Lowyat.NET: Latest topics by C1902

Maybank Loan:Maxihome (Semi) vs Maxihome Flexi

C1902 — Thu, 22 Mar 2018 13:26:00 +0800

Hi,

Is anyone using Maybank mortgage loan here?

I’m totally confused by Maybank officer, the lady herself also confused when I digged more info.

There are two flexi loan offered by Maybank.
1) Maxihome (Semi)
2) Maxihome Flexi (Full flexi)

My queries:

I’m asking as Maybank Monthly repayment works quite differently if compared with other bank ( e.g CIMB)

1) what’s the differences between the two ? The Maybank officer said no different, just MaxiHome flexi got a current account & withdrawal no charges.

2)From my understanding, e.g if loan amount is RM600k (monthly repayment RM3.1k) even after i throw in RM200k (monthly repayment still RM3.1k) ; it just shorten the loan tenure and monthly repayment will never go down. Does this appproach apply to maxihome (semi) or maxihome flexi (full)? OR both ?

3) for maxihome flexi (full), principal amount is fixed tilll end of my tenure, but interest rates varies as it depends on the amount of money that I pump in. Is this correct ?

Kindly enlighten.

Thanks!

MLTA?

C1902 — Wed, 07 Mar 2018 12:03:36 +0800

Hello,

Just a quick query, I want to purchase MLTA separately via insurance agent instead bank. Can I do that ?

Reason being bank wants to finance this MLTA into house loan. This policy will tied to bank instead of house owner. There’s no flexibility if I wish to surrender this policy earlier since it’s tied to bank. Kindly correct me if my understanding is wrong. Thanks.

MLTA ?

C1902 — Wed, 07 Mar 2018 11:53:41 +0800