dear all sifu,

I am confuse about the new BR (Base Rate) scheme, I have recently getting an offer from the bank with the ER = 4.45, where BR = 3.65 and Spread = 0.80.

May I know if the spread offer to me will be a fixed value throughout my loan tenure? and how long will the BR get revise by the bank?

When consider on the bank, should I be more concent over the spread or their base rate? for e.g. 2 bank offer me ER4.45 , one with 3.65 + 0.8 and one with 4.00 + 0.45

@lifebalance, thanks for your clarification.

It appears that both BR and Spread are floating value.

So if I am getting a lower ER from the loan offer today doesn't guarantee that I can get the lowest possible interest for my entire tenure.

In this case, what should I be more concern when I choosing my loan with such variable? Should I just aim for the lowest ER ?

@Madgeniusfigo, thanks for your information.

So Spread Rate will be a fixed rate throughout the loan tenure.

Dear all sifus,

I've recently offered a mortgage loan of 4.40% from the following banks :
RHB (full flexi) 3.9 + 0.5%
Ambank (semi-flexi) 4.0 + 0.4%
CIMB (semi-flexi) 40 + 0.4%

all required me to sign up for 15~17 years of MRTA.

However, I didnt know much about the benchmark or service quality for each of them, having a hard time making decision now.

Therefore I would like to ask if you guys do have any recommendation or experience dealing with those banks?

There is no way we can speculate the base rate trend for each bank right?

Hi all,

I've been told that April is the month that could trigger changes on the base rate, is there any portal I can inquiry about the new rate? (in any)

Usually how long each bank would take to announce their new rate?