Financial BLR Increase 2014?, Base Lending Rate.
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 Aug 5 2014, 11:19 AM
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Senior Member
763 posts Joined: Sep 2007 
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QUOTE(Babizz @ Aug 5 2014, 11:03 AM) ask BBW our DDD kor Thanks Due to the lock down period of 3 years semi flexi loan? I read the whole loan agreement again, says my rates will follow BLR  Maybe I should go ask the person who got my loan from... |
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Aug 5 2014, 11:59 AM
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Senior Member
763 posts Joined: Sep 2007
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QUOTE(andyyaosmurf @ Aug 5 2014, 11:28 AM) If they didnot say anything.. keep quiet and don't do anything first... wah, seriously? LOL, impossible that bank would miss out on any of these  |
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Aug 5 2014, 01:30 PM
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Senior Member
4,226 posts Joined: Mar 2014
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since the BLR is increased.... now wat is the best package banks can offer???
BLR-2.5% ??? |
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Aug 5 2014, 02:44 PM
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Junior Member
58 posts Joined: Aug 2007 
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QUOTE(princessgalaria @ Aug 5 2014, 11:19 AM) Thanks Reference to my fren case, the bank has just started to adjust her loan payment starting this month. which is roughly RM100 extra per monthDue to the lock down period of 3 years semi flexi loan? I read the whole loan agreement again, says my rates will follow BLR Maybe I should go ask the person who got my loan from... |
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Aug 5 2014, 03:03 PM
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Senior Member
3,033 posts Joined: May 2011
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QUOTE(princessgalaria @ Aug 5 2014, 10:52 AM) Noob question. May be the bank has increased your monthly installment amount which you has not received the letter from the bank yet. However the adjusted amount may be just about a roti prata meal which is so small which you didn't feel there are adjustment at all...My housing loan is auto deducted from my bank every month. I'm aware of the increase of BLR rate since last month which is supposed to take effect like immediately, but when I checked my loan amount deducted this month was still the same rates as per what I signed in the loan agreement BLR6.6- 2.4 I'm already taking a maximum tenure of 35years, kinda impossible that they still add on my years for the loan. As per maybank's announcement, they already follow Bank Negara's rules to increase BLR to 6.85 since mid July. Or I'm supposed to wait for a letter from the bank giving some instructions or something perhaps? Anyone kind enough to explain? Thanks a lot.  |
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Aug 5 2014, 03:15 PM
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Senior Member
763 posts Joined: Sep 2007
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QUOTE(Tigerr @ Aug 5 2014, 03:03 PM) May be the bank has increased your monthly installment amount which you has not received the letter from the bank yet. However the adjusted amount may be just about a roti prata meal which is so small which you didn't feel there are adjustment at all... No la... I know how much I'm paying for each month lol. Me very the poor, little difference also I will realise geh...I just starting to pay my 1st month loan then BLR go up, aiseh... They belum increase that's why I was wondering... mine is an auto debit standing instruction every 1st of the month. They deducted the same amount on the loan agreement based on BLR 6.6% my loan at least about RM200 extra.  |
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Aug 5 2014, 03:46 PM
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Senior Member
3,033 posts Joined: May 2011
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QUOTE(princessgalaria @ Aug 5 2014, 03:15 PM) No la... I know how much I'm paying for each month lol. Me very the poor, little difference also I will realise geh... It could be also they deduct the same amount but the interest portion increased while the portion to reduce your principal reduce n in another word, your tenure ll be longer but at the early stage plus your adjustment amount may be small, I guess the bank ll not afraid that to give u longer period a bit as blr later if revise down, it ll goes back to equalibrium.I just starting to pay my 1st month loan then BLR go up, aiseh... They belum increase that's why I was wondering... mine is an auto debit standing instruction every 1st of the month. They deducted the same amount on the loan agreement based on BLR 6.6% my loan at least about RM200 extra. |
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Aug 5 2014, 04:00 PM
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Senior Member
763 posts Joined: Sep 2007
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QUOTE(Tigerr @ Aug 5 2014, 03:46 PM) It could be also they deduct the same amount but the interest portion increased while the portion to reduce your principal reduce n in another word, your tenure ll be longer but at the early stage plus your adjustment amount may be small, I guess the bank ll not afraid that to give u longer period a bit as blr later if revise down, it ll goes back to equalibrium. I see, thanks for the explanation. I thought there's a rule in Bank negara that 35years is sort of like maximum? correct me if I'm wrong.. |
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Aug 5 2014, 04:49 PM
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Senior Member
6,356 posts Joined: Aug 2008
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QUOTE(bigman @ Aug 5 2014, 01:30 PM) since the BLR is increased.... now wat is the best package banks can offer??? When OPR increase...BLR may not increase directly.BLR-2.5% ??? Bank also giving FD ; when their FD more than the loan interest..BANK not able to cover their FD obligation. Bank take our saving or FD to lend out to consumer. The interest of loan alwasy greater the rate giving back for saving. |
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Aug 5 2014, 05:21 PM
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Senior Member
639 posts Joined: Jul 2006
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Bank FD rates up already. I think 3.4% from cimb for 1 year lock in. My installment also up 93 rm for a 400+ k loan.
