Interest changing to BLR + 0% and higher?, Starting from 1 January 2015
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 Jan 7 2015, 01:00 PM
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#1
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Senior Member
1,162 posts Joined: Jul 2014 From: Shah Alam  
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QUOTE(IceQTurbo @ Jan 7 2015, 11:22 AM) Hmm.. if BLR is no longer applicable now, does it mean that our existing loan will be peg at the current BLR rate? For existing loan will still peg to BLR until the end. BLR will be reflect by OPR...... That's all I know...... But not sure good or not.... |
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Jan 28 2015, 05:36 PM
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#2
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Senior Member
1,162 posts Joined: Jul 2014 From: Shah Alam
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QUOTE(kelvinlzy @ Jan 28 2015, 02:04 PM) CxMB approved 90% of my loan of RM420k, with an interest of BR 4.00% + spread 0.50% = 4.50%. Compared with HxB which offered 89% of the loan amount, interest rate is (3.99% + 0.56% = 4.55%), is CxMB better a little bit? Please advise. Thanks. Sure CIMB better. Lower by 0.05%. |
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Jan 29 2015, 12:56 PM
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#3
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Senior Member
1,162 posts Joined: Jul 2014 From: Shah Alam
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QUOTE(kelvinlzy @ Jan 29 2015, 11:54 AM) Long story short: As for me, I will still choose CxMB as the interest lower @ 4.50% + full flexi. HxB: BR(3.99%) + Spread (0.56%) = 4.55%, semi flexi, lock in period 3 years, tenure 35 years, MRTA 100% for 20 years. CxMB: BR(4%) + Spread (0.5%) = 4.50%, full flexi, lock in period 3 years, tenure 35 years, MRTA 100% for minimum 10 years. Also, after lock in period should I refinance to other bank to save more interest? Thanks. After lock in period, unless there is a substantial cut in interest, otherwise it is not worth for you to consider refinance. Unless there is "ZERO" moving cost option. |
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