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 Interest changing to BLR + 0% and higher?, Starting from 1 January 2015

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enriquelee
post Apr 3 2018, 03:44 PM

Don't ask for more, ask for COKE
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10,510 posts

Joined: Jan 2003
From: Atlanta
QUOTE(Baby1985 @ Jan 27 2018, 09:45 AM)
Base on the current rate, it is better to take longer tenure or shorter?
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I would say always longest tenure.
enriquelee
post Apr 5 2018, 09:25 AM

Don't ask for more, ask for COKE
********
All Stars
10,510 posts

Joined: Jan 2003
From: Atlanta
QUOTE(Baby1985 @ Apr 4 2018, 10:30 PM)
Mind to share how so the longest the better?
Eg:
1) I loan Rm 150k - 35 yr
    I need to pay - RM 660/mth; after 35 yr, the house cost around RM 285k

2) I loan RM 150k - 20yrs
    I need to pay - RM 900/mth; After 20 yr the house cost around RM 216k

hmm.gif
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I suggest longest tenure possible is because, housing loan is the biggest amount with lowest interest rate personal loan which an ordinary person could get.
With this loan, you can easily use your available fund to earn income which generate higher return than your loan interest.
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