OCBC Home Loan OCBC Bank (Malaysia) Berhad For  Mega Harta  Real Estate Agency     Presented by  Frankie Ng 21 st  July 2008
Agenda <ul><li>Product </li></ul><ul><li>Types of Property Financing </li></ul><ul><ul><li>Financing Purpose </li></ul></u...
Product <ul><li>Housing Loan </li></ul><ul><li>A  fixed  term facility.  </li></ul><ul><li>Purpose: to purchase/refinance ...
Application process flow Loan application Process loan  Loan approved  Issue Letter of Offer  Customer signed LO  Issue LI...
Type of Property Financing <ul><li>Landed  </li></ul><ul><li>Detached / Bungalow </li></ul><ul><li>Semi-detached </li></ul...
Financing Purpose <ul><li>New Property Purchase </li></ul><ul><li>Sub-sale </li></ul><ul><li>Refinancing </li></ul><ul><li...
Margin of Finance (MOF) <ul><li>Locals: Up to 100% financing  </li></ul><ul><li>(90% + 10% Home Xtra or MRTA ) </li></ul><...
Loan Tenure <ul><li>LOCALS </li></ul><ul><li>Up to  30 years  or reaching  age 65 , whichever is earlier </li></ul><ul><li...
Home Xtra <ul><li>Additional loan   ABOVE  the  Housing Loan   </li></ul><ul><li>(Up to 8x of net income or  RM100,000  or...
OCBC Home Loan Pricing Package <ul><li>i) Variable Rate </li></ul><ul><li>BLR  (i.e BLR-2.25%) </li></ul><ul><li>Single Ti...
Fees paid by Borrower / Bank <ul><li>Sales & Purchase Agreement </li></ul><ul><li>Legal Fees & Stamp Duty </li></ul><ul><l...
Features <ul><li>Advance Installment & Capital Repayment </li></ul><ul><li>No restriction on  extra payments  / payment fr...
Features <ul><li>Other features </li></ul><ul><li>MRTA is not compulsory </li></ul><ul><li>Lock in period: 5 years from da...
Documents Required From Borrower <ul><li>NRIC/  Passport (for foreigners) </li></ul><ul><li>S&P / Booking Receipt </li></u...
Income Docs:- <ul><li>For employed </li></ul><ul><li>3 months payslip </li></ul><ul><li>3 months bank statement or EPF sta...
Agent Referral Scheme <ul><li>Sub-Sale </li></ul><ul><li>0.1%  of loan amount </li></ul><ul><li>Under-Construction </li></...
Mortgage Sales Team Members <ul><li>Chloe Chin  012 – 393 1384 </li></ul><ul><li>Frankie Ng  012 – 696 5190 </li></ul><ul>...
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Ocbc Presentation

  1. 1. OCBC Home Loan OCBC Bank (Malaysia) Berhad For Mega Harta Real Estate Agency Presented by Frankie Ng 21 st July 2008
  2. 2. Agenda <ul><li>Product </li></ul><ul><li>Types of Property Financing </li></ul><ul><ul><li>Financing Purpose </li></ul></ul><ul><li>Margin of Finance </li></ul><ul><li>Loan Tenure </li></ul><ul><li>Home Loan Pricing Package </li></ul><ul><li>Fees by borrower / bank </li></ul><ul><li>Features </li></ul><ul><li>Documents required from borrower </li></ul><ul><li>Agent Referral Scheme </li></ul><ul><li>Q&A </li></ul>
  3. 3. Product <ul><li>Housing Loan </li></ul><ul><li>A fixed term facility. </li></ul><ul><li>Purpose: to purchase/refinance residential properties. </li></ul><ul><li>Repayment mode is in fixed monthly installment. </li></ul><ul><li>Overdraft </li></ul><ul><li>Revolving credit facility. </li></ul><ul><li>Purpose: Purchase/Refinance residential properties, and thereafter for personal use . </li></ul><ul><li>Repayment mode is by way of servicing interest, and interest is only charged on OD amount utilized. </li></ul>
  4. 4. Application process flow Loan application Process loan Loan approved Issue Letter of Offer Customer signed LO Issue LI & Loan Documentation Obtained Application form + supporting doc from customer Mortgage Sales Executive to process loan Release Loan $$$
  5. 5. Type of Property Financing <ul><li>Landed </li></ul><ul><li>Detached / Bungalow </li></ul><ul><li>Semi-detached </li></ul><ul><li>Terrace / Linked house </li></ul><ul><li>Non-Landed </li></ul><ul><li>Condominium/Service Apartment/Apartment </li></ul><ul><li>Townhouse </li></ul><ul><li>Flat </li></ul>
  6. 6. Financing Purpose <ul><li>New Property Purchase </li></ul><ul><li>Sub-sale </li></ul><ul><li>Refinancing </li></ul><ul><li>Land & Construction </li></ul><ul><li>Special Housing Loan Scheme (property value < RM100K) </li></ul>
