BLR, MLR, KLIBOR, islamic?, some varieties but how they are related?
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 Sep 8 2009, 11:38 PM
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#1
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Junior Member
47 posts Joined: Aug 2009 
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Comparison between BLR and KLIBOR
http://moneysospecial.com/mortgage-loan/blr-vs-klibor/ Review for MLR offer by OCBC http://moneysospecial.com/mortgage-loan/ocbc-ideal-mortgage/ |
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Sep 9 2009, 12:49 AM
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#2
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Junior Member
47 posts Joined: Aug 2009
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Thanks, you did a good review as well.
I do agree with you that the gap is bigger now so the KLIBOR package looks more attractive. But when the gap become smaller, KLIBOR package actually cost higher. About the penalty(which mostly happen to investor), as mentioned in the MLR blog, there’s one alternative to avoid penalty.  |
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Sep 12 2009, 12:36 AM
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#3
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Junior Member
47 posts Joined: Aug 2009
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QUOTE(b00n @ Sep 11 2009, 01:48 PM) MLR that OCBC used is actually based on their KLIBOR rate. It's just another acronym. Are you confirmed the MLR is based on KLIBOR rate instead of OPR/BLR or other benchmark as the calculation was not made to public?  Because the KLIBOR rate is big different to MLR rate and I don't is the same. KLIBOR = 2.13 % MLR = 4.70% |
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Sep 14 2009, 09:39 PM
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#4
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Junior Member
47 posts Joined: Aug 2009
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Maybe the calculation is the myth.
But from the OCBC agent, BLR is calculated based on OPR, bank cost of funding, bank business cost MLR is calculated based on OPR, mortgage cost of funding, mortgage business cost http://cforum2.cari.com.my/viewthread.php?...e=1#pid62202223 |
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Sep 25 2009, 11:51 PM
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#5
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Junior Member
47 posts Joined: Aug 2009
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QUOTE(novabankinghall @ Sep 14 2009, 10:35 PM) KLIBOR based mortgage - this is proved to be a failure product in Hong Kong. KLIBOR based products fluctuate too high compare to BLR. The difference btw KLIBOR and BLR based loan is not justifiable considering investor is taking more risk into taking a KLIBOR based products which has more uncertainty. Thanks. You make a very good point here. Islamic mortgage - There is no prepayment allowed. Don't believe me? Ask them to show you the amortization table. Dunno what is amortization? Google is your best friend. MLR - no comment. Added on September 14, 2009, 10:36 pmKLIBOR based mortgage - this is proved to be a failure product in Hong Kong. KLIBOR based products fluctuate too high compare to BLR. The difference btw KLIBOR and BLR based loan is not justifiable considering investor is taking more risk into taking a KLIBOR based products which has more uncertainty. Islamic mortgage - There is no prepayment allowed. Don't believe me? Ask them to show you the amortization table. Dunno what is amortization? Google is your best friend. MLR - no comment.  |
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Oct 17 2009, 10:46 PM
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#6
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Junior Member
47 posts Joined: Aug 2009
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QUOTE(noed18 @ Oct 16 2009, 07:13 PM) Thanks for the updates. The package still remain same, MLR - 1.3%, which is 3.1% p.a.So what is the offer by OCBC now? when it was 4.7%, can do minus 1.2%? now 4.4% do minus 0.9% ?? |
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