i beg for my lack of knowledge, but the current BLR rate is 6.75(2008)? normally I always see bank housing loan adds of BLR - 1.2% etc.......(highest i saw eon bank blr - 2.3%, donno true or not) so basically, it would be somewhere around 4.4%-5% of annual interest (calculate from balance of loan or sum of loan? )a slight increase of 1% would be very much

so lets do a simple math :

sum of loan : 200, 000k
years of repayment : 30years
interest : BLR-(bank discount 1-2%)
eg:6.75 - 1.55 = 5.2%
monthly payment =RM1,098.22

http://www.ambg.com.my/personal/financialt...mefinancing.asp

any comments?

This post has been edited by pilotHans: Oct 21 2008, 01:37 PM