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 WIll BLR in future increase from 6.75% or lower, (Discuss)

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xuzen
post Jul 9 2010, 02:20 PM

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I have just read HwangDBS quarterly report. They predict the OPR to go up by 25 basis points per quarter until it reaches 3.25% and will maintain there at least throughout 2011.0

Since BLR is pegged against OPR, it means it will go up.

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xuzen
post Jul 10 2010, 01:08 PM

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QUOTE(leongal @ Jul 10 2010, 12:05 AM)
hmm.gif i wonder how the change in monthly repayment works....ever since the first hike, i don't see any change in the monthly repayment amount
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The monthly payment remains the same, but a bigger chunk of it will go to pay the bank interest.

The end result is that your term will become longer.

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