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Financial BLR Increase 2014?, Base Lending Rate.

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Chaud
post Jan 25 2014, 10:00 PM

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QUOTE(toh2020 @ Jan 16 2014, 11:23 AM)
I heard rumors of BLR is going to increase. Currently the amount is 6.6%. I do rough estimation if there are 1.0% increase. you keep on paying the current rate. your loan tenure will extend to another 2 years.

for example there are a time year back BLR 5.5%. now is 6.6%. what will happen if this keep on increasing. now with rumors of GST going wild. the rapid hike in cost of living. think of it if BLR increase further. what is the implication.
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got such thing as loan tenure increase? rclxub.gif not pay higher installment meh?

it will go up. but if it goes up like 1-2%, many will declare bankrupt

 

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