Best Time to Re-evaluate your Home Loan

1 Comment

I recently ask the bank for my housing loan status and was rather pleasantly surprised by the frank advice given.  Well, I was asking how can I lower my interest rate though I am still in the bonding period.  The reply was write to the bank and most likely the bank will consider my request.  However, there is usually a “penalty” comes together with the new offer, and the trick is, write to the bank again and the bank may gives a discount on the amount of the “penalty”.

The key takeaway is that banks generally do not tell you what they can do for you! You have to ask.  Pending on your record, and how desperate the bank want to keep you (It is a shopper market now), you may get what you asked for.  No harm isn’t it?

Not sure where to start looking?

Bank
BLR
Loan Type
Loan Package
90%
95%
Affin Bank
5.50
Float
Home Solution
  
x
Alliance Bank
5.55
Hybrid
Islamic i-Wish
x
  
Al Rajhi Bank
6.20
Float
Home Financing-i
x
  
AmBank
5.55
Float
Home Link
x
  
   
Fixed
Home Financing-i
x
  
CIMB Bank
5.60
Float
Home Partner-i
x
  
   
Float
Variable Home Financing-i
x
  
Citibank
5.60
Float
Home Partner-i
x
  
     
Home Credit (OD)
85%
  
     
Flexi Home Loan
x
  

Home Loan Package more..

EON Bank
5.55
Float
Super Easy 1-2-3
  
x
Hong Leong Bank
5.55
Float
Mortgage Plus
x
  
   
Hybrid
Cash Back Home Loan
x
  
   
Hybrid
Flexi-I
x
  
HSBC
5.55
Float
Home Smart
x
  
Maybank
5.55
Hybrid
MaxiHome
x
  
OCBC Bank
5,55
Fixed
Fixed Rate Package
x
  
Public Bank
5.55
Fixed
Single Tier Rate
x
  
   
Float
Multi Tier Rate
x
  
RHB
5.55
Float
MY1 Revolving Home Loan
80%
  
   
Float
MY1 Home Loan
x
  
   
Float
Equity Home Financing-i
100%
  
Standard Charted
5.55
Float
Mortgage One
x
  
   
Float
Term Loan
x
  
UOB
5.55
Float
Intelligent Home Loan
x
  
   
Flexi
Flexi Mortgage
x
  
           

For quick reference only, for more details please check with respective bank.

Popularity: 17% [?]

------------------------------------------------------------------------
Related post:
  • Malaysia Home Loans 2008 till 2009
    The much anticipated rise in mortgage lending rates has not happened as predicted and the Overnight Policy Rate remains at...
  • Pre-payment Charges On Housing Loan
    Most banks offer home loan facilities for their customers to purchase or refinance their properties. A typical housing loan requires...
  • Car loan interest rate (Hire purchase rate)
    You want to buy a car so that you can commute to office and other places with ease. But purchasing...
  • Banks to reduce monthly loan repayment soon
    BLR reduce as mentioned by the media will take effect soon. This is a good way to use it as...
  • Rent out your properties and get tenants to pay your housing loan?
    One of my friend just brought a new town house. The developer managed to deliver the property on time. Now...
  • Hire Purchase Private Car Loans
    Hire purchase (HP) financing is one of the most common ways for people to buy private vehicles. If you take...
    • This entry was posted on Wednesday, April 1st, 2009 and is filed under Banking & Financing, Home Loan / House. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

    One Response to “Best Time to Re-evaluate your Home Loan”

    1. Gertie VillataOctober 7th, 2010 at 8:42 am

      Good Job, YourWeb will be the bestin the world!!

    Leave a Reply for " Best Time to Re-evaluate your Home Loan"

    Designed by DuitMoney.com