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Aug 5 2014, 05:26 PM
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Senior Member
9,533 posts Joined: Jun 2013 
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QUOTE(princessgalaria @ Aug 5 2014, 11:59 AM) wah, seriously? LOL, impossible that bank would miss out on any of these mb tenure is longer... already.. |
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Aug 5 2014, 05:56 PM
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Senior Member
9,533 posts Joined: Jun 2013
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QUOTE(ivanpei @ Aug 5 2014, 05:21 PM) Bank FD rates up already. I think 3.4% from cimb for 1 year lock in. My installment also up 93 rm for a 400+ k loan. this signifies bank are cash tight or there will be another round of OPR increase in September, in had gone viral.. with articleshttp://www.theedgemalaysia.com/business-ne...ys-analyst.html |
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Aug 5 2014, 06:12 PM
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Senior Member
6,356 posts Joined: Aug 2008
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QUOTE(bearbearwong @ Aug 5 2014, 05:56 PM) this signifies bank are cash tight or there will be another round of OPR increase in September, in had gone viral.. with articles When Bank out of CASH, they borrow among interbank to outcome shortage of cash in their bank.http://www.theedgemalaysia.com/business-ne...ys-analyst.html and OPR increase not decide by Bank but BANK NEGARA. the OPR increase/decrease mechanism determine by few key; one of them is inflation etc. http://en.wikipedia.org/wiki/Interbank_lending_market |
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Aug 5 2014, 06:27 PM
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Senior Member
11,554 posts Joined: Aug 2009
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QUOTE(bearbearwong @ Aug 5 2014, 05:56 PM) this signifies bank are cash tight or there will be another round of OPR increase in September, in had gone viral.. with articles Why can't you think it the other way round? http://www.theedgemalaysia.com/business-ne...ys-analyst.html Bank wants to make more profit. |
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Aug 5 2014, 06:31 PM
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Junior Member
191 posts Joined: Oct 2013
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QUOTE(supersound @ Aug 5 2014, 06:27 PM) Why can't you think it the other way round? Maybe they wanted to control the household debt now, they might run into the risks if more and more people can't repay the loan given.Bank wants to make more profit. |
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Aug 5 2014, 07:35 PM
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Senior Member
9,533 posts Joined: Jun 2013
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QUOTE(supersound @ Aug 5 2014, 06:27 PM) Why can't you think it the other way round? So do you think this is more likely the reason for increase? Dunno about you... august di.. repayment should be due soon...or already passBank wants to make more profit. |
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Aug 6 2014, 01:50 AM
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Senior Member
1,190 posts Joined: Jan 2003
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Interesting, although that analyst is expecting a 25bps hike, the market on the other hand is actually expecting no more hikes for this year.
Let's see how it turns out. |
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Aug 6 2014, 04:35 PM
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Junior Member
274 posts Joined: Aug 2014
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Just a footnote, for those who are currently attached with loans, kindly check if your loan installment has been revised or still same.
This is because you might end up paying less principal to compensate for the interest portion therefore increasing your proposed tenure slightly. Unless you are the flexi type utilizer then you will not be affected. |
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Sep 25 2014, 04:37 PM
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Junior Member
266 posts Joined: Apr 2007
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received letter notice need to pay more coming month.
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Sep 25 2014, 05:18 PM
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Senior Member
784 posts Joined: Jun 2013
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QUOTE(straw @ Sep 25 2014, 04:37 PM) received letter notice need to pay more coming month. CIMB bank one...  they need money...  |
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