QUOTE(fahrur_07 @ Feb 19 2011, 07:49 AM)
hi
im currently have asb loan with maybank
i take 100k loan with maybank for 20 year since oct 2009
at that time, if im not mistake, the BLR is 5.xx (dont remember)
if the BLR change, does it mean the monthly payment also will change?
currently my monthly payment still same as maybank does not send any letter to me to change the monthly payment...
thanx
fahrur,im currently have asb loan with maybank
i take 100k loan with maybank for 20 year since oct 2009
at that time, if im not mistake, the BLR is 5.xx (dont remember)
if the BLR change, does it mean the monthly payment also will change?
currently my monthly payment still same as maybank does not send any letter to me to change the monthly payment...
thanx
I've asked this similar question long time ago, and the answer is yes, your monthly payment should change accordingly with the change of BLR. BLR increases, monthly payment increases.
http://forum.lowyat.net/index.php?showtopi...post&p=38529206
If you are paying less than the needed amount, you'd still have to pay for your loan by the time your tenure ends. So the best solution for now IMHO is to change your monthly SI accordingly and PAY back all the yearly outstanding amount from the increase of BLR since the first BLR change. (FYI right now it's standing at 6.30%).