QUOTE(contestchris @ May 12 2022, 12:48 AM)
Foe those of us with housing loans, how will we know how much extra to pay, given the rise in OPR?
How much outstanding you have? Yes will impact. But not much.Revised OPR impact on monthly repayment?
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 May 12 2022, 01:21 AM
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May 12 2022, 10:29 AM
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QUOTE(sjz @ May 12 2022, 10:26 AM) i was wondering on this scenario. OPR is not your interest rate, always plus premiumsome bank are slow to reduce their BR during the reduction of OPR in 2020. Some reduction of BR is not in tandem of OPR reduction, for eg OPR reduce 0.5, BR reduced by less than that. and even OPR at a low of 1.75%, some of their BR are still quite high. now as OPR eventually increase to, say 3%. will it cause the total effective interest (BR+Spread) to be higher for housing loan applicants taking loan during OPR 1.75% or OPR 3% before 2020? |
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