Malaysia Real Estate

[mandyliong80]

hi there.. i was also looking for housing loan. throughout the whole searching process, i learn some about the loan.

1) Conventional vs Islamic Loan
- conventional loan is based on BLR where the interest will very much depends on the increase and decrease of the interest rates as per announce by Central Bank.
- islamic loan have 2 options i.e. fixed and flexible. Some banks offer fixed rates which means you are bound to the rate for the whole tenure. However, there are banks which offered flexible rates which based on BFR. It works the same as BLR only that it has ceiling rates (not sure if conventional bank have this). For example, Bank A's ceiling rates is 9.75%. So if the BFR is higher than 9.75%, the bank will only charge at 9.75%.

2) Zero Entry Cost
- some banks have this package which means the legal fee are bear by the banks. in other words, you do not need to pay legal fee to the bank which can go as low as RM3k depending on the house purchase price.

3) MRTA
- this is some kind of insurance for the loan itself. Should something happen to the borrower, their next-of-kin does not have to continue.

My advise to knock on each bank's door and ask them the packages that they have. Ask them also to calculate for you, the installment that you need to pay. They will calculate for you at no charge. If you have no time to go, give them a call. They be happy to help you. That's what I did and i have found the package that suit me best. I think i knock on at least 10 banks and call 10 more.

Good Luck..

[ekliaw]

Go for flexi loan...Cos flexi load are more flexi expecially frm foreign bank.U can pay more in ur installment whc the extrapayment u make, u reduce the principal n interest together...Means the more u pay the faster u finish ur loan. The extra money u pay u can withdraw anytime as ur emergency fund.....Try HSBC......

[edmund_lbs]

may i know, after this promotion rate, wat is the rate offer? will it be better?

[mandyliong80]

i wan to know, still under construction property can do re-finance ?

[yykalex]

[mandyliong80]

dear yykalex,

normally what is the charges for it?

my condo is 338,000 purchase price, if doing so, roughly per month can save how much and what is the charges i need to pay for it?

tq for your feedbacks.

[abyss]

Hi,

If based on 90% from purchase price (338k) loan amt will be RM 304,200. For alliance bank is offering good rate at B-2.30 (yr 1-2) B-2.05(Thereafter). Thus the monthly installment would b RM 1532 (for 1st 2yrs) RM 1575 (for there after).

If you r interested please do email me at clknat91@gmail.com

Thank you.

Regards,
Abyss

[marvinteow]

[mandyliong80]

[city_bug]

wat is the interest rate like for loan amt of ard rm1.5m for condo purchase?

[yykalex]

[yykalex]

[yykalex]

Dear all value customers,

kindly to inform you that this REFINANCE promotion package is going to expire by end of this month-September.

Should you keen in this package please feel free to contact me for last call.

For urgent case, please mark as urgent if you are send thru email.
I'll come to collect your documents for urgent case.

TQVM,

Regards,

Alex
012-956 6675

[sannyzone]

hi

I am Mortgage Broker here. Yes, the package Financing Entry Cost and Non Zero Moving Cost.

Financing Entry Cost is mean the legal fees is borne by you/borrower, however can loan togther with property loan. Let say your loan amount is RM100k, legals fees is RM1,200. So total loan amount is RM101200.00.

For Zero and Non Zero Cost package , if you able calculate is almost same, is see how you adjust the payment.

Mostly the Non Zero cost package more attractive than Zero cost.

Any inquiry jz email at sanny@skybees.com.my

Sanny SIn

[Jerome Neil]

Variable rate home loan package is an ideal and smart financial solution, to lower down loan interest charged as it is possible to pay off the principal (loan amount) earlier than the contract (loan tenure).

However, this will only happens, provided that all of or some of these financial conditions are met

1. There is a fairly amount of monthly excess saving, which is at least equal to, or higher than the highest possible monthly loan repayment.
2. There is a rather stable and secure monthly income.
3. There are likely no major incidents happen in near future, that seem possible to affect badly personal financial status.
4. There are fairly chances of getting extra income such as side income from a part time business or year end bonus.

If the above conditions do not seem to be comfortable, then fixed rate home loan is the answer. Get the fixed rate home loan calculator from the link below, to work out a loan tenure with comfortable fixed monthly loan repayment.
_________________
real estate thane

[yykalex]

Dear all value customers,

Thank you for all of your supports toward HSBC and this topic.
Never expect it can survive untill today.

I have came across many loan requests via email which i read it every morning, unfortunately for urgent case might not be able to reply as soon.

For urgent loan case, kindly drop me a message at 012-956 6675 and i'll reply your urgent case immediately.

Once again, Thank you for support.


Regards,

Alex
012-956 6675

[sempalit]

Alex, any new promotion rate coming from HSBC?

[evitme]

Anybody know about loan to purchase a vacant bungalow lot? What are the rates and terms like, coz I heard it's not the same as completed or under-con house loan. Thank you in advance.

[yykalex]