@Yonglip: Thank you for your explanation. I think you might be right...but somehow i have not arrived at equilibrium with this yet. Thanks bro!
Btw, have you actually tried this out? Are they willing to loan you at 0% as you have described? Like that the bank confirm tan-bo-jiak! LOL
Good for us then!
sorry bro..miss this post earlier..banks will not tan bo jiak due to 2 basic assumptions...
1. not everyone has so much idle cash to achieve 100% offset...To m'sians especially, we are talking close to half a million RM cash...for us its more palatable cos we are talking about just around 200K Sing...so they will earn from partial offsets.
2. Also even tho it is 100% offset, they know people will draw down if they need cash...so it becomes partial offset again.
Confirm 100% offset can...check and double check...many banks in M'sia offer this...of course there is no stopping them in the future to reduce the offset ratio...from present 100% to less than that..maybe 70%....This is what happened in Sing..cheers.