Financial OPR after MPC this thu, MPC on 13 May 2010
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 Jan 21 2009, 10:03 PM
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#1
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Junior Member
474 posts Joined: Nov 2007  
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Posted deleted due to incorrect information at time of post.
regards, Merce Chua Mortgage Sales Executive OCBC Bank (M) Bhd 019 - 913 1127 ChuaCChie@OCBC.com ---------------------------- Call me for the FREE items!! FREE OCBC Mortgage Loan consultancy. FREE OCBC Personal Loan consultancy. This post has been edited by merce: Jan 22 2009, 01:09 PM |
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Jan 22 2009, 01:07 PM
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#2
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Junior Member
474 posts Joined: Nov 2007
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QUOTE(merce @ Jan 21 2009, 10:03 PM) BLR is at 5.75% at the moment. Sorry for the miss leading information. with BLR - 2.0% rates, you would have an interest charge of 3.75% per annum... But do take note that banks have a floor rate of 4%. well its better than none right?  i think there will be some changes in spread rate in the near future... my 2 cents  regards, Merce Chua Mortgage Sales Executive OCBC Bank (M) Bhd 019 - 913 1127 ChuaCChie@OCBC.com ---------------------------- Call me for the FREE items!! FREE OCBC Mortgage Loan consultancy. FREE OCBC Personal Loan consultancy.  BLR IS NOT 5.75% at the moment My humble apology for the confusion and inappropriate post of details. Regards, Merce Chua Mortgage Sales Executive OCBC Bank (M) Bhd 019 - 913 1127 ChuaCChie@OCBC.com ---------------------------- Call me for the FREE items!! FREE OCBC Mortgage Loan consultancy. FREE OCBC Personal Loan consultancy. |
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Jan 22 2009, 01:24 PM
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#3
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Junior Member
474 posts Joined: Nov 2007
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QUOTE(amoxicilin @ Jan 22 2009, 11:30 AM) Can anyome pls let me know what is SPREAD RATE & FLOOR RATE ? Spread rate = the rate determine by the banks or mortgage institute after BLR. ie BLR -2.0% <----2.0% is known as spread rate. Floor rate = the minimum interest chargeable on an account. -as appose to Ceiling rate, which is the maximum interest chargeable on an account. Regards, Merce Chua Mortgage Sales Executive OCBC Bank (M) Bhd 019 - 913 1127 ChuaCChie@OCBC.com ---------------------------- Call me for the FREE items!! FREE OCBC Mortgage Loan consultancy. FREE OCBC Personal Loan consultancy. |
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Jan 29 2009, 08:51 PM
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#4
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Junior Member
474 posts Joined: Nov 2007
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as of now there's only 1 bank adjusted their BLR to 5.75%
some local ones has announced BLR at 5.95% starting on the 3rd Feb... the rest still no news... Regards, Merce Chua Mortgage Sales Executive OCBC Bank (M) Bhd 019 - 913 1127 ChuaCChie@OCBC.com ---------------------------- Call me for the FREE items!! FREE OCBC Mortgage Loan consultancy. FREE OCBC Personal Loan consultancy. |
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Feb 4 2009, 11:03 PM
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#5
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Junior Member
474 posts Joined: Nov 2007
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OCBC has reduced its BLR to 5.95% effective 3rd Feb 2009
Sorry that i cant get this post any sooner... i have to attend to piles of refinance cases and applications, hopefully to be done before any sudden announcement of changes in spread...  i think i need a P.A... regards, Merce Chua Mortgage Sales Executive OCBC Bank (M) Bhd 019 - 913 1127 ChuaCChie@OCBC.com ---------------------------- Call me for the FREE items!! FREE OCBC Mortgage Loan consultancy. FREE OCBC Personal Loan consultancy. |
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