Malaysia Building Society Bhd » Collecting the Keys and Moving In

Collecting The Keys And Moving In

Completed Property
When the SPA has been signed between the buyer and the seller and the money has been fully released to the seller, you can collect the keys to the property a date is set for you to move into the property.
Property Under Construction
For property under construction, money will be released progressively to the developer according to the stages of completion. When the purchase price has been fully released to the developer and when the Certificate Of Fitness (COF) has been issued by the relevant authority, you can collect the keys of the property from the developer and take possession of the property.

When Will My Monthly Payment Be Due?
Housing Loan payments are due on the last day of each month. Your first monthly payment is an interest-only payment and the amount will depend on the date that the mortgage started during the month.

Your monthly housing loan payment will change when the interest rate changes on your account.

How Is Interest Calculated?
We calculate interest on a monthly basis and charge the interest to your account each month.

How Do I Make My Monthly Payment?
You can normally pay by:

Direct Debit
Standing Order
Calling at any MBSB branch and paying by cash or cheque
BSN / GIRO

Do I Get A Statement Of My Account?
Yes, at the end of each year we send you a statement showing the interest and any other items which may have been added, the payments you have made and the amount you still have to pay.

	Collecting The Keys And Moving In Completed Property When the SPA has been signed between the buyer and the seller and the money has been fully released to the seller, you can collect the keys to the property a date is set for you to move into the property. Property Under Construction For property under construction, money will be released progressively to the developer according to the stages of completion. When the purchase price has been fully released to the developer and when the Certificate Of Fitness (COF) has been issued by the relevant authority, you can collect the keys of the property from the developer and take possession of the property. When Will My Monthly Payment Be Due? Housing Loan payments are due on the last day of each month. Your first monthly payment is an interest-only payment and the amount will depend on the date that the mortgage started during the month. Your monthly housing loan payment will change when the interest rate changes on your account. How Is Interest Calculated? We calculate interest on a monthly basis and charge the interest to your account each month. How Do I Make My Monthly Payment? You can normally pay by: Direct Debit Standing Order Calling at any MBSB branch and paying by cash or cheque BSN / GIRO Do I Get A Statement Of My Account? Yes, at the end of each year we send you a statement showing the interest and any other items which may have been added, the payments you have made and the amount you still have to pay. Back to top © 2008 www.mbsb.com.my. All Rights Reserved.