QUOTE(nkhong @ Nov 13 2015, 12:58 AM)
I recheck the letter, it said permanently reducing the limit. Cannot be reinstate. I dunno where the forummer get the statement from.
I see... noted. Thanks.CIMB flexi charge, increase to RM40 per month
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 Nov 13 2015, 07:14 AM
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#21
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Senior Member
9,913 posts Joined: Jun 2014 
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Nov 13 2015, 07:22 AM
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#22
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9,913 posts Joined: Jun 2014
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QUOTE(nkhong @ Nov 13 2015, 01:06 AM) Maybe our country economy outlook very bad. Bnm want to do something about it especially the high household loan. They notice that actually alot of people actually put in alot of excess payment. So they instruct banks to force their customer to turn the excess payment bcome permenant payment and hence reducing the total household loan. Cimb become the first one to act and other banks may follow suit. .... Just my speculation .... Hmm... that will be a massive industry-wide exercise which I think must not only getting the blessings but written instructions from BNM (which I doubt so). I suspect that specific measure by Sotong Bank is to try to improve its capital ratio (by reducing the risk weighted assets through reduction in loan) in addition to just to enhance its non-interest income. |
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Nov 13 2015, 08:59 AM
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#23
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9,913 posts Joined: Jun 2014
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QUOTE(akh731 @ Nov 13 2015, 08:24 AM) Cat, blr raise or drop is depend on the centre bank and clearly stated in the facilities agreement. I can 100% assure you that BLR and BR hike / cut is not decided by BNM though BNM monetary policy will impact the decision of the commercial bank in raising / cutting the BLR / BR. If I'm wrong, teh tarik on me - drink all you can.If you dont have the facilities agreement, Please dont make confuse here. |
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Nov 17 2015, 01:29 PM
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#24
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QUOTE(gtfan @ Nov 17 2015, 11:01 AM) I received a call yesterday from cimb. They says the rm40 charges will be applied for new application. Existing flexi users won't have to bear the rm40 if utilisation falls below 70%. They will send a formal replies next week. I am not sure I hear correctly as I am driving when he called me, if it turns out to be true, look like our mass complaints works.. I believe this is the likely solution. |
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Nov 17 2015, 10:23 PM
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#25
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QUOTE(ManutdGiggs @ Nov 17 2015, 10:07 PM) I'm janitor again Rojak close shop? |
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Nov 17 2015, 11:23 PM
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#26
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QUOTE(ManutdGiggs @ Nov 17 2015, 10:58 PM) http://news.sinchew.com.my/node/452930?v=mobile Hmm... I see. I thought you have already earned enough from your old janitor days. Selling rojak just to pass time, no?I realised I need to forego rojak n do Wat I know best.  BTW I heard other banks r gonna do the same as octobank. They wanna study the outcome b4 deciding. Octobank is like a tester now. If they fail I think other banks ll b cautious in implementation. So pls bring in more ppl to shoot them upside down. Even up to this point I still think that eventually the RM40 charge will only be implemented to new borrowers. Well could be my wishful thinking. |
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Nov 20 2015, 08:56 PM
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#27
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QUOTE(samkps @ Nov 20 2015, 01:46 PM) Thanks for sharing, is it internal news? Waiting 23rd for the sms blast.. Samkor, congrats (if this is the appropriate word to use in this incident) Honestly, this is the outcome which I have expected (Oops, crystal ball effect  ) |
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Nov 20 2015, 09:03 PM
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#28
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QUOTE(keane04 @ Nov 20 2015, 02:14 PM) means what? their BR increased? It's a ruling by BNM that if BR changes (be it up or down), the BLR is to be change accordingly ie same direction and same quantum. So if Sotong bank changes the BLR, all loan will be affected as well and vice versa.not really. las time is BLR - 2.4. now is BR + 0.45.......so, actually the same. unless before this you are getting BLR - 2.4 above |
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Nov 23 2015, 02:49 PM
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#29
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QUOTE(samkps @ Nov 23 2015, 10:03 AM) First day of week of 23rd, still not yet receive the sms blast. Sabar Samkor, Sotong bank shall send you a letter instead as proper way of communication. |
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Dec 3 2015, 11:01 PM
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#30
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With receipt of the letter, finally an amicable solution is reached...
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Jun 24 2016, 12:13 AM
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#31
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9,913 posts Joined: Jun 2014
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QUOTE(Unknown50211 @ Jun 23 2016, 09:14 PM) Hi All, fyi:I just received my monthly "Instalment/Interest/Principal Due Notice" statement. I noticed the Interest Rate has increased 0.1% for this month. Which is also 0.1% increase from what I sign up for. Last month was still OK. Is this expected? The interest rate will fluctuate? Anyone experience the same? Thanks! https://forum.lowyat.net/index.php?showtopi...post&p=80431956 |
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