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resident
Joined: 29 Nov 2006
Posts: 12
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 Posted: Sun Sep 28, 2008 9:22 pm Post subject: Question about Alliance home loan |
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Let's say I took a RM300,000 Savelink flexi-loan from Alliance Bank. Can I put in RM300,000 or even RM320,000 into the Savelink current account?
The reason I'm asking this is because a CIMB mortgage officer said I can't do that with CIMB's flexi-loan. I was advised not to put RM300k or more into the current account as the loan will be considered "paid" if I do that. She said the most I should put in is RM299,990.
Can someone from Alliance Bank clarify? |
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marvinteow
Joined: 26 Aug 2008
Posts: 23
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| Posted: Sun Sep 28, 2008 11:18 pm Post subject: Re: Question about Alliance home loan |
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| resident wrote: | Let's say I took a RM300,000 Savelink flexi-loan from Alliance Bank. Can I put in RM300,000 or even RM320,000 into the Savelink current account?
The reason I'm asking this is because a CIMB mortgage officer said I can't do that with CIMB's flexi-loan. I was advised not to put RM300k or more into the current account as the loan will be considered "paid" if I do that. She said the most I should put in is RM299,990.
Can someone from Alliance Bank clarify? |
Hi, I am from Alliance Bank, as you mentioned that you have this extra cash and you want to put inside into the savelink flexi loan account, and then monthly maintenance for RM 10, with also monthly installment (Principle amount payment), right? Yes, you can do so, but only for completed property.(As i know, any mistaken, please clarify),if you took for the under-con property. It may not possible to do so, due to the loan would not fully disburse until your house is fully completed. Then just possible to do so.
Anyway, why don't you try for Islamic I-wish Flexi Package, there have extra benefits as below:
1) No monthly maintenance fee for RM 10 (due to is Islamic package, it different from conventional package, Islamic package cannot charge on extra costs on buyer (customer) party).
2) The Al-Mudharabah account (Islamic savelink account) have given you yearly ESTIMATED 0.6% Dividend, based on how much cash you deposit.
For Example: you have put inside this RM 300,000. The year end marked will be based on the available amount multiplier by 0.6%. It become your dividend inside your Al-Mudharabah account
3) Ceiling rate only 9.90% (one of the lowest ceiling rate in Islamic Market). If any rising of BLR in future (which cannot be estimated), max will charge only 9.90%
There is much more about this package. Any inquiries, you can contact me at 017-3227782 or email marvinteow@gmail.com or CSQ102@alliancebg.com.my
Best Regards,
MARVIN TEOW
Alliance Bank Malaysia Berhad |
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erikko
Joined: 09 Jul 2008
Posts: 29
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| Posted: Mon Sep 29, 2008 2:40 pm Post subject: |
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Im also kinda confused how to obtain loans from Alliance Bank. Your statement shed some light there.
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