http://forum.lowyat.net/ Fri, 19 Jun 2026 12:59:08 +0800 FeedCreator 1.7.2 http://forum.lowyat.net/topic/4608142 So I&#39;m investing in property, and got mortgage offer from CIMB at 5.25% rate. I believe the rate is extremely high. Unfortunately, no other bank is willing to offer, or even handle my application. <br /><br />This is due to my high commitment for ASBF. I have a 200k ASB loan with CIMB that I took last year, and this year for 100k+ ASB2 loan with Ambank. I already cancelled the 200k ASB loan with CIMB, but it was in the middle of my housing loan application. I was unable to get any cancellation letter from them as they don&#39;t even issue a cancellation letter for ASBF, but my CCRIS record is already cleared from it. <br /><br />So basically, the only loan offer that I have is from CIMB at 5.25% rate. My agent said I should just accept it and refinance the loan to a lower rate once my credit score improved, probably in 3 years. But is it even worth it to pay a higher progressive payment which will only contribute to the interest portion of a loan that I&#39;m going to refinance? There&#39;s no guarantee I&#39;ll get a lower rate, and even if so, I still have to incur cost like loan legal, S&amp;P, etc. Thoughts? mcoriole Finance, Business and Investment House Tue, 26 Jun 2018 20:54:35 +0800 http://forum.lowyat.net/topic/4428339 Hi guys, I applied 2 ASB loans, 1 from Maybank, another from CIMB, and somehow both got approved for 200k and 199k each. <br /><br />I&#39;m thinking of taking CIMB cause their insurance is cheaper. My CIMB banker told me that I don&#39;t need to sign the approval letter cause once I applied, if approved, it&#39;s considered as my acceptance to the loan offer. She said that&#39;s the standard with every bank that offered ASB loan (unverified tho).<br /><br />However, my Maybank banker has been calling me to come and sign the offer letter. If ASB loan is auto accepted by application and approval, how did I manage to get 2 loans? To begin with, there&#39;s only 200k units purchasable. So do I have to service 2 loans? <!--emo&:stars:--><img src='http://static.lowyat.net/style_emoticons/default/rclxub.gif' border='0' style='vertical-align:middle' alt='rclxub.gif' /><!--endemo--> <br /><br />Have anybody taken ASB loan with Maybank in the closest past time? Can anybody verify what this CIMB banker said about auto-acceptance? mcoriole Finance, Business and Investment House Wed, 11 Oct 2017 14:59:53 +0800