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  1. #1
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    jackong92 is on a distinguished road
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    Linguino What on earth is klibor???

    i know about base rate replaced base lending rate as of 2nd january 2015 and i bought a house back in 2013 and im still paying loan but what will happen when i bought it was still blr but now its br
    will my loan automatically change to BR or it will still be BLR
    if it automatically change for me whats the difference between the 2 loans
    Estonian Forex 160x600en

  2. #2
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    catwang90 is on a distinguished road
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    The thing that i knw about BR is it only applied for those ppl that apply loan this year, like for your case since u bought ur hse on 2013, your interest rate still with BLR until the end of loan tenure. For those that want to buy hse this year onwards, u'll be forced to sign with the new framework rate from BR! No option at all lor for us consumer these days.. BR will make u pay more only la cos its under this cost-plus structure, where the spread will always be positive as banks wont offer lending rates below the reference rate one la..

  3. #3
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    abraham205 is on a distinguished road
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    Its true that there are few banks having higher BR la.. but they can offer lower ELR to customers in order to remain competitive... HLB's officer had give me a clear explanation about BR cos I was making my new house loan there. U all can refer to the link i provided if there is any doubts lah
    https://www.hlb.com.my/main/info-cen...rate-base-rate

  4. #4
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    catwang90 is on a distinguished road
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    Quote Originally Posted by abraham205 View Post
    Its true that there are few banks having higher BR la.. but they can offer lower ELR to customers in order to remain competitive... HLB's officer had give me a clear explanation about BR cos I was making my new house loan there. U all can refer to the link i provided if there is any doubts lah
    https://www.hlb.com.my/main/info-cen...rate-base-rate
    i ask u la br stable ? answer is NOT so why u think the new framework for br is better it'll change every 3 months some more the malaysia's economy is not good and next month + GST
    i definitely prefer blr la cuz its flat rate not fluctuating cuz its set by bank negara malaysia according to the current economic situation

  5. #5
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    bazinga8888 is on a distinguished road
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    Hey guys, GST will be implemented soon in April, just about a month more.. Wondering if the GST will affect our hse loan as well??

  6. #6
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    jackong92 is on a distinguished road
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    Does this mean BR will gives more benefit in long term if we tend to apply loan to buy property? The BR will change every 3 months right? How about the spread leh? Is it fixed for the whole loan tenure? need more explanations on these...

  7. #7
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    bazinga8888 is on a distinguished road
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    Quote Originally Posted by jackong92 View Post
    Does this mean BR will gives more benefit in long term if we tend to apply loan to buy property? The BR will change every 3 months right? How about the spread leh? Is it fixed for the whole loan tenure? need more explanations on these...
    br still quite new bro its better that u compare the lending rates quoted by the different banks before taking out new loans
    u can ask them to explain more about why the change in br if hes gonna tell u the truth LOL

  8. #8
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    kangoo888 is on a distinguished road
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    seems like the GST will affect the BR. oh my... too much taxes got to pay.. the rate will increase

  9. #9
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    Roman T. is on a distinguished road
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    never heard about it


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