Interest Rate For Buying House
Once you have decided to buy a house and starting looking for housing loan in order for you to get the house, you may find out that getting a housing loan that of your favour can be really an stamina exhausted task and time consuming. You need to spend a lot of time by contacting respective banks and compare the interest rate offered by them.
Once you figure out the bank that you want to borrow for your housing loan, then you need to make your decision whether you want to choose for fixed rate or variable rate loan( flexi or non flexi loan). This is rather depend on your own requirements but most consumers would prefer to go with variable rate as it seem more promising.
Interest Rate for Housing Loan
The rates for home loan recently is not really look attractive due to the economy status in the country is starting recover and consumers buying powers are increasing, thus push up the home loan interest rate.
If you want to apply for home loan, you can refer to the below table which will show you the current home loan package from different banks in Malaysia offer. Of course, it is just for your reference purpose and if you want to get the exact rate, you may still need to check with the bank for the accurate rates for the package that you wish to get.
Interest Rate for Respective Banks in Malaysia
|Bank||Package Type||Interest Rate (%)||Package Information|
|Alliance Bank||Flexi Loan||from BLR – 1.8|
|AmBank||Flexi Loan||from BLR – 1.9|
|CIMB Bank||Home Flexi||from BLR – 1.9|
|Citibank||FlexiHome||from BLR – 1.5 (ZEC)from BLR – 1.8 (non-ZEC)|
|EON Bank||Super Easi 123 Flexi||from BLR – 1.8|
|Hong Leong Bank||Flexi Mortgage||from BLR – 1.85|
|HSBC||HomeSmart||from BLR – 1.75|
|Maybank||MaxiHome||from BLR – 1.8|
|OCBC Bank||Home Loan||from BLR – 1.9|
|Public Bank||Home Save||from BLR – 1.9|
|RHB Bank||Flexi Loan||from BLR – 1.8|
|Standard Chartered||Flexi Loan||from BLR – 1.8|
|UOB Bank||Flexi Mortgage||from BLR – 1.8|
If you want to get the latest interest rate for different banks, you may want to check on their website and call to the banks to find out.