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Financial BLR Increase 2014?, Base Lending Rate.
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SonicKimi88
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 Jan 18 2014, 11:37 AM
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Getting Started
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QUOTE(toh2020 @ Jan 18 2014, 10:38 AM) your mthly payment will never change. this is new rule from BNM. but with higher OPR or daily interest. your principle reduction will be much lesser. hence your loan tenure will be extended to so many years to come...  for home loan, every ringgit outstanding is calculated in daily interest. if u want to pay higher mthly installment. you need to go to your bank headoffice and apply. Are this going for apply for the term max loan of 35 years? let's said what happen if some just get a loan approved at 35 years max and the next month BLR increased? |
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SonicKimi88
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Jul 17 2014, 11:11 AM
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Getting Started
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QUOTE(viper88 @ Jul 17 2014, 11:07 AM) Those that take loan till age 70.. maybe haf to pay till 80++ yrs old or die..  if duwan extend loan tenure.. every month have to pay extra rm200 - 300 le when Sept BLR hit 7%... Those flippers/agent will try sell/rent higher price to cover the extra increment of loan interest rates or sell fast fast to avoid losses. Whereas ownstay buyer will suffer coz have to bear with the extra $$$$ to pay. Wasn't the max loan years fixed to 35 years..  . Will this be exception since with BLR increase tenure should be increased too...  |
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SonicKimi88
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Jul 17 2014, 11:21 AM
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Getting Started
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QUOTE(katijar @ Jul 17 2014, 11:19 AM) that's for new applications mah ... they should have paid 1-2 years ... so now increase from 33/4 to 35 years again... wah.... back to square one...  those just borrow? i think might need to pay extra then... hmm... |
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SonicKimi88
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Jul 17 2014, 11:23 AM
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Getting Started
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Actually who are the beneficial from this increase? Gov to collect more base on this new rate or Bank to get more interest payment?
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SonicKimi88
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Aug 5 2014, 06:31 PM
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Getting Started
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QUOTE(supersound @ Aug 5 2014, 06:27 PM) Why can't you think it the other way round? Bank wants to make more profit. 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. |
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