What is the impact of OPR increase expected on next year January on BLR interest?

OPR increase 0.25?
BLR increase 0.25?

A basis increase of 0.25 on RM400k loan? Will be around how much in long term?
Extra RM60 per month?

Current BLR = 6.85
Current interest rate = 6.85-2.3 = 4.55

Does OPR increase mean bank fixed deposits interest will also increase?
v1n0d

when OPR increases, FD rate increases as well.

Assuming 500k loan, 35 years tenure

Interest rate 4.4% - 2,335 monthly installment, total interest in 35 years - RM980,872

Interest rate 4.65% - 2,412 monthly, total interest in 35 years - RM1,013,434

So that's about extra 33k interest for 0.25% increment

Y when OPR cut, suppose BLR will cut too?
Y I did not see reduction in monthly payment?

But when OPR increased, BLR increased I see need pay extra rm50 every month.

v1n0d

Y when OPR cut, suppose BLR will cut too?
Y I did not see reduction in monthly payment?

But when OPR increased, BLR increased I see need pay extra rm50 every month.

v1n0d