May 26 2009, 02:24 PM
QUOTE(ROCKEY @ May 26 2009, 10:03 AM)
pbb lock down 5 years after last payment.
rhb 5 started from loan approval date. minus the construction period u still have around 2 years like tat b4 u can refinance to another bank. is short and i think if u have problem with the terms, u will just wait for 2 years for that.
pbb still have some terms and condition too. every bank does. from my opinion, under construction prepayment will help a lot on saving up ur paying interest. A thing to clarify, to all... there is no bank that don't allow u do pay your principle in construction period.If there is no statement in ur agreement shows that u cant allow to do prepayment on construction period. so maybe just read through or ask. If there is no state, there will not be a problem. because, the loan will follow everything on ur agreement you sign.
no banks will do rugi business. they just finding some way to earn more from you. do check on the withdrawal too... some bank "says" they let u have prepayment on construction period but dun allow withdrawal at construction period. Check the agreement, if is really so... well just pretend you doing your saving for 3 years la. after 3 years you can do withdrawal also.
SCB MortgageOne is flexi-pay, no conditions. Pay any amount any time, withdraw any pre-paid amount anytime. No need to inform / fill form. Lock-in from letter of offer date. Anyway, usually the interest rate during construction period is quite low, ie 0% or 1%. So, better keep in the FD to earn more.rhb 5 started from loan approval date. minus the construction period u still have around 2 years like tat b4 u can refinance to another bank. is short and i think if u have problem with the terms, u will just wait for 2 years for that.
pbb still have some terms and condition too. every bank does. from my opinion, under construction prepayment will help a lot on saving up ur paying interest. A thing to clarify, to all... there is no bank that don't allow u do pay your principle in construction period.If there is no statement in ur agreement shows that u cant allow to do prepayment on construction period. so maybe just read through or ask. If there is no state, there will not be a problem. because, the loan will follow everything on ur agreement you sign.
no banks will do rugi business. they just finding some way to earn more from you. do check on the withdrawal too... some bank "says" they let u have prepayment on construction period but dun allow withdrawal at construction period. Check the agreement, if is really so... well just pretend you doing your saving for 3 years la. after 3 years you can do withdrawal also.
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