Loan Comparison

When I visit any property launch, I am always surrounded by many bankers' loan sales guys trying to promote their packages.

Nowadays there are just so many options to choose from.

Some have lower interest rate for the first x number of years, but subsequent years with higher interest rate. Some have to be tied up for a particular year, and if you dispose the property before the contracted tenure you will need to pay a fee of x% total loan amount.

Some gives free gifts like portable DVD player or lottery tickets. Some gives a chance to win a home makeover, a MyVi car, or even lucky draw for another property.

They all come in different combinations of benefits and conditions, like different rates for initial and subsequent years, different x number of years, etc. This actually make it very difficult for us to compare them and decide which one is best for our needs.

If you live in UK, then you can compare UK loans online, without having to deal with any agents.

I am now considering my company's home loan package. I am thinking to concert my current loan to the company, to get some interest subsidy. Hopefully this saves me some interest fee.

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