Description APARTMENT - NORMAL UNIT:APARTMENT

UNIT NO. 14CR, 3RD FLOOR, JALAN KOSAS 1/5,

Address
TAMAN KOSAS, 68000 AMPANG, SELANGOR
Floor/Land Area 748 SQ FT
Solicitor CHE MOKHTAR & LING
Reference DC10021827
Auctioneer PROPERTY AUCTION HOUSE SDN BHD
Auctions Date 07 Aug 2010
Restriction NONE
Reserve Price: RM60,800
Market Price: RM75,000

Fixed or Variable rate loan? Which is better?

Quote:

Originally Posted by adam2010

sapa boleh tolong cerita. apa beza pbb buat daily rest ngan lelain bank punya rate..?
memang berlainan..

Fixed interest rate

Interest rate charged on the loan will remain the same through the term of the loan, no matter
what market interest rates do. Means your payments being the same over the entire term.
Whether a fixed-rate loan is better for you will depend on the interest rate environment when
the loan is taken out and on the duration of the loan. But with Fixed rate, you have no chance
to settle your loan early since its already fixed.

Variable interest rate

Interest rate charged on the outstanding balance varies as market interest rates change. Means
your payments will vary as well (as long as your payments are blended with principal and
interest). Benefit from this is you could settle your loan early if your keep paying more than
regular installments because your interest is based on current outstanding balance.

For me, I would say Variable rate is much better since we could reduce loan period and total
payment for interest.

Then in Variable interest, we have Daily rest and Monthly rest that mostly used now.
From this two, which one is better?

Daily rest
Interest will be calculated based on the previous day’s outstanding balance. The advantage
for daily rest is that you have a chance to save more if you like to make lots of pre-payments
on top of your regular instalments.

Monthly rest
Your loan interest for the current month will be calculated based on the previous month’s
outstanding balance.

Simple calculation to compare this 2.

Let’s say,
Loan amount = $100,000
Interest rate = 6%

Amount of interest that will be charged;

Daily rest = 100,000 x 6% x 30/365 = $493.15
Monthly rest = 100,000 x 6% x 1/12 = $500.00
=> Interest for Daily rest is lower than Monthly rest…you save $6.85 for that month.

If your monthly installment is $644, for Daily rest, paid for principal(pokok) is $150.85,
while with Monthly rest, you paid $144. This means, with Daily rest, you’re paying more on
your principal. This is how you can settle your loan early.

Hope you guys are clear now which interest rate you should looking for when applying loan.

kredit pada Khairul BH

http://www.carigold.com/portal/forums/showthread.php?t=60493&page=10

Quote:

Originally Posted by kapoonka

carik yg daily rest & ada facility ala2 OD.

Kalo nak daily rest n ada facility OD cam tuan kapoonka cakap tu.. Public bank ok ...tp aku
musykil, kalo ada facilty cam tu konvesional la kan..bukan islamic..betui ke
__________________
Daily rest maksudnya interest dikira setiap hari. Jika u ada duit lebih, parking
dekat situ meski sehari pun akan menjimatkan interest.

saya dlm proses apply loan al-rajhi..rate skrg BFR - 2.2%..pastu yg bestnya loan ni islamik n
ada promo zero entry cost..in terms of service x berani nak komen lagik sebab sumer sdg
dalam proses..hopefully sumer ok la..

I baru ambil loan Standard Chartered. BLR - 1.9%, dalam 3.9% la kira. Zero entry
cost, maksudnya kos guaman dan stamping percuma.

OCBC bagi I BLR -2%, tapi takde Zero Entry.

__________________________________________________________________________________

nak tau MV (market value)?

1. g bank
-bg maklumat lengkap hartanah
-bgtau niat nk beli rumah tu or refinance

2. g beli data transaksi di Jabatan Penilaian dan Perkhidmatan Harta

http://www.jpph.gov.my/V1/index3serv...at=3&no_item=7

3. g appoint mana valuation firm

fee mengikut skala

4. g tanye jiran sekitar hartanah yg rumahnya lebih kurang sama brape diaorg
beli rumah n tahun bile

5. klo hartanah dalam KL korang tanye je aku...

hehe

antara info yg diperlukan utk tentukan MV adalah:

1: lokasi
2: keluasan
3: status(pertanian,kediaman,perdagangan,industi)
4: pegangan (pajakan,kekal)
5: syarat nyata(cth:tanah rizab melayu)
6: apa ada atas tanah (cth:rumah,pokok getah,kelapa sawit,belukar,)
7: bebanan (kaveat,cagaran)
8: zonning(perancang bandar)
9: kepadatan penduduk
10:senang cte bawak je 1 salinan geran hakmilik tu ke bank.hehe. sume
maklumat dlm hakmilik tu diperlukan.
11.kalau ade bangunan atas tanah maklumat tambahan turut diperlukan.
________________________________________________________________________________

aku pun baru jer dalam proses beli rumah ke2 aku di kl.
rumah flat aku lar dia jual dalam 84k.
1- tengok market value? = 90k
2- bayar diposit = 5%, rm 4.2k
3- apply loan = 90k (kira makeup la sikit)
4- dapat LO = ni aku tengah tunggu
5- buat S&P = ni pun aku x buat lg??
6- berlakulah proses apa2 entah la dalam 3bln (kena tanya orang pengalaman
lar)
7- bank bagi duit dekat lowyer
8- lowyer bg duit dekat penjual
9- lebihan bagi dekat aku, tu pun kalau ada
10- penjual bagi kunci @ tranfer jer diposit sewa rumah dekat aku "tu pun kalau
penyewa dah ada la"
11- rumah ni memang milik kita lar sekarang..
betul ker ni apa yang aku mengarut??

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Step for bidding

1. pi visit mana2x branch BR. Biasa nyer week 3, aka 20hb-25hb dia wat lelongan. Diffnt
branch, diff timing

2. each item will be tagged and coded. Reserve price indicated

3. Amik borang dari customer service. Isi form tu, letak reference, and put the reserve price.
Then bayar RM5/- untuk each bidding.

See Image #3.

Format isian can refer to the customer service. The detail list ada terpampang kat notice
board, dekat pameran barang2x kemas tu.

Contoh I amik dari detail kat notice board for item #3

Reference: 12
No Siri : 11750
J/Barang : 01_jongkong_emas_01d
Berat : 200.03 gram / 200.04
Harga Reserve : RM50,279.20
Harga Bidaan : RM5x,xxx,xx - > letak la RM1/- to RM2/- per gram. Depends.

4. Bayar kat kaunter, nanti dia bagi balik borang berserta bank in slip yg di staple

5. Letak la dalam Kotak Bid

6. Doa and harap menang bid. (1-2 weeks)

7. Datang Bank, deposit la duit, angkat emas tu. Insist for cert if possible

Sekian, enjoice..

http://www.carigold.com/portal/forums/showthread.php?p=6938566