Hi,

Welcome to discuss the BLR after three years. Does it increase or decrease recently? I would like to gather this info for my research. Thx.

This is my case study: Property under construction

Situation 1

MOF: 90% of (Property value-RM100K)
Interest reate: BLR- 1.8 (Whole tenure)
MRTA: No
Downpayment: RM10,000
Lock in period: 5 years, 3% penalty on the loan amount
Legal fees: No

Total payment for the first three years: Dunno how to calculate
Situation 2
MOF: 100% of (Property value-RM100K)
Interest reate: 2% for first year, BLR+0 for 2nd year thereafter BLR+ 0.5 for the whole tenure
MRTA: Yes
Downpayment: No
Lock in period: No
Legal fees: Yes

Total payment for the first three years: Dunno how to calculate

Kindly help me to calculate the amount need to pay for the first three years. Which offer is better? Can be refinance after three years? Why?

Plz give advice. Thx.