QUOTE(gogo2 @ Jul 8 2014, 12:31 PM)
actually its 0.025 right?
25 basis point is 0.25
For instance, BLR would rise to 6.85 from the current 6.6.
Are you guys ready for hike in interest rate?, Interest rate rising in July & September
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 Jul 8 2014, 12:41 PM
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#1
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1,933 posts Joined: Mar 2006 From: ~Universe~  
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25 basis point is 0.25 For instance, BLR would rise to 6.85 from the current 6.6. |
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Jul 8 2014, 12:52 PM
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#2
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Senior Member
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QUOTE(gogo2 @ Jul 8 2014, 12:42 PM) 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. |
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