OCBC Bank BM Branch Promotion

OCBC Bank Bukit Mertajam Branch has recently moved to new location due to the construction of a flyover near the old location that made it not easily accessible by customers. In conjunction with the new and improved branch, OCBC Bank is offering exclusive promotions and gifts at BM Branch.

The campaign started on 15th January and ends on 29th March 2013. Let's have a look at the details of the promotion:

a) Fixed Deposit Surprises:

No	Promotion	FD Tenure	Interest Rate	Eligibility
1	Standalone FD	1st: 3-month	4.00% p.a.	Min RM 5000 deposit and max RM 1000000 placement
		2nd: 3-month	2.85% p.a.
2	Safe Deposit Box	3-month	4.00% p.a.	Sign up for Safe Deposit Box. Min RM 5000 placement and max RM 20000 deposit.

b) More Surprises:

No	Promotion	Offers
1	Home Loan Surprise	Up to 130% with Renovation & Refurbishment Financing Free gift upon loan application with full documents* Exclusive gift upon loan acceptance*
2	Fun Surprise	Exclusive mystery gift with any product sign up*

*While stocks last

Visit and join OCBC for a fun-filled celebration. The location of the new branch is as follows.

Skim Rumah Pertamaku

Skim Rumah Pertamaku was first announced in Malaysia 2011 Budget to assist young Malaysians who are below 35 years old to own their first house that costs not more than RM220 000. Under the scheme, they can get 100% loan from banks, inclusive of the 10% down payment which is guaranteed by Cagamas. The maximum mortgage amount was then adjusted to RM400 000 under 2012 Budget.

To date, there is 0 approved cases for this scheme by banks as banks have to assess the credibility and financial status of applicants. However, MBSB has come up with a mortgage product in conjunction with my first home scheme. What is MBSB? Malaysia Building Society Berhad (MBSB) is not a bank. It is a financial provider that is active in personal loan and mortgage.

Below are details of my first home buyer scheme offered by MBSB:

1. 100% margin (105% inclusive of incidental costs)
2. Mortgage up to RM500 000
3. 0 entry cost

Eligibility:

1. First home buyer.
2. Malaysian who is 35 years old and below.
3. Employed under the same company for at least 6 months.
4. For own residential use only.