which finance package

[joepow]

Keep the orginal receipt from bank..and pass to IR .
(The one bank posted to you.)
Wait roughly a month and IR will call you to collect your cheque.
I usually collect 2-3 then only claim, save my trip to IR.

[Bryan]

For my package, I will entitle for the interest wavier after 1 yr from loan agreement. So, question:

1. If my loan agreement is date on 15, how to calculate the interest? Bank charge me from 1st to last day of the month. Propotional?

2. Is this apply to any bank, any loan package? I forgot whether CIMB is their panel bank or not.

3. Ideal Homes will pay according to the amount on the bank receipt, or they will calculate by theri own and verify with the bank? My previous developer did this.

4. My 1 is flexi package. If I save some money in the current account (same bank), I can save some interest. If my actual interest is RM1K and I manage to save RM300 interest, will Ideal Homes pay me RM1K or RM700?

Thanks!

[clemis]

this maybe old news for some.

BLR now dropped to 6.50% starting from 1st of Dec 2008

saw it from CIMB web