Malaysia Real Estate

marvinteow · Joined: 26 Aug 2008 Posts: 23

Just meet my friend in msn, said oledi buy the house, and looking for apply loan 90 percent, currently UOB and OCBC given the offer, both offer I already know, but some how rather, he say need to discuss with MUM (still like dependable child, shy), and in her mum eye, will only take foreign bank, coz in her mind will stated LOCAL BANK not good.

But please, it cannot direct comment like that, not all the foreign bank will be very good also, all depend how you deal with the officer as well. Besides, I am not so remember whether UOB already in member of commitee on MEPS or not, due to my friend for sure will use standing instruction to make payment, and he dont want to do any INTERBANK GIRO payment (per transaction is RM 2) as well, while OCBC should not be face any problems lar, just that they calculate their credit criteria is based on customer NET SALARY to calculate (if any mistaken, please clarify).

But in terms of to get faster loan process and approval, cheaper rates and also T&C (which is most people will not see very clearly since those words and meaning of every paragraph so TINY.) are very important, due to do not want to breach any mistakes in future.

So, for all members, inside your heart, I am sure you all dont want to be hide by those hidden issue , especially those misc charges and fees, right?

If you say all local bank not good, then how come those other local bank still can survive until now and even expand much faster?

Confused

NewKENZO · Joined: 01 Jun 2006 Posts: 168 Location: Subang

hmm, for my experience, i think it is base on case to case basis.

we cant judge a bank is bad base on 1 customer, 1 case or 1 banker.

its much depends on how much your customer needs a local bank or foreign bank. banks will not change policy because of customer, so bank is win win situation.
_________________
Kenzo
Mortgage Consultant

Enchanted · Joined: 30 Apr 2008 Posts: 14

ekliaw · Joined: 31 Jul 2008 Posts: 8

I will share my friend story...

My friend applied to one of a local bank 3 years ago in early of 2005. Time had passed and passed for 2 months later, he call up the bank by his ownself and guess what??? "Mr XXX, your loan oledi rejected by our bank ma, you dunno meh?" Then he went to apply for another local bank again (lower rate ma, he answer me), and yes, this one better than before, just took 2 weeks for loan approval. After he signed up everything and thinking of the bank will do the following jobs consistantly... he wrong again!!! At the last the bank delayed his loan drawdown to the developer and guess what again??? He need to pay 4,000++ for interest charged by developer because of the bank's drawdown delayed.

Very fantastic?!?

More interesting scenario is coming, he patiently called up his banker and quiery on that issue, and the banker said "yes i will check on it and follow up, don't worry!" And yes you are right, time passed by another 2 months later but the problem haven't get solved. At that moment his interest charged had hike to 7,000++!!! He walked in to the bank and asked the manager for solution, the answer was "this is not bank concern, this is your property with your developer matter. You should go to talk to your developer."

So at the end, he had to pay for the interest charged due to bank loan delayed drawdown. althou later developer had gave some discount to him, its still unfair to a consumer as him.

andrewcwkong · Joined: 08 Apr 2008 Posts: 41 Location: Klang Valley

It is really an eye opener to hear all these stories. I bet there are even more people out there who is getting bad services and had quite a similar experience.

martopo · Joined: 26 Jun 2007 Posts: 18

So far only bank customer had bad experience. What about AIA & ING ? Any good or bad stories to share ?

shita · Joined: 06 Apr 2008 Posts: 22

I had apply EON housing loan (250k) through one office in EON. I had put up all the efforts an documents needed just to ensure that my application will be process smoothly. However, since beginning this office had troubled me by filling up the wrong form. Thus I need to go back to the branch just for the sake of signing on it. Which it has delayed my application for a few days. And from that day until now, this officer never inform me of any updates, whilst never answer my call to her personal phone.

after 3 weeks of application, where i had been promised that it will be processed. I get shocked when the other officer from EON call center inform me that there is no information about my application. I had call the branch itself and getting same answer that my application not be found anywhere. And i had put my notes to the officer to contact me back but there is no answer until now. And I might not entitled for the developer 12 months no interest payment promotion as it will end until 30.06.08 just because of this lazy officer.

ed0gawa · Joined: 18 Jun 2008 Posts: 33

ys126 · Joined: 23 May 2007 Posts: 215

actually i think we should compare on the banker. not the bank. Some local bank's officer is good. some foreign bank's officer is sucks. So make sure the officer you find is good enough. Wink

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Have a nice day!!!!!
hp: 012-9359477
email: tan.yewsiong@uob.com.my

yykalex · Joined: 14 Mar 2008 Posts: 149

i personally think that the comments on this topic have out of topic already. what this topic regarding is "local bank package vs foreign bank package"... is the bank package comparing, not the service... not the bank staff.

i also agree to most members mentioned here that the most important thing is the bankers itself servicing the customer. i believe most of the senior and experience bank officers are providing a good service and following up process and maintaining a good customer relationship.

BTW, is good that those having bad experiences to share their comments here, its really an eye open to me.

derrickc · Joined: 04 Sep 2008 Posts: 52 Location: PJ

Hi, i agree on yykalex, for a customer to take a loan. is not only about housing but also on car loan... it should be consider on location, and the service how far it suit for you. as for banker, (i'm also banker) i believe banker wont stay over a bank for too long unless they really wan to work for it but you loan is tied with you also borrower for more than 10 years. so is better to think where is the alternative source of ppl can assist you in future. that's why how the documentation of the loan to be done must be understand, at least you all can check or refer back...

Derrick
Public Bank