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This post has been edited by lovesick_joe: May 15 2015, 03:10 PM
Interest changing to BLR + 0% and higher?, Starting from 1 January 2015
Interest changing to BLR + 0% and higher?, Starting from 1 January 2015
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May 15 2015, 10:21 AM
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Junior Member
237 posts Joined: May 2005 |
Removed
This post has been edited by lovesick_joe: May 15 2015, 03:10 PM |
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May 22 2015, 05:07 PM
Show posts by this member only | IPv6 | Post
#262
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Senior Member
822 posts Joined: Mar 2013 |
what is the latest cimb br? 4%?
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May 23 2015, 08:54 PM
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Junior Member
10 posts Joined: May 2015 |
hmmm just according what i know,
bnm set this changes to BR is to let people knows how much banks earn from us, BR = bank costing and operational rate, +y = profit spread lower BR can be said as lower cost operational for example the "M" bank have the highest FD asset cash and saving acc asset cash, thus they wont need to get klibor rate. just my 2 cent opinion |
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May 23 2015, 09:17 PM
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1,053 posts Joined: Jan 2015 |
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May 23 2015, 09:32 PM
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9,913 posts Joined: Jun 2014 |
QUOTE(JusteaParty @ May 23 2015, 08:54 PM) hmmm just according what i know, Nope. The BR framework is not to let people know how much banks earn from the consumer. It promotes transparency and better reflects the transmission of monetary policy changes.bnm set this changes to BR is to let people knows how much banks earn from us, BR = bank costing and operational rate, +y = profit spread lower BR can be said as lower cost operational for example the "M" bank have the highest FD asset cash and saving acc asset cash, thus they wont need to get klibor rate. just my 2 cent opinion BR comprises 2 major components - the benchmark cost of funds and the statutory reserve rate. The spread comprises not only the profit elements but the overhead charges, the liquidity premium and the credit cost. |
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May 30 2015, 11:40 PM
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Junior Member
64 posts Joined: May 2013 |
QUOTE(Jasoncat @ May 23 2015, 10:32 PM) Nope. The BR framework is not to let people know how much banks earn from the consumer. It promotes transparency and better reflects the transmission of monetary policy changes. why are you contradicting yourselves? not to let people know and promotes transparency?BR comprises 2 major components - the benchmark cost of funds and the statutory reserve rate. The spread comprises not only the profit elements but the overhead charges, the liquidity premium and the credit cost. |
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May 30 2015, 11:58 PM
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Senior Member
9,913 posts Joined: Jun 2014 |
QUOTE(Icelaac Ho @ May 30 2015, 11:40 PM) Are you saying BNM contradicting itself. Lol.The transparency here refers to the fact that the details and computation of BR and the spread components are clearly defined and guided strictly by the banks' own policy - as opposed to the BLR framework which do not have a proper way of computation. These information are accessible by BNM not public though. |
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Jun 9 2015, 10:56 PM
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Senior Member
774 posts Joined: Nov 2004 |
Recently i got 2 loan offers for under construction housing project but still making tough decision. Both are islamic loans.
