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OCBC Home LoanOCBC Bank (Malaysia) Berhad

For Mega Harta

Real Estate Agency

Presented by Frankie Ng

21st July 2008

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Agenda

• Product• Types of Property Financing

Financing Purpose

• Margin of Finance• Loan Tenure• Home Loan Pricing Package• Fees by borrower / bank• Features• Documents required from borrower• Agent Referral Scheme• Q&A

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Product

Housing Loan• A fixed term facility. • Purpose: to purchase/refinance residential properties.• Repayment mode is in fixed monthly installment.

Overdraft• Revolving credit facility. • Purpose: Purchase/Refinance residential properties, and thereafter for

personal use.• Repayment mode is by way of servicing interest, and interest is only

charged on OD amount utilized.

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Application process flowLoan 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 $$$

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Type of Property Financing

Landed

• Detached / Bungalow

• Semi-detached

• Terrace / Linked house

Non-Landed

• Condominium/Service Apartment/Apartment

• Townhouse

• Flat

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Financing Purpose

• New Property Purchase

• Sub-sale

• Refinancing

• Land & Construction

• Special Housing Loan Scheme (property value < RM100K)

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Margin of Finance (MOF)

• Locals: Up to 100% financing

(90% + 10% Home Xtra or MRTA )

• Foreigners: Ranges from 60% to 90%

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Loan Tenure

LOCALS• Up to 30 years or reaching age 65, whichever is earlier

FOREIGNERS• Up to 20 years or reaching age 65, whichever is earlier

GRADUATED HOME LOAN• Up to 40 years or reaching age 70, whichever is earlier• GRAD-HL Bonus Features*

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Home Xtra

• Additional loan ABOVE the Housing Loan (Up to 8x of net income or RM100,000 or HL + Home Xtra MOA up to

100%, whichever is lower)• No proof of loan purpose required• Save on interest payable with Home Xtra (compared to Personal Loan or

Credit card). • Additional loan at no extra cost to borrower• No processing fee • No valuation report required.• One time approval process together with housing loan application• Loan amount disbursed directly to borrower’s accounts upon full

drawdown of housing loan

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OCBC Home Loan Pricing Package

i) Variable Rate

• BLR (i.e BLR-2.25%)

• Single Tier

• Multi Tier

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Fees paid by Borrower / Bank

• Sales & Purchase Agreement• Legal Fees & Stamp Duty• Valuation fees

A) “Fees paid by Borrower” package• Borrower pays for legal fees/stamp duty/valuation fees.

B) “Fees paid by Bank” package• Bank will pay for legal fees/stamp duty/ valuation fees.

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Features

Advance Installment & Capital Repayment

• No restriction on extra payments / payment frequency

• No notice is required.

• No penalty will be charged.

• Daily Rest• Extra fund paid in as Capital Repayment can be redrawn

• Advance Installment is treated as non redrawable prepayment .

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Features

Other features

• MRTA is not compulsory• Lock in period: 5 years from date of First Drawdown• Redraw feature: no limit on number of redraw per

month• Monthly installment

14 days grace, whereby market practice are giving 7 days. Fixed amount every month (despite BLR changes) Service interest, or start installment right after first disbursement

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Documents Required From Borrower

• NRIC/ Passport (for foreigners)

• S&P / Booking Receipt

• Title Deed

• Company registration, i.e. form 9, 24 & 49 (if self employed)

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Income Docs:-

• For employed

1. 3 months payslip

2. 3 months bank statement or EPF statement

3. Form BE/B with tax receipt

4. EA form

5. Stamped tenancy agreement

• For self employed

1. Form B with tax receipt

2. 8 months bank statements

3. Stamped tenancy agreement

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Agent Referral Scheme

Sub-Sale

• 0.1% of loan amount

Under-Construction

• 0.08% of loan amount

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Mortgage SalesTeam Members

• Chloe Chin 012 – 393 1384

• Frankie Ng 012 – 696 5190

• Vernise Phuan 016 – 629 9529

• John Cheong 012 – 719 2268

• Caleb Chin 012 – 642 9037

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Q&A

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Thank You