may i suggest - the highest we had was 3.25% (which is +1.25% from current)... so whatever approved you had now + 1.25% will be (maybe) the highest you might be paying. if BNM + more %, then the higher you pay lo.

Loan Amount: 500k
Tenure: 35y

If bank offer 3.2% now ≈ RM1981 per month
If BNM increase back to the historically highest 4.45% (3.2%+1.25%) ≈ RM2350 per month
So when the bank increase +1.25% that time, you need to pay RM369

On interest calculation is abit difficult to determine because if based on your outstanding amount unless you lay down the excel sheet for the above scenarios.

Yes of course the lower the better but so far I’ve seen lowest is 3.2% now.

Last time when I sign, so happened OPR -0.25%. So the rate they offer was from 4.40% to 4.15%. They say la, they say ah, don’t quote me, although the BR drop they will increase the spread rate to maintain around 4.30%~4.40%, just to jaga the bank’s profit.

Example,
Before -0.25%, bank offer = 3.77% BR + 0.63% SR = 4.40%
After -0.25%, bank offer = 3.52% BR + 0.63% SR = 4.15%
The following week, bank maintain back = 3.52% + 0.88% SR = 4.40%

Something like that (that’s what the banker tell me lahh)

To understand simpler, bank will anyhow adjust the rates to take care of their profits.