For beginner: MARI BELAJAR istilah/jargon utk housing loan

tobby · Post time 1-4-2009 03:31 PM

kpd beginner yg baru nak apply loan rumah, ni aku nak share jargon/term or istilah utk housing loan & aku try explain sikit2 maksud istilah2 tu. kpd yg otai2 tu bantulah aku tambah2 explaination yg ada. tolong menolong sesama insan. sharing is caring.

MOF= margin of finance (contoh rumah 100k, loan boleh pi maximum 90K or 90% loan)
BLR = base lending rate  (yg ni bergantung kpd policy bank negara, iaitu Overnight Policy Rate OPR policy)
ZEC= zero entry cost (bank tanggung kos lawyer)
FEC = free entry cost  (bank tanggung kos lawyer)
FMC = free moving cost (bank tanggung kos lawyer & kos perpindahan loan dari bank lain)
TA = there after    (sampai bila2.....contohnya bank offer BLR - 1.85 TA, maksudnya dari mula byr sampai loan setel)
LA = loan amount
MRTA = insurans    (contohnya, klu buyer meninggal, waris tak perlu bayar baki loan sbb insurans cover)
Flexi = flexi rate ikut BLR
Fix = fix rate
Daily Rest = Your loan interest will be calculated based on the previous day抯 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 or capital payments on top of your regular instalments.
Monthly Rest = Your loan interest for the current month will be calculated based on the previous month抯 outstanding balance (which consists of principal and interest not paid, if any)
Daily Compounded = bank tersebut ada facilities online yg membolehkan sistem calculate terus bila kita buat pre-payments or byr awal. Contohnya HSBC & City Bank.
Monthly Compounded = bank tu offer daily rest tapi monthly compounded disebabkan sistem bank derang hanya boleh calculated hujung bulan jer. Biasanya local bank.
Locking Period = minimum period kita kena continue loan dgn bank tersebut. kurang dari tu kita kena penalty.
OD = housing loan dgn OverDraft facilities. contohnya apa yg kita dah byr extra kita kita boleh bwk keluar balik.
PV = property value
Strata Title = apa dia strata title & kenapa ia penting? Strata Title lebih kurang mcm geran tanah. Ianya utk flat/aparment. Strata title is a form of ownership devised for multi-level apartment blocks. Susah sikit nak jual or nak refinance apartment kita selagi belum dpt Strata Title. Setengah pemaju yg lembab buat follow up, sampai berpuluh2 tahun owner belum tak dpt strata title.
Subsale = beli rmh dari tangan orang, bukan beli direct dgn developer or lelong. senang cakap beli rmh seken hand dari tgn owner tu sendiri.
Auction = lelongan awam. rumah lelong, boleh beli rumah2 yg bank lelong sbb owner culas bayar. below market price.
EPA= Exit Penalty Absorb  (stop loan dgn bank belum cukup edah, sbb masih dlm locking period, so kena penalti, tapi bank yg satu lagi sanggup absorb kos penalti itu kalau refinance dgn depa.
LA : Loan Amount
MRTA/MRTT : Mortgage Insurance
PV : Property Value
ZEC/EEC/FMC/ZMC : Free Entry Cost
NZEC/NEEC/NFMC/FEC : Non-Free Entry Cost
C : Completed
UC : Under-Construction
L : Landed
NL : Non-Landed (Condo & apartment)

CONTOH HOUSING LOAN OFFER OLEH BANK:

[ Last edited by tobby at 7-4-2009 08:53 ]

kabukiman · Post time 1-4-2009 04:05 PM

tenkiu for the insight.

kabu mati2 ingat ingatkan free moving cost tuh kos sewa lori bagai bank bayau.... rupernya mende lain

kirawang · Post time 1-4-2009 04:37 PM

Originally posted by kabukiman at 1-4-2009 16:05
tenkiu for the insight.

kabu mati2 ingat ingatkan free moving cost tuh kos sewa lori bagai bank bayau.... rupernya mende lain

biar betul kau ni...

relaxjek · Post time 1-4-2009 05:48 PM

bro tobby,,..

so yg untung kat sini kalau kita dapat loan yg Daily Rest dan Daily Compounded kan?

mat403 · Post time 1-4-2009 06:18 PM

bagus info...

xsmlxl · Post time 1-4-2009 06:43 PM

Originally posted by relaxjek at 1-4-2009 17:48
bro tobby,,..

so yg untung kat sini kalau kita dapat loan yg Daily Rest dan Daily Compounded kan?

setahu aku... kebaikannya itu wujudd.. bila kita bayaq lebih....

