charges

This post has been edited by ed0gawa: Jul 27 2008, 03:48 PM

first disbursement, which normally will be the MRTA



Erm... some stupid disbursement fee.
Cancellation of facility fee
Validity past but facility not used, any fees?
Early settlement fee
Any service charges
How extra prepayment are made. Any written notice needed etc...
Processing fee
Current account charges etc (cheque book blablabla)
LATE PAYMENT FEES , RM5 or RM10 for how many days... after certain days it will be based on the interest charged per day... if you wanna be a arse... ask the banker to calculate it for you

Ai.. can't remember any more charges or fee la.....
Only remember late payment, redraw and early settlement.. since that is what my bank usually charge only....

This post has been edited by ed0gawa: Jul 28 2008, 08:30 PM

Yes and no lo...
since we still need to topup the bank account. Mana tau biler lupa topup ... tarak duit dalam

Yo? Sure?
Hmm... reallllly?
Hmm....

Was told that someone got BLR -2.5% yo.. for a measly 600k property...

Go for those flexi/link package where you get a current account. You can dump in and take out anytime you want.

For those 'conventional' loan package, are they any banks that allow you to take out the extra prepayment ANYTIME? (i.e without notice and charges?)

excuse me... *ahem* Are you trying to imply that KLIBOR won't goes up if BLR goes up?

okie, but what was the BLR +/- rate that time vs KLIBOR +/- rate?
Seriously i have no idea.. but if it was BLR +0 vs Klibor + 5% ... no much difference?

Refinance your house lo if you current outstanding VS your house current market value is more than 50k .. or get a personal loan...

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..

the mechanism is the same everywhere

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

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.