Home Loan Refinancing in Malaysia: Benefits and Savings

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Refinance your home loan to save more money

This is a very simple concept and practise to always refinance your home loan for better package when it is available. In Malaysia, foreign banks are moving in and you should expect more and more competitive mortgage offer available to you. Banks only make profit after a few years you pay the installment because they need to recoup the acquisition cost at initlal years.

You will find all the relevant resources and articles about mortgage refinancing in Malaysia 

Benefit of REFINANCING 

  1. Lower the installment payment
  2. Debt Consolidation
  3. Using the Existing Equity in the Home
  4. Shorten mortgage term
  5. Combine a first and second mortgage
  6. Reduce the interest you pay over the life of the loan
  7. Switch from a variable to a fixed rate (or vice versa)

Malaysia Bank Customer Service Call Center 

You can check the status, interest rate, tenure, outstanding loan and other details of your home loan by calling your servicing bank call center

* AmBank 03-2178 8888
* AIA 03-2056 3207
* Alliance Bank 03-5516 9000
* CIMB Bank 1300 88 0900
* Citibank 03-2383 0000
* EON Bank 03-2148 8077
* HSBC 03-2050 7878
* Hong Leong Bank - 03-7626 8899
* Maybank 1300-88-6688
* OCBC 1300-88-5000
* Public Bank 03-2176 6000
* RHB Bank 1800-88-9922
* Standard Chartered Bank 03-7711 8888
* United Overseas Bank 03-2612 8121

Great Stuff on Amazon 

Mortgages 101: Quick Answers to Over 250 Critical Questions About Your Home Loan

Mortgages 101: Quick Answers to Over 250 Critical Questions About Your Home Loan

by: David Reed

Amazon Price: $11.53 (as of 07/09/2009) Buy Now

How to Buy a Home With No or Poor Credit

How to Buy a Home With No or Poor Credit

by: Thomas K. Masters

Amazon Price: $21.15 (as of 07/09/2009) Buy Now

The Complete Loan Modification Guide (Home Edition Kit-Handbook, DVD, CD & Bonus Materials)

The Complete Loan Modification Guide (Home Edition Kit-Handbook, DVD, CD & Bonus Materials)

by: Susan Gregory

Amazon Price: (as of 07/09/2009) Buy Now

More Personal Finance Money Tips 

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Reader Feedback 

You are most welcomed to post any question regarding refinancing home loan in Malaysia

Lensmaster

Husni wrote

I can always assist for your Home refinancing with low interest rate and speedy approval. Anyone, feel free to call me at 0192585511. Get an Islamic Financing for a cheaper and transparent deals.

Reply Posted June 16, 2009

Lensmaster

NorthShoreFunding

[in reply to ] sorry about this.. might have sent the same comment twice.

ReplyPosted June 05, 2009

Lensmaster

wrote

I would agree to that. In NY, we have this bad credit refinancing loans which actually proves the people with better options, and i wonder if they also have it here in Malaysia. It would be good though.

Reply Posted June 05, 2009

Lensmaster

wrote

I would agree to that. In NY, we have this bad credit refinancing loans which actually proves the people with better options, and i wonder if they also have it here in Malaysia. It would be good though.

Reply Posted June 05, 2009

Lensmaster

Mamamia123

The benefits to home loan refinancing are very similar to the benefits of business refinanceing. Both are a good idea if you are paying over 7% interest.

ReplyPosted May 24, 2008