contohnya

monthly repayment = rm1000.

pastu kita bayar rm2000.. additional 1000 tu akan mengurangkan principal kita by rm1000
so interest yang dikenakan pada principal on the next day tu kurang sedikitlah
sebab sistem akan kira loan tiap tiap hari(sebab tu panggil daily rest)

sbb tu jika kita pakai smart loan... contoh bank yang offer hsbc dan cimb at the end kita dapat kurangkan jumlah interest yang di kenakan dan memendekan tempoh pinjaman..

minta tambahan jika perlu

iena_kindaichi · Post time 1-4-2009 06:46 PM

wah...macam memahami jer kehendak iena nie....thanks...

tobby · Post time 1-4-2009 10:49 PM

Originally posted by relaxjek at 1-4-2009 17:48
bro tobby,,..

so yg untung kat sini kalau kita dapat loan yg Daily Rest dan Daily Compounded kan?

klu nak buat kaedah fortnightly payment utk kurangkan interest & tempoh bayaran kena la cari loan yg Daily Rest dan Daily Compounded.

mat403 · Post time 1-4-2009 11:20 PM

cari loan yg boleh masukkan duit extrra bila2 masa untuk mengurangkan interest yg dikenakan...

tobby · Post time 1-4-2009 11:23 PM

ya. skrg bukan saja fortnightly, malah klu everyday ada duit lebih pun boleh terus byr utk kurangkan interest.

Mas916 · Post time 3-4-2009 12:16 PM

bank mana yg ada offer FMC la ni ekk...

tak tahan aku....meben BLR + 2.0 p.a

Mas916 · Post time 3-4-2009 12:20 PM

Loan Type	Completed And Under Construction (With MRTA)	Completed And Under Construction (Without MRTA)
Non ZEC (Non Zero Entry Cost)	2.38% 1st year, BLR -2.20% thereafter	3.38% 1st year, BLR -2.20% thereafter
ZEC (Zero Entry Cost)	3.88% 1st year, BLR -2.00% thereafter	4.88% 1st year, BLR -2.00% thereafter
ZEC with EPA	BLR -1.70%	BLR -1.60%
* EPA tu apa ekk?

iena_kindaichi · Post time 3-4-2009 07:11 PM

fortnighly tuh apa...?? yang bayar 2 kali dalam sebulan tuh ekk...??

iena_kindaichi · Post time 3-4-2009 07:13 PM

erm apa maksudnya BLR yang ada + ngan - tuh...?? kalau + BLR lagik mahal ker...?? iena tak pandai ler bab umah nie...baru jer nak belajo...

anonymous · Post time 6-4-2009 01:29 PM

anon pun igat sama.. asal lak ader kaitan dgn free moving costt... umah baru.. xkan nk pindah2.. bukan ker charge tu dh masuk maser diliver....

tobby · Post time 7-4-2009 01:38 AM

Originally posted by iena_kindaichi at 3-4-2009 19:13
erm apa maksudnya BLR yang ada + ngan - tuh...?? kalau + BLR lagik mahal ker...?? iena tak pandai ler bab umah nie...baru jer nak belajo...

saper yg pakej loan lama yg masih guna BLR + atau fix rate 7% tu cepat2 bertukar ke pakej baru yg BLR - 1.85 ker.....BLR - 2.00 ker....

kebanyakan kwn2 aku bila aku tanya derang, korang punya pakej home loan dulu BLR plus berapa? derang jawab "entah, berapa yer....tak amik tau......bayor jer bulan2 mcm biasa kat bank" hua hua hua..... seronotnya jadi banker klu semua pengguna kat Msia ni buta finance.

mantan · Post time 7-4-2009 03:28 AM

mod, dicadangkan thread ni diarkibkan supaya tak ketinggalan ke belakang...info berguna sepanjang masa ni..mana tau kang 3-4 bulan lagi ada pulak yang buka thread tanya info pasal loan rumah

tobby · Post time 7-4-2009 08:57 AM

Originally posted by Mas916 at 3-4-2009 12:20
EPA tu apa ekk??

EPA= Exit Penalty Absorb (bank B sanggup absorb kos penalti yg dikenakan oleh bank A kalau kita refinance dgn bank B)

lain2 istilah yg selalu disebut (refresher...)
LA : Loan Amount
MRTA/MRTT : Mortgage Insurance
PV : Property Value
ZEC/EEC/FMC/ZMC : Free Entry Cost
NZEC/NEEC/NFMC/FEC : Non-Free Entry Cost
C : Completed
UC : Under-Construction
L : Landed
NL : Non-Landed (Condo & apartment)