< 100k: B - 1.6%
100k ~ 299k: B - 2.2%
> 300k: B - 2.3%
Residential floating rate (Term & Full Flexi - For under-construction properties)
1st year: BLR - 2.5%
2nd & 3rd year: BLR -2.45%
Thereafter: BLR - 2.4%
Other Terms:
1. Exit Penalty: Lock in 3 years 1st drawdown, 2% of total facility amount
2. MOF: max 90% + 10% (legal fee, stamp duty, MRTA financing, Overdraft facility) Max 70% for foreigners or locals who derived income from oversea (salary denoted in foreign currency except for Singapore dollar & Brunei Dollar)
3. Tenure: Age 65 / 30 yrs, whichever is earlier, professional / graduates - Age 70/ 40 years, whichever is earlier
4. Non-ZEC
5. Prepayment withdrawal fee: RM 50 / withdrawal (for conventional term loan), withdrawal amount must be multiple of RM 1000, min RM5000 (limited to 1 request per calendar month)
6. Mortgage Insurance: MRTA/MLTA/Life policy are compulsory to be taken up, sum assured must be equivalent to loan amount, min 5 years
7. Credit cards with annual fee waiver will come with the mortgage offer (during the loan tenure)
8. Event of default: adjustment of interest rate to BLR + 0% or 1% above prevailing interest rate on outstanding amount, whichever is higher (grace period 1 month) + 1% p.a. on overdue amount
Charges:
1. Full Flexi Loan Charges: RM 200 set up fee , RM 10 monthly maintenance charges
2. Administrative cost for reinstatement of housing loans: RM 50 for each reinstatement account approved
3. Statement issued to housing loan customers for EPF withdrawal：RM 20
4. Request to redeem title: RM 50 / title / lot
5. Request for redemption statement for the purpose of partial/ full settlement of credit facility: RM 50 per request
6. Specific request for change in credit terms & reduction of pricing : RM 50 per approved request
Last update on 12 Sep 2011
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