I have not been updating this blog for quite sometimes. I need to re-plan my schedule.
I did not sleep well & ended up I was surfing the net. Well, it was an early surprise... BLR has raised from 5.55% (2009) to 6.6% (May 2011) Malaysia BLR History. Why I'm so ignorant on this recently? We are still paying same housing loan amount. The loan principal allocation has dropped from 35% to 17%. Worried....
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Showing posts with label Loan. Show all posts
Showing posts with label Loan. Show all posts
Housing loan interest
Bank Negara Malaysia's decision to increase the Overnight Policy Rate (OPR) by 25 points on 9th Mar 10 has increased BLR-based housing loan interest. Base Lending Rate (BLR) which is tied to OPR has increased from 5.55% to 5.80%.
For the month of March 10, I paid additional RM50++. I estimate the additional cost would be more than RM50++ next month because first 9 days of March was still using old rate.
From now onwards, I lose additional RM50++ now to bank :(
Even though today is April Fool, but I'm not fooling you la... But don't be fool by others :D
For the month of March 10, I paid additional RM50++. I estimate the additional cost would be more than RM50++ next month because first 9 days of March was still using old rate.
From now onwards, I lose additional RM50++ now to bank :(
Even though today is April Fool, but I'm not fooling you la... But don't be fool by others :D
Car Loan
If you are planning to get a car but the interest rate is too high or can’t find a guarantor, then don’t waste your time applying in tiger bank or ambank. Apply your car loan in a smaller bank like Affin Bank, you will be surprised your loan will be approved.
The guarantor is a big issue if the purchaser is less than 23 years old. In this day, who is willing to be the guarantor? Parents are the only possible candidates, I suppose. If your loan comes with a guarantor, your guarantor will be liable to your monthly installment if you failed to pay. It is better to opt for loan without guarantor so that you do not burden others if you fail to pay the monthly installment.
The interest rate is smaller issue. You can always get a better rate with higher deposit.
Why wait, identify your dream car, get ready your pay slips, bank statement & hunt for car loan in smaller bank. But the disadvantage is limited branch for smaller bank.
p/s: I’m not encouraging you to buy car even you cannot afford ya.
The guarantor is a big issue if the purchaser is less than 23 years old. In this day, who is willing to be the guarantor? Parents are the only possible candidates, I suppose. If your loan comes with a guarantor, your guarantor will be liable to your monthly installment if you failed to pay. It is better to opt for loan without guarantor so that you do not burden others if you fail to pay the monthly installment.
The interest rate is smaller issue. You can always get a better rate with higher deposit.
Why wait, identify your dream car, get ready your pay slips, bank statement & hunt for car loan in smaller bank. But the disadvantage is limited branch for smaller bank.
p/s: I’m not encouraging you to buy car even you cannot afford ya.
Anniversary
