Me leh.. no property yet bought one.. I oso want starbucks.. my gf father batu maung lang..

Batu Maung fish head and other sea food lar. No yam char cheap cheap stuff !

there could be 1-more rate hike just before or right after GST

Its not whether we are ready or not

Not ready also no choice - have to accept it

Just hope for reduction in Personal Income Tax

Cheap cheap jln mcalister.. bukit jambul .. food court beware lot suddenly antena fall down hehe

Yes, could be, but I still think BNM will see the impact of first hike before moving to another hike.

They want to see the debt being controlled, not to kill the economy.

Aihh.. no bank officers around meh? I oso tau sikit sikitje

Current blr 6.6
you got rates of- 2.4
so interest payable for 6.6 -2.4= 4.2% per annum
Assuming taking loans of rm 100k for 1 year
100k x 4.2% interest x 1 year= 4200 yearly

If 500k and 35 years= 500k x 4.2( assuming no flactuation for 35 years) x 35 years= 735k interests
loans + interest = 500k + 735k= 1.235 million after 35vtahun

now increase 25 points = 0.25 only
current blr= 6.6 + 0.25= 6.85%
if bank offer -2.4
interest served = 6.85- 2.4= 4.45%

100k x 4.45% x 1 year= 4450 yearly
if 500k and 35 years = 500k x 4.45% x35 years =778500
loans plus interest= 778500 +500k= 1.2785 million only

difference of 43k for 35 years.. yearly difference around 4450- 4200=250
monthly 250 ÷ 12= rm 20 extra on monthly installments only.. told you no effect one.. provided they offer you -2.4.. and interest does not flactuate further

correct me if I m wrong

Not calculated like that.

Loan interest is calculated daily.
if you have outstanding loan let say 250k, it will x the new BLR (if) with daily calculation.

There are 2 situation can occur,
1. Monthly loan repayment increases based on calculation of the whole tenure of the loan vs its interest rate.
Aka previous if BLR 6.6% enable to repay off the 25 year loan with 1000 monthly, with the new increased rate, it become 10xx.

2. Monthly repayment still stay the same, 1000, but to finish off the loan take more than 25 years.

so i used a home loan simulator to simulate loan repayment in an ideal condition:

RM 150k loan @ 6.6% interest & 6.85% interest for 20 yrs

@ 6.6% = 1,014 monhtly

@ 6.85% = 1,035 monthly

and additional of RM 21 / month

in summary:

1. an additional of 11.5 months longer loan tenure if the monthly commitment is the same

2. an additional of RM 5,040 interest (?)

http://www.maybank2u.com.my/calculator/for...c-homeLoan.html

Interest rate would be 0.25/4.2x100 = 6% higher.

6% is not insignificant.

actually its 0.025 right?

25 basis point is 0.25

For instance, BLR would rise to 6.85 from the current 6.6.

if 25 is 0.25, that's a huge rise. My happiness buying property is now become sad because you said 25 basis point is 0.25. Are you sure??? 

For example

Loan: RM100k
Tenure: 20 years
BLR: 6.6 - 2.4 = 4.2%
Monthly repayment: RM616.57
Total interest paid for 20 years is RM47,976.98

If BLR increase by 25 basis point then, monthly installment will increase to RM629.95. And total interest paid for 20 years is RM51,188.86

In short, an increase of RM13.38 on ur monthly installment and RM3,211.88 additional interest in total.

Alternatively, the tenure is prolong by 9 months (roughly) shall the monthly installment remain unchanged at RM616.57

i can be wrong thou.

I still don't know how the new BLR gonna affect new buyer. I just paid my booking fee for an under con property and in the midst of looking for home loan. This is my 1st property. Since it is a no dibs property, the only affect that I can see is that I'm going to pay more interest while waiting for vp. Am I right?

actually its 0.025 right?

I still don't know how the new BLR gonna affect new buyer. I just paid my booking fee for an under con property and in the midst of looking for home loan. This is my 1st property. Since it is a no dibs property, the only affect that I can see is that I'm going to pay more interest while waiting for vp. Am I right?

installment higher, so your mortgage to income ratio (M/I) increases and may affect the bank's decision to provide the loan

but i don't foresee it will affect most application as the increase of 0.25% is not much really...

Thanks for the calculation 
Yes, you will serve higher interest while waiting