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

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ninjawin
post Feb 20 2015, 11:44 PM

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QUOTE(elmer @ Dec 5 2014, 11:01 AM)
I just got a whatsapp msg from a property agent which I would like to verify if its true. It says that from 1/1/2015 onwards, banks no longer offer minus interest rate of BLR, there will be BLR + 0% or higher. Last day submission on loan to entitle for minus on interest rate will be set at 19/12/2014.

Can someone verify if this is true?
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So we can confirm now that the property agent is dubious. Base Rate interest rate is more or less the same with BLR after adding the spread mechanism
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