OCBC Mortgage Package Update

Conventianal HL, Graduate HL

Floating rate:
100 - 200k : BLR - 2.2%
200 - 500k : BLR - 2.4%
> 500k : BLR - 2.4% ** 5 years no refinancing

Fixed rate:
>150k: 1st 3 yrs: 4.4% fixed, T/A: BLR -1.9%

Other Terms:
1. Interest Rate: For Under-con and completed properties, not applicable for land financing and land & construction
2. Lock in period: 3 yrs 1st drawdown / 3% or RM5k, whichever is higher (waived for sales / full settlement)
3. Margin of financing: 90% + 10% (Home Xtra, Legal fee, valuation fee, stamp duty)
4. Min value of property: Any
5. Max tenure: 30 years/ Age 65, For Graduate HL, 40 years/Age 70 for completed, 36 years/ Age 70 for under-con
6. Withdrawl fee: RM 10 per withdrawal per notice, min 5k multiple of 1k

Home Xtra Package:
1st year: BLR + 0%, T/A: BLR +1.4%
Lock in period: Nil
Tenure: 7 yrs/ Age 65/70
8 times of monthly net income, max up to RM 150,000.00

Manarat Home-i (Islamic Package)

Variable Rate (No Lock in)
<100k: BFR - 1%
>100k BFR -1.8%

Variable Rate (With Lock in)
<100k: BFR -1.8% (5 yrs)
100k~199k: BFR -1.9% (5 yrs)
200k~299k: BFR - 2.2% (3 yrs)
>300k: BFR -2.3% (3 yrs)

Fixed Rate: -
1~3 yrs: 4.4%, T/A: 1.9% (Lock in 3 yrs)

Other Terms:
1. Early Settlement Penalty: 1% of total facility amount
2. Margin of financing: Max 90%

Commercial, CPL:
BLR -1.9% (3 yrs lock in,1st drawdown)
BLR -1.5% (no lock in)

Other Terms:
Lock in penalty: 3% / RM5k whichever is higher
Margin of financing: 
Shophouse/Shopoffice/SOHO: max 85%
Office/Shoplots (G Floor)/Factory: 75%
Retail/Shoplots (Not G Floor): 65%
Tenure: 30 yrs/Age 65, whichever is earlier


**Valid until further notice


Last update on 1 Nov 2011