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Anyone Know Which Bank Offer Better Fixed Mortgage Rate Better Than Maybank 0.85% In The First Year?

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Hi,

Anyone know which bank offer better fixed mortgage rate better than Maybank 0.85% in the first year?

Can more or less get from below:

http://www.smartloans.sg/

or

http://www.homeloan.com.sg/loan/res_pref.php

May not be so updated in the webs, no harm to get the no obligation quote.

Edited by bepgof
 

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Maybank uses monthly interest calculation vs some other banks that use daily interest (rest) calculation.

Do take note.

 

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Maybank uses monthly interest calculation vs some other banks that use daily interest (rest) calculation.

Do take note.

Pardon me this finance igorance. So which is better? Monthly rest basis or Daily rest basis?

I've signed up with Maybank.

 

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Pardon me this finance igorance. So which is better? Monthly rest basis or Daily rest basis?

I've signed up with Maybank.

Daily is always better. You pay lesser generally

 

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Guys,

Check out this deal.

My colleage, outstanding loan with UOB=80k, Approach Maybank, valuated his property as 950k, so offer to do refinancing for 200k, 80k=UOB, 120k=cash. All at 0.88%

Also offer to allow depposit at 2.5%.

So what he will do is take the 120k, pay interest at 0.88%, deposit at 2.5%

He calculate that he will have save cash $1XX monthly :)

 

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Guys,

Check out this deal.

My colleage, outstanding loan with UOB=80k, Approach Maybank, valuated his property as 950k, so offer to do refinancing for 200k, 80k=UOB, 120k=cash. All at 0.88%

Also offer to allow depposit at 2.5%.

So what he will do is take the 120k, pay interest at 0.88%, deposit at 2.5%

He calculate that he will have save cash $1XX monthly :)

Har? MAS allows one to take "cash"?.

Edited by bepgof
 

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Har? I also gong gong when he told me. Yes he told me literally cash !

Like that I also want le. Initial plan to do full redemption for 5rm this end of yr (need infor bank in end sept), 80k outstanding. Plan changed, took this 80k(cpf) to pay TG.

Edited by bepgof
 

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Like that I also want le. Initial plan to do full redemption for 5rm this end of yr (need infor bank in end sept), 80k outstanding. Plan changed, took this 80k(cpf) to pay TG.

Deal is the 120k portion must be deposit immediately into the deposit.

But he is allow to withdraw from the deposit monthly :)

 

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Maybank uses monthly interest calculation vs some other banks that use daily interest (rest) calculation.

Do take note.

is there a way to gauge how much is the difference?

 

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Deal is the 120k portion must be deposit immediately into the deposit.

But he is allow to withdraw from the deposit monthly :)

i think only possible for pte pty. Frm what i understand hdb is close . Cannot adjust loan amount afterwards.

another thing i notice abt maybank loan, seem like no legal subsidy. Thus, need to calculate properly before taking. may not save $$

Edited by Jgal
 

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Deal is the 120k portion must be deposit immediately into the deposit.

But he is allow to withdraw from the deposit monthly :)

I PM a forumer(by the name of "loan specialist", see thread under "renovation loan, post #66) who claims to be a May bank employee over this & I'm super interested in this deal, he pm back & "promised" to send me details when he is back to office. More than 10 days already over, not even a single word heard from him.

Edited by bepgof
 

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Check out Maybank 5-yr fixed:

1st yr: 0.88%

2nd yr: 2.00%

3rd yr: 2.25%

4th n 5th yr: 2.5%

no bank in singapore can beat this

DBS 5 year Fixed rate better is better than Maybank's.

5 Year Fixed Rate @ 1.99% (1st 5 years)

TA: 3m SIBOR +1.25%

Lower 5 year average rate. :)

 

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