I'm currently searching for homeloan now,
here's my list of common questions on loan,
if there's more, please feel free to post/comment
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1. BLR cap
2. charges & setup fee (month fee, account setup)
3. Application processing fee
4. Capital prepayment
- withdrawal of prepayment charges
- charges / notice of prepayment
- amount of prepayment (not exceed annual installment?)
- the minimum amount of outstanding loan principle that must be maintained till the end of lock-in period
5. installment calculation / tables
6. insurance
- mrta/mlta
- finance into loan amount?
- compulsory / optional?
- mrta will gone if refinance
7. locking period
- 5 years from final disbursement or first disbursement?
- normally 3% penalty
8. installment starts when
- on loan agreement
- on first disbursement
- on final disbursement
9. loan person involve
- snp 2 names, loan requires 1 or 2 names?
10. loan statement
- available online?
- printed statement? (charging fee)
11. package?
- zero moving cost? (zmc) - include what fees.
- non zero moving cost? (nzmc)
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