Salam Abang Aziz dan rakan2 sekalian. Saya terjumpa artikel tentang consolidation hutang2 PL and HP kepada HL yang dioffer oleh Citibank melalui blog Paultan. Minta pendapat.Adakah HL ini termasuk dalam Tier 1 Bank untuk program AJIT kita juga?
Citibank: Combine your Home Loan and your Car Loan to save interest June 14, 2011 at 1:13 pm By Paul Tan Filed Under Advertorial, Cars Advertisement
Did you know that you can consolidate your car hire purchase loan and any other loans you have under your Citibank Home Loan?
For example, say you have a home loan of RM300,000 with a current interest rate of 5%, a car loan of RM100,000 with a current interest rate of 3%, and a personal loan of RM20,000 at an interest rate of 15%. FACILITY HOUSING LOAN CAR LOAN PERSONAL LOAN TOTAL Loan Amount (RM) 300,000.00 100,000.00 20,000.00 420,000.00 Interest Rate 5% 3% 15% Loan Tenure (mth) 120 84 60 Loan Instalment (RM) 3,181.97 1,440.48 475.80 5,098.24 Total Payback (RM) 381,835.85 121,000.00 28,547.92 531,383.77
You can consolidate all your debts under your home loan with Citibank’s Flexi Home Loan. Let’s see the difference in repayments after consolidation and a lower interest rate of 4.2%. FACILITY HOME LOAN NEW Loan Amount 420,000.00 Interest Rate 4.2% Loan Tenure (mth) 120 Loan Instalment (RM) 4,292.33 Total Payback (RM) 515,079.81 Savings (RM) 16,303.96
As you can see, in this situation you’ll end up with a cashflow savings of RM805.91. That’s quite a bit of money. If you plough that back into your repayments to match your original RM5,098.24 monthly repayments, you can cut down your loan length of 120 months to just 97 months – that’s almost two years saved, which results in even more interest savings. Current Loan Instalment (RM) 4,292.33 Extra Monthly Payment from your Cash Flow Savings (RM) 805.91 NEW Loan Installment (RM) 5,098.24 Original Loan Tenure (mth) 120 New Loan Tenure (mth) 97 No. of months saved 23 Total Payback (RM) 496,339.31 Original Payback (RM) 531,383.77 Total Savings (RM) 35,044.46
In the end, compared with your original total repayment amount of RM531,383.77, you’ve cut it down to RM496,339.31 while maintaining the same amount of repayment monthly. That’s a savings of RM35,044.46. Or you can take advantage of the extra cashflow each month and still save about RM16,303.96 by paying back RM515,079.81.
Make an appointment with a Citibank Home Loan Specialist now to find out more, and there’s even a promotion right now where with each consultation session, you’ll get a free car wash. Terms & conditions apply.
Figures quoted above are for illustration purposes only.
The loan approval is subject to the Bank’s credit review.
The rates on this loan may change according to the changes in Base Lending Rate (BLR).
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