May 6 2020, 02:41 PM
QUOTE(waghyu @ May 5 2020, 08:17 PM)
No, what I mean is doesnt mean OPR low not you listen to people thinking interest is low. Interest is variable subject to OPR and will cost you more later.
Example. Every RM1 million loan for 20-30 years, 0.5% is worth RM270/month interest. If OPR go up, you need to pay extra RM270 in proportion of RM1mill.
Hi Waghyu, Example. Every RM1 million loan for 20-30 years, 0.5% is worth RM270/month interest. If OPR go up, you need to pay extra RM270 in proportion of RM1mill.
How to count interest? Daily rest interest run differently? $1.0 mil at 0.5% per year is $5000. So per month is 416.66 if divided by 12 months.
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