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0 Introduction

Manor Born The Dales at Tambun Road is a posh residential development in Jalan
Tambun, Ipoh, set against a backdrop of magnificent hills. I have been decided to buy this house
which is costing RM 800,000.00. Founded in 2001, it has matured over time, with the financial
component of the high-end development being the 18 units of Manor Born bungalows, completed
in late 2017. With features like its own 6-tier security system comprising perimeter fencing, a
guardhouse with barrier gates, security patrols, card access, CCTVs and alarms which are safety
to my family. The bungalows are also designed with internal courtyard gardens, 3 living halls, 2
kitchens, 2 powder rooms, 8 washrooms and 6 en-suite bedrooms. The Dales is situated alongside
the North-South Expressway, about 5-minutes away from the Ipoh exit and less than 10 minutes
from the business centers of Greentown, Taman Ipoh Selatan and Bandar Baru Medan Ipoh so this
makes easy for residents to get major amenities.

Therefore, to buy the house which is cost RM 800,000.00 I have made a loan but before I
make a loan I need to compare from different bank that offer lower interest rate so that I can afford
to pay in monthly. There are 3 types of bank that I choose to make a loan which are Hong Leong
Bank, Maybank and RHB.

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2.0 Financing Term

Bank Maybank Hong Leong Bank RHB

Financing 95% 90% 80%
Tenure 30 years 30 years 30 years
Interest rate + 6.65% 6.79% 6.60%
Base lending
rate

3.0 Calculation

Maybank

A = P (A/P,i%,N)
P = 95%/100%(RM 800,000) = RM 760,000
N = 30 years × 12 months = 360 months
I = 6.65% / 12 = 0.554 @ ½
A = RM 760,000 (A/P, ½%, 360)
A = RM 760,000 (0.0050)
A = RM 3800 per month.

Hong Leong

A = P (A/P,i%,N)
P = 90%/100%(RM 800,000) = RM 720,000
N = 30 years × 12 months = 360 months

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 I = 6.79% / 12 = 0.565 @ ½
A = RM 720,000 (A/P, ½%, 360)
A = RM 720,000 (0.0050)
A = RM 3600 per month.

RHB
A = P (A/P,i%,N)
P = 80%/100%(RM 800,000) = RM 640,000
N = 30 years × 12 months = 360 months
I = 6.60% / 12 = 0.55 @ ½
A = RM 640,000 (A/P, ½%, 360)
A = RM 640,000 (0.0050)
A = RM 3200 per month.

4.0 Conclusion

Therefore, I will choose RHB bank because I will pay RM 3200 per month so I need to use
my own money to cover up 20% from the exact amount of house which is RM 800,000.
Basically, the interest rate among three different banks not much noticeable but the loan
amount that can I get have a different percentage such as Maybank 95%, Hong Leong 90%
and RHB 80%. So, I can use my own KWSP or other alternatives to cover up 20% to get that
house and I can pay less per month.