QUOTE(ims2628 @ Mar 2 2015, 09:25 PM)
BR won't affected by GST, However for commercial title property there will be slightly increase due to GST.
But the penalty a.ka. late payment a.ka. financial charges are subjected to GST Interest changing to BLR + 0% and higher?, Starting from 1 January 2015
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Mar 4 2015, 11:50 AM
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#1
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Mar 4 2015, 11:52 AM
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QUOTE(samsss @ Mar 4 2015, 11:48 AM) atm BR is not that convincing to everyone i guess BR : bank to decideanyway let's wait for the first review of the BR rate after this march BLR : BNM to decide bank = crony control BNM = government control crony control/discuss with government on how to make the most from people. So, no difference. |
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Mar 4 2015, 01:16 PM
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Mar 4 2015, 03:53 PM
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QUOTE(Jasoncat @ Mar 4 2015, 02:22 PM) Nope. How frequent the BR is reviewed & revised depends on the respective banks internal policy. Similarly, BLR is not reviewed once every 6 months. Not really, I read somewhere is BR banks can reviewed it once every 3 months and BLR once every 6 months. Review the rate does not means they will increase or reduce. Is still based on market drive. |
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Mar 4 2015, 08:20 PM
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QUOTE(Jasoncat @ Mar 4 2015, 07:54 PM) As mentioned, the BR is to be reviewed on periodic basis whereby frequency of such review is to be documented on the bank's policy. No such thing as BR is to be reviewed once every 3 months and BLR once every 6 months. But one thing you have correctly said is review doesn't mean rate change. Actually if they keep on changing the effective rate, be it BR-*.** or BLR-*.** on short duration of time, they will have problem also Read from the valid source i.e. the BNM policy documents and not those uunconfirmed source. |
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Mar 4 2015, 08:20 PM
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Mar 4 2015, 09:37 PM
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QUOTE(Jasoncat @ Mar 4 2015, 09:31 PM) Yeah, based on the current economic backdrop don't see any imminent sign of rate adjustment. Yup, you are right on this. They can have meeting every now and then to decide. Just sit back and see.Btw, just notice an incorrect statement to which you responded: BR won't changes that often as like BLR. If fact, based on the BR framework, whenever the bank change its BR, it has to change its BLR by the same magnitude. So in short, BLR will follow suit when BR change - BLR will change as often as BR. |
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