Maybe u could ask your banker to give u a soft copy of LO because I just got mine.
I just got the housing loan approval.

Maybank
Loan Amount 500k
35Years
3.9

Not sure whether this is a good deal,
however I got plenty of time to consider because the banker told me the due date for the offer letter will be extended because of MCO.

yea. 3.9% 35Years from Maybank. If OPR rises then.. ~.~
my sister got 4.15% from PBB in Dec 2019, now she's enjoying 3.65% ..

If 5 years later, BR increase +0.5 back to normal, then her interest rate is just 4.15 and mine will be 4.40..
I'm still wondering why many property agents are telling me it's a good time to buy because interest rate is low..

hi senpais,

As the OPR is reduced again, I don't know whether is it a good or bad impact on my current loan offer.

I got my loan approved from AmBank before the OPR is dropped to 2.00%,
it was 3.80% (BR 3.35 + 0.45) + 10Y MRTA on an RM 510k loan amount.
(edit: I tried Maybank, what I got was 3.9%)

With the recent cut in OPR, may I know if this is a good/bad impact to my current offer?

Thanks!

This post has been edited by flying_duck: May 7 2020, 02:10 PM

My friend who's working at MBB as relationship manager said the rate is okay
but I don't know because I'm not in the finance industry and this is my first housing loan.
umm.. I wouldn't use the word "too high".. it's just simple maths.

You're right on the rate will go up when the OPR back to the average of around 3.00 to 3.25 based on the OPR history in the previous 5 years.
Let's assume if someone secured his/her loan at 4.15% last year when the OPR was 3.00,
so if the OPR is back to 3.25, mine would probably be 4.55% and his/her would be 4.40%.

At the end of the day, the 0.15% is only RM20k difference based on my loan amount over the loan terms of 35years.
And that is the case of assuming the interest rate of the loan is fixed at 4.55 & 4.40 since the beginning,
hence the difference could be lesser or more but yea, the difference is not giving me the impression of "tooooo high".

Back to what I really concern, is the recent OPR cut good or bad for the current loan offer I got?

I see.Thanks.
I actually don't know it's good or bad, my finance knowledge is close to 0.
Therefore I think it's better to ask senpais here for opinion instead of guessing here and there..

Umm, I don't know whether what are the other factors I need to consider other than the numbers..
Thanks.