Let me further elaborate the instalment for you

Assuming my property purchased is RM 500,000

Loan amount : RM 450,000 (assuming only property loan without other fees)

Loan tenure : 35 years

Interest rate offer : BR + 1.00% = 4.25% (after 2 times reduced by BNM) (current BR 3.25%)

Instalment amount : RM 2061 per month
Assuming BNM gradually increase back OPR (simultaneously BR also gradually increase back) by 0.75% later 3 years

new interest rate charged : BR + 1.00% = 5.00% (BR become 4.00% after gradually increase back to 0.75%)

New instalment amount adjusted : RM 2271 per month

** Assuming the new project need 3 years completion & vacant possession
You know how much need to bear extra cost each month if gradually increase OPR later !!
RM 450,000 x (5.00% - 4.25%) = RM 3375 per year

equivalent to RM 281 per month extra

Good rate for those who really want to buy property.

For a 10, 20 or 30 years loan, borrower cant escape OPR going up and down.

Hmm, meaning try to get loan offer with lower spread rate?

Hi Waghyu,

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.