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

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SUSsupersound
post Mar 4 2015, 11:50 AM

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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.
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But the penalty a.ka. late payment a.ka. financial charges are subjected to GST doh.gif
SUSsupersound
post 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
anyway let's wait for the first review of the BR rate after this march
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BR : bank to decide
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.
SUSsupersound
post Mar 4 2015, 01:16 PM

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QUOTE(Jasoncat @ Mar 4 2015, 01:11 PM)
Can pls enlighten us why you think BR framework is not good for buying property? hmm.gif
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BR can be reviewed once every 3 months while BLR once every 6 months.
SUSsupersound
post 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.
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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.
SUSsupersound
post 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.

Read from the valid source i.e. the BNM policy documents and not those uunconfirmed source.
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Actually if they keep on changing the effective rate, be it BR-*.** or BLR-*.** on short duration of time, they will have problem also sweat.gif

SUSsupersound
post Mar 4 2015, 08:20 PM

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QUOTE(ims2628 @ Mar 4 2015, 08:03 PM)
BR won't changes that often as like BLR but the spread from BR there's always a space for bank to adjust on this but so far there's no news of changing the spread interest yet.
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Because of current economy condition they are not adjusting.
SUSsupersound
post 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.

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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Yup, you are right on this. They can have meeting every now and then to decide. Just sit back and see.

 

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