Malaysia Real Estate

[zoomzz]

hi all,

i'm currently settling my housing loan left only 1 year (out of 5 lock-in years) bcoz i'm selling my unit.
i will take up a new loan with the same bank but they offer me only 20% reduction which is crazy. for other banks even before nego, i have seen 50% reduction.

my penalty also abnormally high because they charge 3% on outstanding PLUS a fixed amount of rm8k. normal practice is only 3%. i took the loan in 2007

i heard from a property agent that it is possible to write a letter to bank negara and complain about the penalty and hopefully the bank will reduce the penalty. he said it's quite common and he has done b4.

any ideas about this and how to make it happen?

i'm aware of the standard 3% penalty and it is up to the bank discretion but i have additional fixed rm8k which is 'non-standard'

[smsam2]

Mind telling us which bank is this?

I have never encountered a loan where there is a fixed penalty amount on top of the 3% penalty. May be it is either or, whichever is highest?

[wyntm]

Refinanced my property recently with the same bank i.e. Ambank and there was a RM8K charge but got it waived down to RM2k+.