This will depend on the value of your property, your income and your repayment capability. Margin of financing can go as high as 95% (inclusive of MRTA). The higher the margin, the higher you will have to pay per installment. Also, at a given rate, a shorter tenure will require you to pay higher installment.
Normally there will be penalty charges for early loan settlement. Depending on the situation, penalty charges will range between 2-5% of the outstanding amount. The charges that are made will depend on the type of product you have chosen and when you decide to redeem your loan. Note that in some loan packages, there are certain minimum periods you need to observe before full settlement is allowed..
The main consideration in refinancing would be the costs involved. As you are clearly aware, you have incurred a substantial amount to pay for the necessary fees to obtain your first loan. For example, processing fees, legal fees, stamping and transfer fees. Refinancing means you would have to incur the same charges again. Before you decide to refinance, you should ensure that the savings from the lower interest rate is enough to compensate all the costs incurred associated with refinancing, including penalty charges, if any.
My Finance power to impose charges on your account is normally indicated in the Terms and Conditions of the loan.
Our main branch is located in Kuala Lumpur. But you can select the branch that is convenient for you.
We offer few business finance plans. Depends on your needs. Contact for further details.
The main consideration in refinancing would be the costs involved. As you are clearly aware, you have incurred a substantial amount to pay for the necessary fees to obtain your first loan. For example, processing fees, legal fees, stamping and transfer fees. Refinancing means you would have to incur the same charges again. Before you decide to refinance, you should ensure that the savings from the lower interest rate is enough to compensate all the costs incurred associated with refinancing, including penalty charges, if any.
Once you selected the loan that matches your needs.
It usually takes about one to two weeks for your loan application to be approved from the time you supply full documentation. Contact Us for the checklist of documents required for the application to avoid any delay.
Depends on the credit standing of the borrower.
This will depend on the value of your property, your income and your repayment capability. Margin of financing can go as high as 95% (inclusive of MRTA). The higher the margin, the higher you will have to pay per installment. Also, at a given rate, a shorter tenure will require you to pay higher installment.
Once you applied for the loan its valid until you repay the full amount.
Only Malaysian citizens are eligible for the loans. Other requirements depend on the type of the loan.
Generally, legal fees are borne by the buyer. However, we offer to pay the legal fees on the legal documentation as part of their marketing package. I
If this happens, you should contact us to discuss a reasonable repayment program, which could include extending the tenure of the loan.
Once you take the credit card you will be asked to do some steps when you use it for the first time. Instructions will be given at the purchase of the card.