Maybank oh Maybank…. Thank you for making my day superb! Lol

Yeah… Superb day… I wonder why Maybank not sent me a statement this month….Might be a big delay out there…. At least I’m ready with it (Now, half month already…salary balance also 50-50)… Actually,no need to worry about this… Since this just a progressive release. Since, I opted to “Musharakat Mutanaqisah” aka Islamic Term Loan there is no due date for this until full release… At least we pay “Small amount first, to cover the full payment”….

 

 

So, cheers!!! Have a nice day!

Wish list

 

1) TV 46’’

2) Sofa set

3)  Dining set

4) Kitchen set

 

All above in 2015 budget… Hhahahaha….  Byeee….

House Progress…

Just went back from project site… So far so good the progress… Here the photos taken;

 

 

 

Hopefully, the project will be completed on date…

Unpaid Site Visit

Wah… Today just been at “Taman Kulim Utama” to see the  development progress…as mentioned by the developer the development will be completed in Mid year 2012… Let’s pray for it… Huhu….. Let’s see the progress….

 

Here the house… Just a Semi-D type…

 

Some free space… Not my lot

Yeah… Here my lot area… Around 80% complete… Road still in progress…

Here exactly my house soon…This land elevation a little bit high here… haah

 

Free space…

 

“Belakang rumah”… no road here…

 

“Belakang rumah” lagi

 

Side… Extra door here…

 

Master room…

 

Another toilet…

 

Kitchen… Still waiting for CABINET….

 

Living room…

Alhamdulillah : House settled

 

Praise to Allah… Just completed all the documents.  It’s nearly 2 months to complete all the required documents…

Firstly, for the new house buyer here the tips you may use if you plan to buy a House… It’s a little bit headache for me to buy this house….

1. Find out the correct developer and compare with other developers. Make sure you get the lower price. I got house with 35x80 with such a promising price
2. Then, look for any finance institutions based on you need.  Check all the interest rates and any other benefits the institution will be provided soon.
3. Next, pay the booking deposit. It’s vary from each developer. Some developer charge you up to THOUSAND ringgit. A project under SPNB charge you RM250 only. 

 

Here we go. On September 15, 2011 I went to SHOW ROOM to see any competitive price will be provided by the developer. Since, I preferred to stay around <10km to my workplace .   So, I prepared all the required documents (3 months Pay slips, EPF, IC, Employment status). That all! Since, I asked the agent to find out the “BANK” for me. So, he sent all my details to “BANK BSN”, “BANK MUAMALAT”, “BANK CIMB”, BANK AWAM lol PUBLIC BANK”, and “MAYBANK”…. So, on subsequence week, I received a lot of calls seem like operator. THEY’ll call to explain the product offered from their bank. So for conclusion, MAYBANK is chose. Because

 

1. BANK BSN  - Sound promising. Zero Moving Cost.  Cover all the costs inclusive legal fee, insurance. So, margin amount they offered around 85%. Need to top up another 15% to my loan. In contrast, the interest rate quite high due to Zero Moving Cost.
2. BANK MUAMALAT – They failed to PERSUADE me… ahah… Actually, I received call one week later after acceptance letter offer from Maybank.
3. BANK CIMB – Not meet my requirements.
4. PUBLIC BANK – They try… but failed. Also give me 85% margin… haha…

 

The winner goes to MAYBANK… .since they provide 90% margin and fast processing. Around 1 week to receive loan agreement. Loan details

Loan type : Home Equity-i (Not i-Home Equity, later Apple sue Maybank… )

Why : Coz, this loan based on Musharakah Mutanaqisah partnership. So, bank owns certain % in this property, and will be decreased over the time.

So, for your info in Islamic financing; There are 3 types

1. Murabaha/ Bai’ Bithaman Ajil (BBA) – Bank buy house from developer and sell back to you. This call “AKAD” so you agree with the amount will be borne to you… You may find out this type of financing in CAR loan.
2. Istisna – bank will continuously pay to developer until the project complete. Local bank still not provided this thing. International bank like Kuwait Finance House offers this. Check it out!
3. Musharakah Mutanaqisah – partnership. Bank xx%, you xx%.

 

So, make yourself comfortable with all those things…