is BLR going to rise or drop?, BLR
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 Feb 2 2010, 11:38 AM
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Junior Member
233 posts Joined: Mar 2006  
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QUOTE(ks98 @ Feb 2 2010, 09:35 AM) Again, this could be another unfavorable answer to you... the BLR discount rate will remain the same. In other words, you will have to pay more after BLR is increased. However, from time to time, you can request the bank to revise the rate provided you package is way too high as compare to current market and it's on the bank's discretion to approve your request. if bank approve, do we need to pay for another loan agreement legal fees? |
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Feb 2 2010, 07:51 PM
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Senior Member
774 posts Joined: May 2006 From: Winterfell
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so if BLR + 1.5%. how many percent is it actually?
sorry. noob here  |
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Feb 3 2010, 12:22 AM
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Junior Member
314 posts Joined: Nov 2008
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QUOTE(isildur88 @ Feb 2 2010, 07:51 PM) so if BLR + 1.5%. how many percent is it actually? i guess u didnt state ur question properly, if possible, please give more detail about what u are trying to ask sorry. noob here  |
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Feb 3 2010, 03:11 AM
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Senior Member
774 posts Joined: May 2006 From: Winterfell
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what is the percentage of BLR? coz bank offering business loans BLR +1.5%
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Feb 3 2010, 03:21 AM
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Junior Member
154 posts Joined: Jan 2010
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5.5%
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Feb 3 2010, 03:59 PM
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Junior Member
149 posts Joined: May 2009 From: KL, PJ
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QUOTE(isildur88 @ Feb 3 2010, 03:11 AM) what is the percentage of BLR? coz bank offering business loans BLR +1.5% Most of the banks is using 5.55 for current BLR. |
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Feb 3 2010, 06:40 PM
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Senior Member
1,391 posts Joined: Jan 2003 From: KL, Malaysia
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1 more stupid question
what if the BLR drops do i pay lesser for my loan? or the amount still maintain? |
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Feb 3 2010, 07:33 PM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
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QUOTE(F1meteor @ Feb 3 2010, 06:40 PM) 1 more stupid question BLR drop you pay less interest, depending on how your loan is structured, usually you do pay less total amount.what if the BLR drops do i pay lesser for my loan? or the amount still maintain? |
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Feb 3 2010, 10:04 PM
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Junior Member
236 posts Joined: Oct 2005 From: K.L. 
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When BLR drop, the percentage of interest affecting your loan will drop lor.. So you will pay less..
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Feb 4 2010, 08:46 AM
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Junior Member
460 posts Joined: Jan 2009
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QUOTE(AbangCorp @ Feb 2 2010, 11:38 AM) if bank approve, do we need to pay for another loan agreement legal fees? no... there is no agreement to be signed... |
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Feb 4 2010, 09:24 AM
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Junior Member
314 posts Joined: Nov 2008
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is it normal for bank to do this? i mean would bank be very reluctant?
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Feb 4 2010, 09:58 AM
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Senior Member
1,133 posts Joined: Jan 2005 From: Bandar Puteri Puchong
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QUOTE(vdfoo @ Feb 4 2010, 09:24 AM) is it normal for bank to do this? i mean would bank be very reluctant? its BNM ruling ma how can they don't comply? |
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Feb 4 2010, 10:03 AM
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Junior Member
314 posts Joined: Nov 2008
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QUOTE(Tohsan @ Feb 4 2010, 09:58 AM) its BNM ruling ma how can they don't comply? BLR is ruled by BNM, but what about the -1.8, -1.9 stuff, would bank be willing adjust it on their existing customer? |
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Feb 4 2010, 11:04 AM
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Senior Member
1,133 posts Joined: Jan 2005 From: Bandar Puteri Puchong
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QUOTE(vdfoo @ Feb 4 2010, 10:03 AM) BLR is ruled by BNM, but what about the -1.8, -1.9 stuff, would bank be willing adjust it on their existing customer? they have a maximum discount rate, bank can only play around with the figure, if bank offer you less discount, its up to you to negotiate with them, after all there are so many of them around, scotch for the best deal as usual. Worst come to worst just refinance with other bank if they don't allow,no big deal. This post has been edited by Tohsan: Feb 4 2010, 11:05 AM |
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Feb 4 2010, 05:54 PM
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Senior Member
1,475 posts Joined: Dec 2006 From: Paradise 
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at least how long can refinance ? usually if got bank offer to refinance it will be cheaper rite ?
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Feb 4 2010, 11:01 PM
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Junior Member
314 posts Joined: Nov 2008
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refinance is a way, but will there be any legal fee involve? is zero moving plan still commonly available?
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