Financial Restructuring?
Well, sort of. 1st issue is to refinance my current flat, Havanna, Seri Maya (SM). Bought in 2004 for 270k and now valued at 380k. I am very impressed by the appreciation value of the property. Rental rates and demand are also superb for this flat of mine. Hence i bought another flat in Dutamas area called Changkat View (CV) Condo so that i can rent out the SM flat.
After requesting a few banks and asking them to counter offer each other... i finally settled with Hong Leong's offer. Its BLR - 1.9 for the entire tenure, daily rest, Zero Fees, MRTA optional, flexi loan. Citibank's and RHB's offers are not as enticing.
Now that the SM refinancing deal signed i am again on the hunt for the best deal for my newly acquired CV flat. This CV flat is due to complete middle 2009, so i still have some more time to enjoy SM. Asked 3 bank to offer their best rates :
1. Citibank has approve my second loan for the CV this morning, their rates are ;
1st year 3.99%, 2nd year 4.99% and 3rd till finish BFR-1.6 = 6.8-1.6 = 5.2 (for now at least)
this is a Zero Fees package.
2. Hong Leong (still waiting approval), their rates are ;
1st till finish BLR-1.9 = 6.75-1.9 = 4.85
same Zero Fees package
3. Alliance Bank (still waiting), rates are ;
1st year 0%, 2nd till finish BLR-1.8 = 6.75-1.8 = 4.95
have to pay for legal fees around 5k.
has a save-link account feature very cool, very flexible and can potentially save a lot.
I did all the interest charged calculation/projection for 5,10,20,30 years... and Alliance is the best deal, then Hong Leong lastly its Citibank. So hopefully Alliance will give me their green light soon. Why don't i choose a fixed rate loan? That needs an entire different entry on it own.
After requesting a few banks and asking them to counter offer each other... i finally settled with Hong Leong's offer. Its BLR - 1.9 for the entire tenure, daily rest, Zero Fees, MRTA optional, flexi loan. Citibank's and RHB's offers are not as enticing.
Now that the SM refinancing deal signed i am again on the hunt for the best deal for my newly acquired CV flat. This CV flat is due to complete middle 2009, so i still have some more time to enjoy SM. Asked 3 bank to offer their best rates :
1. Citibank has approve my second loan for the CV this morning, their rates are ;
1st year 3.99%, 2nd year 4.99% and 3rd till finish BFR-1.6 = 6.8-1.6 = 5.2 (for now at least)
this is a Zero Fees package.
2. Hong Leong (still waiting approval), their rates are ;
1st till finish BLR-1.9 = 6.75-1.9 = 4.85
same Zero Fees package
3. Alliance Bank (still waiting), rates are ;
1st year 0%, 2nd till finish BLR-1.8 = 6.75-1.8 = 4.95
have to pay for legal fees around 5k.
has a save-link account feature very cool, very flexible and can potentially save a lot.
I did all the interest charged calculation/projection for 5,10,20,30 years... and Alliance is the best deal, then Hong Leong lastly its Citibank. So hopefully Alliance will give me their green light soon. Why don't i choose a fixed rate loan? That needs an entire different entry on it own.
Madi... apa cerita rumah yg kat Pandan tu?? burn jer ker??
Posted by
Najib Ariyan Ali Basha |
29/4/08 11:15 pm