OCBC vs Maybank Home Loans

fboyixiz — Wed, 25 Jul 2012 12:52:44 +0800

Hi,

I am now the amidst of deciding on which housing loan should I take, OCBC or Maybank.
The housing I am getting is under DIBS and will be ready by 2014-2015.
Everything is covered by developer except for legal disbursement fee.

Both loans are approved.
The details are as below:

Maybank - MaxiHome-i

Rate (Original): BLR-2.1% (No lock in period)
Rate (Appeal): 1st year BLR-2.5%, 2nd and 3rd year BLR -2.45%, thereafter BLR -2.4%. Base on thereafter rate BLR -2.4%
Margin: 90%
Tenure: 40 yrs

Other Benefits:
1. No lock in period (can sell, settle or refinance any time)
2. Selling price (Maximum BLR up to 10.6% only. If BLR going up above 10.6% will only capped on max 10.6% only.)
3. Amount extra you paid will direct reduce the loan amount without giving the bank notice, processing fees for each withdrawal is RM25 only.
4. Free standing instruction (monthly auto debit from your existing acc)

OCBC

Rate (Original): BLR-2.4% (No lock in period)
Rate (Appeal): BLR-2.45% (3yrs lock in period)

Margin: 90%
Tenure: 38 yrs

Other Benefits:
1. Renovation and refurbishment Loan
Renovation loan can be a contingency loan for you upon vacant possession. You are allowed to use this backup loan to renovate your house before you sell. This is exclusive for our OCBC customer, only to those who is eligible to get it. There are personal contingency and renovation loan package involved. You can use this personal contingency for another investment without taking a huge amount from your saving or you can use the renovation loan to renovate in order you can sell for higher price. If you use it, interest only will charge, if you don’t use it, you may just leave it for one year after you get the key, it will automatically lapse and no interests charge. Let’s say, if you are eligible to get 200k from renovation and personal contingency, yet you use only 50k out of this 200k, the interest will only charges based on 50k but not 200k. You can flexibly use this loan to do further investment, or even if you don’t, there is no harm to you, it would be a good offer for investor. The interest is only BLR + 0%.

2. Portability
Besides, portability enables investor to go for second property by selling off the property with OCBC in order to enjoy waived of stamp duties. If you current property loan amount is 700k, 0.5 tax by government which we called stamp duties, may costs roughly 3.5k. What if customers choose to get from OCBC and the second property goes for OCBC again, the 3.5k can be waived, you can save more in future. Either your existing housing loan with OCBC is RM 500k, RM 200k has been settled through instalment, your second loan with OCBC again, RM 200k stamp duty can be waived by top up your loan on the existing, RM 1k roughly can be waived.

3. Top up Loan
Customer is able to top up his loan upon vacant possession, bank will according to the market value to top up for you. This top up loan will not be charges or legal fees and disbursement. Therefore, there is another saver plan for OCBC users.
Other than that, the result announcement will be within 3 days. If customer profile is within guideline, we can get back to our customer in within 3 days. Any question or inquiry please do not hesitate to look for me, I will be here to serve you up. Million thanks.

4. Capital Repayment

We do not have to pay for RM 200 to start an account, and no monthly services charge for RM 10. In addition, we do allow our customer to put in extra money to direct offset principal and withdraw it any time. Each withdrawal only RM 10 charge, it is good if customer does not withdraw often or more than 12 times per annum.

Really appreciate if anyone can advice me which one is a better offer.

Thanks!

Reroute specific IP Address to different NIC

fboyixiz — Thu, 12 Aug 2010 13:29:12 +0800

Hi all,

I hope that someone can help in this issue.

I have a celcom broadband which I use to connect to the internal. I also have a LAN connection to connect to my internal office server based application.
Is it possible to use both connection at the same time? Reroute all internet connection services to the via Celcom broadband and reroute all my office application via the LAN connection?

Currently I'm using Windows 7.

Thank you.

Lowyat.NET: Latest topics by fboyixiz

OCBC vs Maybank Home Loans

Reroute specific IP Address to different NIC