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nglk · Joined: 08 Dec 2006 Posts: 4

I am looking for house loan, anyone have any suggestion?

I heard that Public Bank, StandardChartered & AmBank's house loan packages are not bad.

Loan amount: MYR200,000
Duration: 30 years

Can anyone please give me some advice?

lee · Joined: 19 Sep 2006 Posts: 103

Have you consider about American International Assurance Company (AIA) fixed-rate housing loan package? It is with the fixed BLR at 6.15% per annum.

Details:
http://www.aia.com.my/ or http://www.aia.com.my/prod_mortgage.htm

nickray · Joined: 08 Dec 2006 Posts: 3

Standard Chartered's MortgageOne is not bad.

1st Year: 3%
2nd Year: BLR-0.5%
3rd Year: BLR-0.5%
4th Year: BLR-0%
5th Year: BLR-0%
6th Year: BLR-0%
7th Year: BLR-0.5%
8th Year: BLR-0.5%
9th Year and later: BLR-1%

I am now in the 2nd year, so far so good. But their requirements are quite high... (1) Monthly family gross income need to more than RM5,000 (2) Must have some money in the Standard Chartered's account. (3) Employment background...

gd luck with your loan Cool

john · Joined: 24 Sep 2006 Posts: 6

My house loan from Alliance bank but I prefer Public Bank's package, so I will re-finance to Public Bank after next 4 years.

amandaaz · Joined: 07 Apr 2009 Posts: 2

What are the ins and outs of getting a construction loan to build a home?
My husband and I are 1st time homebuyers. We have been preapproved for a house loan, but are not having luck finding what we want. We have toyed with the idea of building our own. What are the differences between getting a preapproved loan and buying a already built house and going through getting a construction loan? Do you have to put money up front for a construction loan? Do you make mortgage payments while the house is being built, or do you wait until the house is completed? Is there a time frame that the house must be built within? If we were preapproved for a certain amount with a homebuyers loan, would we likely be preapproved for the same amount for a construction loan? What other differences should I know about? Since we are first time homebuyers we do not have much collateral (we do have some savings, but not a ton), would that affect our ability to get a construction loan?
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