Archive for December 2012

Loan for vacant land.

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We've surveyed some banks for their loan facility for vacant land and here is what we know so far.. NA for banks that are not offering any loans for vacant residential land:

Hong Leong Bank
NA

Bank Islam
NA

HSBC
NA

Maybank
60% MOF
-1.4 BLR
Must settle within 10 years

RHB Bank
70-80% MOF
-1.xx BLR

Bank Rakyat
80% MOF
-1.xx BLR
They prefer you apply from nearest branch to the land.

CIMB
85 + 5% MOF
-2.00 BLR