If you are the first-time home buyer, this is the question you are thinking about. Do you know how many property loans that available in Malaysia? Which type of property loan suits you? No worries, in WMA Property - Malaysia Property Investment Blog, we will clear your doubts on this topic.
① Loan with Fixed Interest rate
This is the common term loan in Malaysia which have a fixed interest rate throughout the loan tenure.
② Loan with Floating Rate
This term loan is based on a reference rate such as BLR, BFR, OPR and KLIBOR that could change over the duration of the loan tenure.
③ Overdrafts (OD)
Overdraft is a line of credit and accessed through a current account with no fixed monthly repayment.
④ Combination of Loan and Overdraft
You can get the lower interest costs and enjoy the flexibility at the same time by combination of both loans and overdraft.
To read more details about this topic, visit http://wmaproperty.com/blog/what-are-the-property-loans-that-applicable-in-malaysia/
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