OCBC for BLR -2.35 w/o MRTA, no ZEC???

I only get offer from OCBC BLR-2.3 only. w/o MRTA, Non-ZEC, advance payment/capital prepayment, Home loan up to 90% for 30 years, Car park up to 90% for 10years. option:MRTA and Legal fees can put in the loan.

Which branch u get the offer from?
mine is from puchong, bandar puteri.

Yeah, I got the same offer as this too.

-2.35?! That's something new...

I got OCBC -2.30 & finance with MRTA & Legal Fees as well. Tenure up to 36yrs. So most probably will proceed with OCBC o. Will arrange to sign S&P tis saturday. Anyone going to sign S&P tis weekend?

BLR-2.35% ??

you sure or not??.. i think the best they have managed to nego was blr-2.3% only..

recently bank offered is just like the way we buy vege. from pasar malam... buy tomato then free chili... hahah

anyway .. my piece of advice.. dun too focus of rate offered.. is just a figure game..

cheer!!!

ya. I agree with you. Banks' calculators are always bigger than ours. They won't rugi. haha.
Choose only the package that suit you. eg. convenience to do repayment, flexibilty to redraw, how long you want to keep the unit, how fast can you settle the loan, ....
don't follow the crowd!!!

ya.. same feeling.. that's why become very 'sian' waiting here and there to counter offer the rates. but, when i signed the offer letter last Friday, I feel RELEASE! In fact, the day when I've made my decision, I oledi felt it! haa... now waiting the processing of loan agreement.

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Added on March 31, 2009, 12:45 pmWow!! It is great to have longer and longer list! YEAH!!!

These 2 weeks was very very busy until not follow up with the news abt the Ramp and LRT stations. Guess only able to check with it after return from Taiwan. Anyway, frens, pls keep me posted ya. Arigato~~

This post has been edited by sk_lim_taurus: Mar 31 2009, 12:46 PM

Thousand Apologies All - typo on OCBC rate, it is -2.30 w/o MRTA & no ZEC. Is this a good rate? How many opting for this?

im waiting for the offer letter for this rate..
so far Rhb approved me with -2.1.. im still delaying their offer letter..
need to call PBB after this..

just a 0.05 diff and u have triggered a chain reaction from so many members..

hahaha, okok, yeah, just a small typo
after signing all the docs, feel quite relieved for now
just have to wait for the other docs to finish

lolz... yeah...

how many docs u sign for the loan part?
the lawyer said the loan has more docs to sign than SPA..

What do you guys think of the potential for the commercial shoplots in front? It's not cheap, from 1.9M.

i've only signed the bank's offer letter
the final loan doc prepared by the lawyer still not ready yet
most probably will take at least 2 more weeks
but yeah, tat will be much thicker and have to again initial all the pages, etc

I am going for this -2.30. Better than my other PBB, ZEC, -2.10. Will sign the loan agreement anyday this week.. Great to see the whole list of residents..haha...

Cheers

just in case u didn't know, the ocbc offer have new clause stating tat the bank can set a minimum of 3% interest no matter what the BLR is...
so let's say u're getting BLR -2.3% and BLR drop to 5%, u're supposed to get 2.7%, but the bank will still charge minimum of 3%
with the BLR expected to drop soon, it's just something to consider

note: i took this package

Noted with thanks, Yeoh..Will certainly look for this clause as well in the agreement.

This post has been edited by Maxsimax: Mar 31 2009, 10:34 PM

just sign the offer letter from OCBC..this coming saturday will go sales office to sign SNP. OCBC have the terms that the minimum is 3% as what is stated by Yeoh. but at least is better than some bank which is much higher. if we really get 3%, i think, we benefit much more...coz personal loan also not that cheap..haha

For a general understanding, this is known as Floor rate.

Floor Rate is the minimum rate the bank will charge you on your loan in the event the Base Lending Rate and Spread Rate goes way below their Cost of Fund.

example; if you are getting BLR -2.00%, and suddenly BLR drops to 2.00% (amen...). Having a 0% would have the bank march to bankruptcy...

So Floor Rate is to protect the bank itself from any unforeseen circumstance.

Opposing to the Floor Rate, is the Ceiling Rate which is the maximum interest rate chargeable on your loan.

This post has been edited by merce: Mar 31 2009, 10:59 PM

so how much is the ceiling rate charge by ocbc?