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Financial BLR Increase 2014?, Base Lending Rate.

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ableze_joepardy
post Jan 18 2014, 11:42 AM

*w0ot*
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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... shocking.gif

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.
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but this will make our loan neverending rite? If payment amt < interest charged so loan balance keep increasing.

 

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