Re: Most competitive mortgage provider/bank
bro, think current pbank not giving gd loan rate lei..
bro, think current pbank not giving gd loan rate lei..
-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Banking & Finance (includes credit cards posting)
- Thread starter rhino
- Start date
Some questions:
1) Which is a good bank to open savings or current account? Highest interest rates?
2) Which banks are open on Sunday?
3) Is OCBC only open on Sunday at Molek? Is that place easy to find?
Thanks!
1) Which is a good bank to open savings or current account? Highest interest rates?
2) Which banks are open on Sunday?
3) Is OCBC only open on Sunday at Molek? Is that place easy to find?
Thanks!
Hi Wolverine,
I was asking some of the same questions myself.
currently this what I have... I am sure other bros and sis know more...
1. Malaysia Banks give higher interest rates than Singapore.
Their FD can go upto 3+% but if you really want your money to work for you
banks like Hong Leong and Public bank have a current account that will earn your the same interest as their housing loan to you.
That means you get the housing loan from them. e.g RM700,000 but you place $200,000 in their current account.
You will only be charged interest for RM500,000 which means you will pay off your loan a few years faster.
You can use the RM200,00 anytime you want as it is a current account with cheque book.
Some banks like OCBC allow you to pay more and deposit the extra money into the account.
Again this offsets the interest you need to pay and you can also withdraw the extra money when you need it. but min RM5000 per withdrawal.
So not as flexible as HL and PB.
2. MayBank has a branch in Bukit Indah Aeon that offers Sunday banking.
Hope this helps
Last edited:
Re: Most competitive mortgage provider/bank
Is RHB still the best rate?
Can also pm me the contact thanks..
Is RHB still the best rate?
Can also pm me the contact thanks..
Thanks!
In the end I went to OCBC at Taman Molek. OCBC interest rates are better.....
In the end I went to OCBC at Taman Molek. OCBC interest rates are better.....
Hi Wolverine,
I was asking some of the same questions myself.
currently this what I have... I am sure other bros and sis know more...
1. Malaysia Banks give higher interest rates than Singapore.
Their FD can go upto 3+% but if you really want your money to work for you
banks like Hong Leong and Public bank have a current account that will earn your the same interest as their housing loan to you.
That means you get the housing loan from them. e.g RM700,000 but you place $200,000 in their current account.
You will only be charged interest for RM500,000 which means you will pay off your loan a few years faster.
You can use the RM200,00 anytime you want as it is a current account with cheque book.
Some banks like OCBC allow you to pay more and deposit the extra money into the account.
Again this offsets the interest you need to pay and you can also withdraw the extra money when you need it. but min RM5000 per withdrawal.
So not as flexible as HL and PB.
2. MayBank has a branch in Bukit Indah Aeon that offers Sunday banking.
Hope this helps
Re: Most competitive mortgage provider/bank
Hi! I have PM'ed you. I have not compared the rates so you might need to search around for better rates. I'm already using RHB and it is near my JB house, so it is rather convenient for me. Cheers.
Hi! I have PM'ed you. I have not compared the rates so you might need to search around for better rates. I'm already using RHB and it is near my JB house, so it is rather convenient for me. Cheers.
Re: Most competitive mortgage provider/bank
Got offered by Hong Leong Islamic loan at -2.4 BLR from 6.6. No tie in period n early redemption penalty. All other terms r same as conventional loan. Sounds like a better package than conventional loan w 3 year tie in n early redemption penalty. Anyone w experience on Islamic loan?
Got offered by Hong Leong Islamic loan at -2.4 BLR from 6.6. No tie in period n early redemption penalty. All other terms r same as conventional loan. Sounds like a better package than conventional loan w 3 year tie in n early redemption penalty. Anyone w experience on Islamic loan?
Those interested to read more on Islamic loan can click here: http://www.bankinginfo.com.my/_system/media/downloadables/house_financing.pdf
Re: Most competitive mortgage provider/bank
Maybank quote me -2.4 to -2.45 from 6.6 depending on loan amount. He say tied in 3 years but can pay until left 1 dollar. Just that the MRTA and the home insurance is compulsory. So far I only apply may bank cos there is this Sunday banking at bukit indah. I been there and very convenient.
Maybank quote me -2.4 to -2.45 from 6.6 depending on loan amount. He say tied in 3 years but can pay until left 1 dollar. Just that the MRTA and the home insurance is compulsory. So far I only apply may bank cos there is this Sunday banking at bukit indah. I been there and very convenient.
Re: Most competitive mortgage provider/bank
It means during construction phase of building, you pay only the interest and no principal, aka interest only loan.
It means during construction phase of building, you pay only the interest and no principal, aka interest only loan.
Re: Most competitive mortgage provider/bank
Isn't that defined in pg 20 of the Islamic financing pdf u shared?
Thanks for the share. good info
Isn't that defined in pg 20 of the Islamic financing pdf u shared?
Thanks for the share. good info
Last edited:
For flexi loan, is it better to start instalment repayment during construction period or wait till completion to start?
For flexi loan, is it better to start instalment repayment during construction period or wait till completion to start?
for my bank , i can only start the installment payment when the bank has disburse 50% ,there is some costs savings on interest if u start early ...
