Just saw my loan current rate increased 10 basis points and checked their website.

https://www.rhbgroup.com/others/rates-interest/index.html






Summary of BR change after OPR lowered
1. MBB : -0.2%
https://www.thestar.com.my/business/busines...rates-by-20bps/
2. Bank Islam : -0.26%
http://www.bankislam.com.my/home/assets/up...x2_20190509.pdf
3. CIMB : -0.25%
https://www.thestar.com.my/business/busines...-after-opr-cut/
4: RHB : -0.2%+(-0.05%)
https://www.thestar.com.my/business/busines...tes-by-0pt2pct/
5: OCBC : -0.25%
https://www.nst.com.my/business/2019/05/487...ffective-may-13
6. HLB : -0.2%
https://www.hlb.com.my/en/personal-banking/...nd-blr-ifr.html
7. UOB : -0.25%
https://www1.uob.com.my/personal/announcement.page
8. HSBC : -0.23%
https://www.hsbc.com.my/content/dam/hsbc/my...ending-rate.pdf
9. PBB : -0.25%
https://www.pbebank.com/Personal-Banking/Ra.../Base-Rate.aspx
10. Ambank : -0.25%
https://www.ambankgroup.com/DataFeed/Rates/BR.aspx

This post has been edited by lkwah86: May 16 2019, 10:46 AM


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and then ? whats the problem?

pay more installment kot~~~

and then why create a topic here? waiting for mod to closed your topic izzit?

Sad ... economy not good yet increase non stop

Is not the first bank doing so.

Few banks increased the rate (even when BNM rate remain unchanged). 
Notably: 
- CIMB, the first to do so, increase by 0.10%
- Bank Muamalat, increase by 0.11%
- RHB Bank, increase by 0.10%
- Hong Leong Bank, increase by 0.10%
- UOB, increase by 0.11% 
- Bank Islam, increase by 0.13% 

No any clear guideline to predict whether the remaining other banks will follow suit or not, since the OPR remain unchanged. 

thanks for the info.

take loan already, cannot do anything but bow to the bank's mercy.

I also notice the base rate increase from 3.9% to 4%. But the strange thing is my house instalment amount had reduce few hundreds. My installment should have increased instead of reduce.

This post has been edited by katrina8080: Apr 20 2019, 04:09 PM

Probably your loan tenure changed

Because u r overpaid for example u pay more than the monthly installment amount

Thanks for the reply. Didn't know overpaid on the principle will affect the installment amount. I thought it will just affect the loan tenure

And I think you have put some amount on the prepayment too...

yea. I do pay something extra. Now only know it will affect the installment amount when BR changed.

How much in term of percentage compare before and after?
let say last time u pay 1000 pm
now u only need pay 800 pm

My installment amount had reduced around 20% for now.

Its good for u as u can use the 20% for spending

question. how do you reduce the principal by paying extra? do you transfer straight into the loan? because i know their loan payment works by standing instruction so they will take wat is needed only for the month from the account. all advice is appreciated thanks.

he pay as principal payment that why its will offset

Every month they will still deduct my installment amount as normal from my current account. Other than that, I paying extra by doing principal payment to reduce the principal loan amount. This will reduce my interest charged.