Borrow RM733,500 and Pay RM3,165,108.84!! (4x times more from original loan)

/, Latest News and Update/Borrow RM733,500 and Pay RM3,165,108.84!! (4x times more from original loan)

Borrow RM733,500 and Pay RM3,165,108.84!! (4x times more from original loan)

Have you ever come across with a home loan offer that
Purchase Price by the bank is RM733,500 ( loan amount)
Selling Price By The Bank is RM3,165,108.84 ( interest + principal, calculated based on maximum capped profit rate)

In this case, the capped rate is 10% p.a

Tenure 504 months @ 42 years
Instalment : RM2736

For some of us, we might freak out to see such a huge amount! I know I do.

Usually, this only happens in Islamic Loan packages where a bank will state the maximum profit they are allowed to profit from this particular home loan.

Most of the time, the bank might not charge borrower that much, usually a bank will base on the current interest rate to calculate instalment and interest.

Even, RM2736 x 504 months = RM1,378,944. Not even close to RM3mio.

However, you’ll need to understand that a bank has every right to increase the interest rate up to 10% p.a. or up to their maximum capped rate. When they do, the Selling Price By The Bank will be way higher.

I think it’s good to know upfront before signing the home loan contract for 30-40 years.

If you love this tip, it’s one I hope you share far and wide, with everyone you know.

With enormous love and appreciation,

For more Home Loan information and enquiry, please call/ Whatsapp us at +6012-6946746 or visit our website

By | 2017-09-18T20:20:03+00:00 September 18th, 2017|Home Loan Library, Latest News and Update|0 Comments

About the Author:

Hey guys, thank you for coming here and check out our website. We have been doing this housing loan loan services more than a decade and i truIy feel old already. Our website is updated frequently. You can always find us at google+ or our youtube channel Along the years, we helped thousands of people with their home loan. Sometimes we felt our works is worthy because we help many people to get their dream house. Please come and engage our services. We promise to guide you through and be there when you need us. Until next time, Good Luck!

Leave A Comment