  7. 7. Margin of Finance (MOF) <ul><li>Locals: Up to 100% financing </li></ul><ul><li>(90% + 10% Home Xtra or MRTA ) </li></ul><ul><li>Foreigners: Ranges from 60% to 90% </li></ul>
  8. 8. Loan Tenure <ul><li>LOCALS </li></ul><ul><li>Up to 30 years or reaching age 65 , whichever is earlier </li></ul><ul><li>FOREIGNERS </li></ul><ul><li>Up to 20 years or reaching age 65 , whichever is earlier </li></ul><ul><li>GRADUATED HOME LOAN </li></ul><ul><li>Up to 40 years or reaching age 70 , whichever is earlier </li></ul><ul><li>GRAD-HL Bonus Features* </li></ul>
  9. 9. Home Xtra <ul><li>Additional loan ABOVE the Housing Loan </li></ul><ul><li>(Up to 8x of net income or RM100,000 or HL + Home Xtra MOA up to 100%, whichever is lower) </li></ul><ul><li>No proof of loan purpose required </li></ul><ul><li>Save on interest payable with Home Xtra (compared to Personal Loan or Credit card). </li></ul><ul><li>Additional loan at no extra cost to borrower </li></ul><ul><li>No processing fee </li></ul><ul><li>No valuation report required. </li></ul><ul><li>One time approval process together with housing loan application </li></ul><ul><li>Loan amount disbursed directly to borrower’s accounts upon full drawdown of housing loan </li></ul>
  10. 10. OCBC Home Loan Pricing Package <ul><li>i) Variable Rate </li></ul><ul><li>BLR (i.e BLR-2.25%) </li></ul><ul><li>Single Tier </li></ul><ul><li>Multi Tier </li></ul>
  11. 11. Fees paid by Borrower / Bank <ul><li>Sales & Purchase Agreement </li></ul><ul><li>Legal Fees & Stamp Duty </li></ul><ul><li>Valuation fees </li></ul><ul><li>A) “Fees paid by Borrower” package </li></ul><ul><li>Borrower pays for legal fees/stamp duty/valuation fees. </li></ul><ul><li>B) “Fees paid by Bank” package </li></ul><ul><li>Bank will pay for legal fees/stamp duty/ valuation fees. </li></ul>
  12. 12. Features <ul><li>Advance Installment & Capital Repayment </li></ul><ul><li>No restriction on extra payments / payment frequency </li></ul><ul><li>No notice is required. </li></ul><ul><li>No penalty will be charged. </li></ul><ul><li>Daily Rest </li></ul><ul><li>Extra fund paid in as Capital Repayment can be redrawn </li></ul><ul><li>Advance Installment is treated as non redrawable prepayment . </li></ul>
  13. 13. Features <ul><li>Other features </li></ul><ul><li>MRTA is not compulsory </li></ul><ul><li>Lock in period: 5 years from date of First Drawdown </li></ul><ul><li>Redraw feature: no limit on number of redraw per month </li></ul><ul><li>Monthly installment </li></ul><ul><ul><li>14 days grace, whereby market practice are giving 7 days. </li></ul></ul><ul><ul><li>Fixed amount every month (despite BLR changes) </li></ul></ul><ul><ul><li>Service interest, or start installment right after first disbursement </li></ul></ul>
  14. 14. Documents Required From Borrower <ul><li>NRIC/ Passport (for foreigners) </li></ul><ul><li>S&P / Booking Receipt </li></ul><ul><li>Title Deed </li></ul><ul><li>Company registration, i.e. form 9, 24 & 49 (if self employed) </li></ul>
  15. 15. Income Docs:- <ul><li>For employed </li></ul><ul><li>3 months payslip </li></ul><ul><li>3 months bank statement or EPF statement </li></ul><ul><li>Form BE/B with tax receipt </li></ul><ul><li>EA form </li></ul><ul><li>Stamped tenancy agreement </li></ul><ul><li>For self employed </li></ul><ul><li>Form B with tax receipt </li></ul><ul><li>8 months bank statements </li></ul><ul><li>Stamped tenancy agreement </li></ul>
  16. 16. Agent Referral Scheme <ul><li>Sub-Sale </li></ul><ul><li>0.1% of loan amount </li></ul><ul><li>Under-Construction </li></ul><ul><li>0.08% of loan amount </li></ul>
  17. 17. Mortgage Sales Team Members <ul><li>Chloe Chin 012 – 393 1384 </li></ul><ul><li>Frankie Ng 012 – 696 5190 </li></ul><ul><li>Vernise Phuan 016 – 629 9529 </li></ul><ul><li>John Cheong 012 – 719 2268 </li></ul><ul><li>Caleb Chin 012 – 642 9037 </li></ul>
  18. 18. Q&A
  19. 19. Thank You

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