Wednesday, October 7, 2009

HSBC Housing Loan

We have signed the Loan Agreement with HSBC. PIC from HSBC is Jennifer Chee and Eric Lim from Yee How & Tan Solicitor. The details for the Loan agreement would be:

1. Loan amount = RM205,920
2. Interest Rate = BLR - 2.25 %
3. Loan Period = 30years
4. Monthly Admin Fee = RM10
5. Cheque Book = RM7.50/50pcs
6. RM100 for Mortgage Account Opening
7. Lock in period = 7 years
8. Monthly payment = RM902 (BLR = 5.55%)

The legal fee is around RM3950+ before the 1st buyer 50% discount. After discount would be ard RM3.5K...

The loan is considered settled. Now just wait for further notice...

AJ...

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