Jan 1 2009, 04:02 PM
QUOTE(litian @ Jan 1 2009, 02:54 PM)
Is it better to go for bank loan with say BLR-2% throughout tenure versus those that offer 5.2% for 5 years and BLR -2% thereafter? The key is really what will happen to the BLR in the next 5 years. What is your comment?
No one can predict.Take a step say 1-2 years ago...... many are commenting that fix rate of 5.5% is the way to go as economy back than was good and sales persons are showing charts that we're still at the lowest with BLR 6.75% and "predict" that BLR would increase.
But ever since sub prime issue hits and currently in global recession, everything changes. So those that had took the fix rate of 5.5% than might be cursing now as those that had a BLR - (whatever percentage) could have been the better deal.
So no one can really predict whether BLR would go up or down in the future.
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