Re: Guide to your banking needs in Malaysia
UOB: BLR-2.3%, no mrta, lock-in 1year
Alliance: BLR-2.4%, no mrta, lock-in 3years
UOB: BLR-2.3%, no mrta, lock-in 1year
Alliance: BLR-2.4%, no mrta, lock-in 3years
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Banking & Finance (includes credit cards posting)
- Thread starter rhino
- Start date
Re: Guide to your banking needs in Malaysia
Mistake. MRTA included for RHB. No lock in. I noticecancellation fee of 1% of loan amount though. Does tt mean if i repay early i have to pay 1% penalty?
Mistake. MRTA included for RHB. No lock in. I noticecancellation fee of 1% of loan amount though. Does tt mean if i repay early i have to pay 1% penalty?
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Re: Guide to your banking needs in Malaysia
hi Nickyu, please pm me your banker's contact. hopefully can make appointment with him.
thank you.
hi Nickyu, please pm me your banker's contact. hopefully can make appointment with him.
thank you.
received it..many thanks!
Re: Guide to your banking needs in Malaysia
-2.5 is very attractive.
Do you mind sharing the banker's contact??
-2.5 is very attractive.
Do you mind sharing the banker's contact??
Re: Guide to your banking needs in Malaysia
Hi, just like to share..
About a month back, I contacted my banker from RHB wrt in-principle loan for my 2nd property. I was told that RHB is now offering BLR -2.5, compulsory MRTA and 3 years lock-in period. The tenor of loan is now extended to 70 years old (age of borrower).
Their current offer is much attractive than the loan that I took up with them.
Hi, just like to share..
About a month back, I contacted my banker from RHB wrt in-principle loan for my 2nd property. I was told that RHB is now offering BLR -2.5, compulsory MRTA and 3 years lock-in period. The tenor of loan is now extended to 70 years old (age of borrower).
Their current offer is much attractive than the loan that I took up with them.
Re: Guide to your banking needs in Malaysia
I just PM you. I just signed the loan agreement. I cannot find the clause stating 3 years lock in, so I assume it is not there. It shares the same lawyer as KSL lawyer for the BH project, that's why I find it very convenient too.
I just PM you. I just signed the loan agreement. I cannot find the clause stating 3 years lock in, so I assume it is not there. It shares the same lawyer as KSL lawyer for the BH project, that's why I find it very convenient too.
Re: Guide to your banking needs in Malaysia
Compulsory is good for my case, because I haven't figured out how to get one and don't have the time to tie everything together.
Compulsory is good for my case, because I haven't figured out how to get one and don't have the time to tie everything together.
Guess they have tightened their measures on home loan
Thanks FHBH12, I got your PM.
May I know lets say I have DIBS by my developer and construction period is 3 years.
If there is 3 years lockin, does the lockin period starts after TOP or starts immediately?
If lockin period starts after TOP. If I want to sell my property within the lockin period, it means I have to pay interest even if I can repay all my loan right?
May I know lets say I have DIBS by my developer and construction period is 3 years.
If there is 3 years lockin, does the lockin period starts after TOP or starts immediately?
If lockin period starts after TOP. If I want to sell my property within the lockin period, it means I have to pay interest even if I can repay all my loan right?
In JB the banks have an odd system. I was told that I need to pay interest on the loan amount even if it were not drawn equivalent to day-light robbery Perhaps this is only for my case for the first month only since it will TOP *very* soon. The lock in should start from first disbursement for Singapore banks, but not sure about Malaysian banks. You also need to open a savings account with the bank and have the loan account link to it. Then you can TT directly into this account and the bank deducts the loan installment from it every month. You can probably call the bank officer to ask. Cheers.
In my CIMB flexi loan agreement and product disclosure sheet, (got it end Jun 2012) it is stated clearly that 3 yr lockin starts from date of first disbursement and that during construction only need to pay interest for the amount disbursed with normal monthly installment commencement upon full drawdown.
Best to read and understand your loan agreement and clarify with bank officer.
It is tied in with MRTA and legal fee. I figure that most likely the interest is for these components rather than the disbursement to the developer, which is about 1 month later. I hope to clear this loan asap, because it is 4.1% which is very high in Singapore's context.
My loan is with UOB. Normal monthly installment can commence when 50% of the loan has been disbursed. UOB also has this credit card which offered rebate every month. It is 5% on petrol and 2% at major super mart.
I have PMed you another of her contacts again. She is busy recently running between Singapore and JB for property events. I just met her this Wed at my office to sign the contract. Wish you success.
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