Loan offers

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Post Posted on Wed Sep 30, 2009 6:55 pm

Any got their loan sorted out? Let's compare and see which bank offers the best.

I've just got approval from OCBC, and here are the rates: -

(a) 0% pa on daily rests for the first one (1) year from the date of the first drawdown OR until 30-Sep-2010, whichever is the earlier ("the First Year"); and
(b) BLR - 2.3% pa on daily rests for the next (2) years; and
(c) BLR - 2.2% pa on daily rests for the next (2) years; and
(d) thereafter at BLR - 2.4% pa on daily rests until fully settled ("the Subsequent Years")
Kit
 
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Post Posted on Sun Oct 04, 2009 3:02 pm

I think MBB's offer is better with following :

- 0% interest on daily rest for the flat ast 12 months
- BLR-2.35% flat on daily rest until full settlement of the loan

Lock in period is 5 yrs from1st drawdown and loan cancellation penalty is 3of loan amount.
% loan over property price : 90% ( i think it cud be 80% for OCBC).
Jet
 
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Post Posted on Mon Oct 05, 2009 11:16 am

Is this the interest absorption scheme?

Anyone managed to get a different rate from what is offered? Coz it seems like they are not willing to negotiate if we are to opt for the interestt scheme.
Kit
 
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Post Posted on Mon Oct 05, 2009 2:41 pm

Apparently not. When the salesperson from MBB found out that I have also engaged a mortgage agent, she immediately told me that she can fight for better deal. Before that, they were quite firm with this offer.
TheSee1202
 
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Post Posted on Wed Oct 07, 2009 8:30 pm

The MBB scheme mentioned above is interest free during construction before VP. Wud like to know anyone getting better deal.
Jet
 
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Post Posted on Thu Oct 08, 2009 12:00 am

I've got from CIMB, 0% first year, and then -2.3 for the rest of the tenure. Lock in SEVEN :shock: :shock: years from first drawdown, but this is a flexi loan.

RM200 to set up account, and monthly maintenance of RM10.
Kit
 
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Post Posted on Thu Oct 08, 2009 12:03 am

TheSee1202 wrote:Apparently not. When the salesperson from MBB found out that I have also engaged a mortgage agent, she immediately told me that she can fight for better deal. Before that, they were quite firm with this offer.

Care to share what deals you have managed to obtain? :P
Kit
 
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Post Posted on Thu Oct 08, 2009 8:16 pm

The offer is the same as what Jet has mentioned above under the interest absorption program. That's the best they can offer.
TheSee1202
 
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