1380434 10201431210114979 1940676289 n small

From what I know, Base rate already start effective in Jan 2. Anyone know how the thing works and do it have a great impact on our property loan?

SHARE THIS TOPIC


Ziguan0413 small

Basically Base Rate is more fluctuate than Base Lending Rate, rather than Bank Negara Fixing the Base Lending Rate, Base Rate is revised every three months depending on the economy at that moment. In short, Base Rate will influence by the economy, when economy is good, Base Rate will be lower and the other side.

Img 5409 small

BNM reduced the OPR rate but CIMB still yet to reduct BR rate. so terrible.

Linkedin small

Maybank has just adjusted their BR recently. My loan amount has just been reduced. Yeshhh!

Signature 28 logo  custom  small

from personal experience, if the interest adjusted does not hit amount installment adjustment amount. The bank will not give you the option to reduce your installment?

However, the good news is you will definitely repay your loan sooner than the initial tenure as you are effectively paying "extra" every month towards your loan principle every month.

11742666 1019836258061535 5701415534937960421 n small

@virspirit thanks for sharing