Nov 19 2007, 10:22 AM
QUOTE(cskeong @ Nov 17 2007, 12:38 AM)
i'm currently looking for a bank for housing loans and i'm not very sure about this housing loan. i heard different views from different people regarding the housing loan.take for example i've received a package from a bank and it is stated that the blr is -1.85% for every year. so each month my installment would be rm 1063.
the problem here is that one friend told me that 1063 is the amount i have to pay no more no less. another friend told me that there is a glitch in the calculation. he told me that there is a blr + the bank interest......confused please help.
are you buying a completed property or under-construction property? Cuz my fren , worked as sales mortgage , and told me that, completed property or under-construction property have different interest rate . Blr = base lending rate = interest rate. the problem here is that one friend told me that 1063 is the amount i have to pay no more no less. another friend told me that there is a glitch in the calculation. he told me that there is a blr + the bank interest......confused please help.
Under-construction property will get a lower interest rate during construction period.
Completed property , maybe u can get a better rate than the Blr-1.85%.
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