Interest changing to BLR + 0% and higher?, Starting from 1 January 2015
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 Dec 31 2014, 01:07 PM
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#1
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Senior Member
1,924 posts Joined: Jan 2011 
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if i look at my current loan interest rate. It is 4.35%
Then I look at the submitted rate, it is obvious all banks are higher. Means with this BR, it is higher cost for consumers! |
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Dec 31 2014, 02:34 PM
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#2
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Senior Member
1,924 posts Joined: Jan 2011
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QUOTE(Jasoncat @ Dec 31 2014, 01:57 PM) Bro, I believe your loan is much higher than RM350k (the loan amount that is used as the basis for determining the effective lending rate for illustrative purpose). As such, the all-in pricing could be more attractive and near to your current BLR-based rate. Yes it is. Hmm. I think it is still too early to confirm if it is indeed better or worst. But what I would do is I would go to the bank next week and pretend stupid and try to apply for a loan of similar amount and see what's the rate I would get... |
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