OPR & BLR Increase 10th July 2014

table affect in blr instalment

Bank Negara Malaysia (BNM) have increased the overnight policy rate (OPR) at 3.25% from 3.0% in the monetary policy committee (MPC). This OPR hike may translate to an increase in the pricing of loans for consumers. Banks had started to announce their increase in Base Lending Rate (BLR). Public Bank are one of the banks that had confirm their new BLR is 6.85% effective 10th July 2014. Most analysts are expecting a high probability of a rate hike in 2014, which it is true. While less a … [Read more...]

Change from Base Lending Rate (BLR) to Base Rate

Change from Base Lending Rate (BLR) to Base Rate

Home Loan News Bank Negara Malaysia (BNM) has recently announced that the Base Lending Rate (BLR), which is the primary reference point rate for new retail floating rate loans such as home loans, will likely be replaced by a new Base Rate effective 2 January 2015. The nation are going to have its new reference rate framework for pricing loans - “base rate” - from Jan 2 next year, a move to make the bank lending more transparent for customers. BLR was initially introduced to function as … [Read more...]

Keep it simple, Bank Negara tells insurance firms

Keep it simple, Bank Negara tells insurance firms

Insurance News:   To protect consumers, Bank Negara would like the insurance industry to help with making their own policies simpler for the public to comprehend.   The regulatory body has released product or service transparency and disclosure guidelines to insurance companies, emphasizing the significance of using “plain and intelligible language” when it comes to policy documents.   This really is to make it easy for consumers to comprehend their contractual legal rights and … [Read more...]

Tips For Home Loan Refinancing


Tips For Home Loan Refinancing So, you're wondering if refinancing your home loan is right for you. While, the principles behind refinancing are simple, the usual motivation is to get a better deal in terms of interest-rate fees and overall experience. Perhaps you're looking for more affordable repayment to pay your loan of sooner. But whatever the reason are, if you're considering moving your loan from one bank to another, you need to make sure that your next home loan full fill the … [Read more...]

Do you think you can survive increase of cost of living?


Hey guys, It’s been a while since i been talking to you guys. And I feel like I should do some post here to update on recent property market woes and what happening recently. As you know, bank Negara still maintain OPR (Over Night Policy rate), its mean our BLR still remain the same. And I hope it will continue until next quarter. For property sector, from my personal opinion, I been looking around and I found the property prices still skyrocket. And rental market quite good for … [Read more...]

How do I know if I can get a housing loan?

How do I know if I can get a housing loan

  To get an approval from bank, you first must understand the bank’s standard approval criteria. Generally, bank will look at following criteria.   1)  Borrower employment background Bank will prefer if customer working in Multi National Company (MNC) and working for more than 2 years. It’s show stability in employment and income. However, it doesn’t mean that if you are working in small company they do not keen. They will look at overall profile. Generally, they … [Read more...]

How much can I borrow?

how much can i borrow

This is the most important question to ask before purchasing any house. There is no point of buying a house and your loan is not approve right? The simple way to go about it, is by us helping you to calculate. Just go to our contact us page and fill up some information (just take 3 minutes to fill). And waiting to receive our Awesome Eligibility Report! This report will tell you how much you can borrow and your entitlement. So, try it out now by clicking here.  If you … [Read more...]

How to buy your first home?

how to buy your first home

Buying a house is never an easy task. You can easily get overwhelmed with the process and information that you get. So, how to buy a house with a stress free? The truth is buying a house never an easy task even though to professional like us. Sometimes, because we knows more, things can be more complicated. However, we can shares some easy tips to make your life easier.   a)  Understand the reason why you are buying the property You must set a goal on why you are buying this … [Read more...]

Base Lending Rate ( BLR) Expected To Increase Next Year


Bank Negara Malaysia ( BNM ) in the last meeting had agreed to maintain the current interest rates. However, did raised a concern over the increase of inflation for next couple of months. Due to government cut back on subsidies for 2 most important product Petrol and Sugar. As we know, Petrol RON 95 had increased for RM0.20 on last September. And in October government drop another bombshell to withdraw subsidies in sugar. The reason, increase of Diabetic Patients in Malaysia. Really? On … [Read more...]

Buy House Now or Wait?


Purchasing a house is an ongoing argument battle whether right or wrong. Should I buy a house now? Or should I wait? People said, with property price in Kuala Lumpur increase tremendously, for an average salary earner who works for 20 years without spending his salary for food or other items can’t afford to buy a house right now. Is this true? How terrifying is that fact? Even, some rumours going on if you do afford to buy house now and do not grab the opportunity, one day you … [Read more...]