Ada apa dengan "Housing loan"?

Yes, ada apa dgn “Housing loan”?
Well basically, if banks do not offer any housing loan, we probably will not ever dream to own our house.
Then again, thanks to this legal “Ah long”, the dream may come true just yet.
Bank pun mau cari makan ma.Else sama2 tak boleh makan hehe.
And I believe 98% of Malaysians do not pay cash when they purchase their property!So that's when the bank gets in.

Anyway, let’s focus in the housing loan. Basically below are the “things” that we look into financier. If more or less the criteria below is met, then we will definitely go for that loan offered.

1. DIRECT OFFSET OUTSTANDING WITH EXTRA PAYMENT.FLEXI SCHEME.

2. ZERO ENTRY COST

3. WITH OPTIONAL AND FLEXIBLE MRTA(WHICH WE CAN SPECIFY THE PERIOD OF INSURANCE COVERAGE.PERHAPS NOT FOR THE WHOLE TENURE SINCE I MIGHT SETTLE EARLIER.THAT’S THE MAIN REASON PUN WE WANNA CHOOSE FLEXI SCHEME)

4. NO PAYMENT DURING CONSTRUCTION AND ONLY START TO PAY AFTER PROJECT COMPLETED.

5. THERE'S CEILING FOR INTEREST RATE CHARGES(SINCE THE INTEREST RATE THAT WILL BE CHARGED IS BASED ON BLR(SBB NAK AMIK FLEXI SGT KAN SO KENA BASED ON BLR LE WHICH WILL FLUCTUATE LIKE NOBODY BUSINESS))

6. DAILY REST BASED CALCULATION(GOOD IF I WANT TO MAKE EARLY SETTLEMENT)

7. THE LOAN IS LINKED TO CURRENT ACCOUNT AND ABLE TO DEPOSIT AND WITHDRAW ANYTIME AND ANY AMOUNT.INI DINAMAKAN WITHDRAWAL FACILITY WHICH SOME BANK MIGHT BE CHARGING EXTRA FOR THAT SERVICES.

So here you go, the requirement list from my side and I know I don’t think any bank can come out with that package hehe.
Mesti ada plus minus kan?You can’t get everything.
But we will choose which is the closest to our preference.

Standard chartered offered the best rate tapi malangnya they don’t do financing for Semenyih, Kajang and Bangi area. Aku tatau le betul ke idak but this what the Standard Chartered staff told me.So if they tipu, aku pun tipu korang.

The next best rate and package is Hong Leong.Still waiting for their approval.Other than that so-so je.

Bank yg aku tak apply is BSN(sbb BSN hilangkan geran rumah parents aku and until now tak dapat2 geran lagi though my parents have made full settlement bulan FEB09 yg lalu!!Serious guys, I would really advise you not to take financing with BSN.Seriously bad experience.)

AMbank(ni pun sbb Aspa ada bad experience with the management for our Hire Purchase loan).
Bank Islam and Muamalat(sbb rate die tinggi for flexi plan)
And some other banks.Byk juga bank kat mesia ni though byk yg da merge.

By the way, if any of you planning to look for house financing, you can google in this website, http://www.money3.com.my/.
Seriously, senang bangat.Masukkan je bape byk u wanna finance, the price of the property and you can search the best bank with the best package.Then you can start to apply and once sent, an agent will contact you.The agent comes from the respective banks le.So they will make an arrangement when to meet you or they can just discuss the package over the phone.It is very2 convenient!

Anyhoo, kalau ada yg application yg berjaya, then I will update.Ingat nak elaborate why we choose the criteria above.But later2 le.....

Till then, I need to sambung my work yg bertimbun2 ni huhu.

Have a great day!