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 BNM Cut Rate Again But Not Benefit For New Loan, BNM Cut Rate Again But Not Benefit For N

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diners
post Mar 10 2020, 05:44 PM

Young Dipertuan
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QUOTE(AskarPerang @ Mar 10 2020, 02:27 PM)
Copy paste from whatapps group:

Lowest rate for each bank (for new loan application)
*As at 10th March 2020* 1.30pm

☀ PBB - 3.9% (Gred A, 3.65%)
☀ RHB - 3.85%
☀ HLBB - 3.8% (If good profile can get 3.7%)
*
For me, if anything +0.5% is > 4.15% is no no for me. I’m just assuming when BNM normalise 2~3 years down the road.

If 3.9% and +0.5% after normalise is 4.4% consider quite high d. That’s comparing with the 4.15% that I had previously (now 3.65%)
diners
post Mar 10 2020, 05:47 PM

Young Dipertuan
******
Senior Member
1,484 posts

Joined: Jan 2007
QUOTE(kha7577 @ Mar 10 2020, 04:04 PM)
Loan interest rate showed 3.85 online but installment due is still the same as before! When will it change? Rhb online
*
Installment due is always the same. Only the amount going into your principal is more since your interest is less now.

The amount due will only be different if you are just serving interest (undercon projects) currently, loan not yet fully disburse.
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