The high court rule that the  maximum to be charged on the credit card holder who has lost his credit card is RM200. In  early June, the lawyer told Malaysian Insider that Diana Chee Vun Hsia has reported the lost of the credit card a day after theft that has happened to her to the bank. Citibank informed her that RM1851 has been charged to the credit before the lost report, therefore she has to be responsible for the payment as she did not report the incident within an hour.

The high court ruled that according to Bank Negara guidelines, the maximum that credit card companies can charge a card holder is RM200, regardless of any company policy. Justice Datuk Mohamed Apandi Ali said the Bank Negara guidelines have the force of law.

Properties, stocks and etc becomes more affordable with the current economic outlookwhich is far from rosy. Worldwide interest rates have been cut, for instance Malaysia with the overnight policy rate revised with the reduction of 150 basis point in just four months. Most banks offer base lending rate (BLR) at 5.55% now. Thus, it’s a good time to refinance.

Check out for the offers from various banks focusing on the interest rates, packages available, terms and conditions involved, and hidden charges. Given that most banks offer the almost similar interest rates, look out for their services whether it is customer friendly, their internet banking facilties, and any other added value services.

Zero moving cost could make you saving upfront fees such as stamping, legal and valuation fees and instead using it for home furnishing. But a word of caution, always look out for long term interest savings as the bank tends to charge you higher interest when they offer zero moving cost loans.

A fixed rate home loan suits customers who are less tolerant to interest rate fluctuation. Basically, these people wanted a fixed amount for the whole tenure to help them to plan for their finances better. These loaners will not benefit from the dips in BLR. Most people now actually prefer floating rate as they predict further drop in OPR. Even if it goes up, it will not be a drastic increment too.

Thumbs up for the flexibility offered by flexi loan that allows you to offset the interest rate when you have additional funds on hand. You can prepay an amount you want and withdraw any amount you have preaid. A true full flexi loan features a current account and works like the overdraft. The withdrawals can be made via cheques. The interest rate charges will only be based on the net outstanding fund. Flexibility always comes with a price. Some banks may quote higher interest rates for flexi loans.

House owners may sometimes find searching for suitable loans in town too hectic and time consuming. You may also find it hard to allocate time surveying espcially during office hour. No more worries as we are here to provide you with free mortgage services as we deliver the best loans from any banks to your door steps. Free consultation on various products offered by different banks, with time saved, you make better comparison with the best decission. We prepare, propose, discuss, and compare with you. Feel free to call for mortgage consultation.

June  0125161563

Property investment is no magic wonders, it is just inflation vs time. Be a contrarian by buying during a property market crisis and selling during the boom time.

• It is very important to purchase your property in the right location preferably near the direction of growth.
• With the strong Chinese belief, chose a location with good fengshui and neighbourhood.
• Rather than venturing into a completely alien market, the success factor will be higher if you buy in a familiar locality.
• Take up loans with the highest tenure in order to be able to diversify into other potential properties.
• Be sensitive to bargain buys especially those which were sold 20% below the market price. Take note on the Malaysia’s property market cycle of 13years.
• To avoid unnecessary complications, one should ensure the property can be easily financed and transferred.
• A successful property investor must have a holistic property investment plan for the children’s education, retirement and a balanced life.
• It is essential to have a personal strategic property investment plan that takes into consideration one’s age, current financial status, current stage of the property cycle, possible economic scenarios, viable investment strategies, and personal vision and goals for the development of one’s own 20-year property investment strategy plan.