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 |
Popularity: 17% [?]
Category: Banking & Financing, Home Loan / House