Bank P: Lock in period: 3 years Interest rate: 4.55% Tenure: 35 years MRTA: RM900++ for 7 years ( the minimum one) Margin of Financing: 80% (144k) RM200 processing fee, after GST it comes out to be RM212 Bank H: Lock in period: No Interest rate: 4.70% Tenure: 30 years MRTA: RM700++ for 5 years ( the minimum one) Margin of Financing: 100% (150k) Question 1: Not very sure which one is full flexi or semi-flexi. Is this important for us to consider? What is the different btw the both? Question 2: Heard Bank H officer said Bank P may start charging interest if there's no payment after 1 month, whereas they only start charging after 2 months. Is that true? or is there anything else do i need to check with them? Question 3: Which package is better after taking into consideration of interest charging period in my question 2. Question 4: Heard Bank H officer said MRTA is compulsory to take in order to get good rate at 4.7% . Is that true? Can i opt not to take it? Kindly advise. This post has been edited by goolie: Jun 9 2015, 11:19 PM |
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Jun 24 2015, 04:56 PM
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Senior Member
1,053 posts Joined: Jan 2015 |
QUOTE(goolie @ Jun 9 2015, 10:56 PM) Recently i got 2 loan offers for under construction housing project but still making tough decision. Both are islamic loans. important to know semi flexi or full flexi as there's setup fees and monthly charge for most bank full flexi except rhb. Bank P: Lock in period: 3 years Interest rate: 4.55% Tenure: 35 years MRTA: RM900++ for 7 years ( the minimum one) Margin of Financing: 80% (144k) RM200 processing fee, after GST it comes out to be RM212 Bank H: Lock in period: No Interest rate: 4.70% Tenure: 30 years MRTA: RM700++ for 5 years ( the minimum one) Margin of Financing: 100% (150k) Question 1: Not very sure which one is full flexi or semi-flexi. Is this important for us to consider? What is the different btw the both? Question 2: Heard Bank H officer said Bank P may start charging interest if there's no payment after 1 month, whereas they only start charging after 2 months. Is that true? or is there anything else do i need to check with them? Question 3: Which package is better after taking into consideration of interest charging period in my question 2. Question 4: Heard Bank H officer said MRTA is compulsory to take in order to get good rate at 4.7% . Is that true? Can i opt not to take it? Kindly advise. |
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Feb 5 2016, 09:28 PM
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Junior Member
282 posts Joined: Aug 2011 |
When I signed my loan in Oct 2015 it was 3.8+0.6 = 4.4%...
Then BR increased for Ambank and now its 4.0+0.6 = 4.6%... Anyone else gone through this pain? |
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Jun 17 2016, 01:06 PM
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9,913 posts Joined: Jun 2014 |
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Jun 18 2016, 11:14 PM
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3,718 posts Joined: Nov 2015 |
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Jun 18 2016, 11:17 PM
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9,913 posts Joined: Jun 2014 |
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Jun 18 2016, 11:29 PM
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3,718 posts Joined: Nov 2015 |
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Jun 18 2016, 11:31 PM
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9,913 posts Joined: Jun 2014 |
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Jul 16 2016, 11:06 AM
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Senior Member
5,928 posts Joined: Jun 2005 |
Besides Maybank lower their BR n BLR after OPR cut, which bank has reduce ? I'm waiting for OCBC to reduce their BLR
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Jul 17 2016, 09:23 PM
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9,913 posts Joined: Jun 2014 |
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Jul 28 2016, 05:52 PM
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4,395 posts Joined: Sep 2007 From: Kuala Lumpur |
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Aug 2 2016, 07:48 PM
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Senior Member
1,008 posts Joined: Aug 2008 |
Hello guys, need experts enlightenment/ opinion here..
If choosing housing loan, how to consider the best (lowest) rate? From what i knew, the effective lending rate is the interest rates, so obviously the lowest is the best. Then comes to base rate, how to compare. Is lowest or highest bank rate will be better? let say after adding the spread, interest will be the same. Simple example is like below case, quoted from few pages back. Thanks guys. QUOTE(homepp @ Apr 10 2015, 10:49 AM) |
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Aug 6 2016, 12:07 AM
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Junior Member
420 posts Joined: May 2016 |
Have u figured out which one is the best?
QUOTE(monara @ Aug 2 2016, 07:48 PM) Hello guys, need experts enlightenment/ opinion here.. If choosing housing loan, how to consider the best (lowest) rate? From what i knew, the effective lending rate is the interest rates, so obviously the lowest is the best. Then comes to base rate, how to compare. Is lowest or highest bank rate will be better? let say after adding the spread, interest will be the same. Simple example is like below case, quoted from few pages back. Thanks guys. |
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