Received a registered letter from AH developer, Premier Consortium on 30/10.The letter dated 14/10 is mainly issued to the HSBC Bank to ask for progressive disbursement of roughly 50% (100k plus).Together was the letter for 10% down payment of RM28,800 but since AH marked up the price so that i can get a 100% loan, attached was another receipt stated a RM22,000 discount. So eventually i still need to get back RM200 from the developer since i have made a RM1k deposit. Will need to refer to the AH when will i get my $$ back. The receipt upon receptance of my RM1k deposit was attached as well.
The due for the bank to release payment will be on 16/11 which is 21 working days later. I have contacted Eric from yeehow & tan, solicitor for my bank loan. He will follow up on behalf and will notify me when everything is ready. I'm worry because once the payment is late, a penalty of 10% per annum will imposed and it is bared by the borrower,Me...will follow up again with Eric and Jennifer from HSBC...today is 5th already..
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