hey all, need your experts help/advice on which bank having the best rate/loan package for buying a completed properties?

I understand that there are few type of loan, some with current account means you can put more money into then it will reduced interest while others are fixed term loan. So what's the different?

Thanx everyone for your reply. Really appreciated. I was approached by 2 bankers (better not to mention which bank) and the offers is as follows:

Bank 1
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Flexi loan
Interest : BLR - 1.7%


Bank 2
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So called term and flexi combained (because he said can put in extra money to reduce principal and also to take out the "extra" you put in when you need it - Not sure how true is this)
Interest : BLR - 2.2%


Personally, I would prefer flexi-loan because I can put more money when I have to reduce the sum and take out if I need it.

I was little skeptical abt Bank 2 offer, how could it be so attractive? I even asked if there is any extra charges, special catches, etc and was told there isn't. Anyone heard of this?

So if I would to loan $200k, which one will it be better? Anyone has any sort of home loan calculator or something that I can do projection?

Thanx onnying88 for your reply. Wat does it mean by Zero Cost / Non Zero cost? Im not too sure abt it.

The lock in period for Bank 1 is 5 years, not sure abt Bank 2 yet.

So what would you recommend?

Hi thanx, Both bank also free legal fees. so I also dunno which one is better, worry that bank 2 has some hidden t&C hmmm