Business Improvement

BASE LENDING RATE (BLR)

BLR does not come with a flat story. It normally tells you the economy is bad or the economy is getting better.

 

At the same time, it comes along with other promotion or package for you too choose. Such as Housing Loan, Car Loan, and Business Loan. Changing a plan simply saves you a lot of money than the looking for discounts on the daily sundry goods.

 

When LOW

Benefits: Lower Interest Rate, Faster Payback or Settlement

Temptations: Extra Cash, Lower Payment Installment, Longer Period Pay Back (optional)

 

 

 


BLR UP when economy is good, a normal loan will take longer with extra more than 6 months installments.

BLR DOWN when economy is bad, a lower rate is offer, faster settlement with following calculations.

 

* You must break the initial plan in order to refinance for the lower rate.

 

 


 

 

Stage One
Original BLR 6.75%
BLR + 1.5% = 8.25%

Stage Two
Current BLR 5.95%
BLR + 1.5% = 7.45%

Stage Three
Refinance Rate
BLR - 2.20 = 3.75%
Loan Amount 200,000.00 200,000.00 200,000.00
Interest 273,070.00 194,351.15 55,079.34
Monthly Installment 1,576.90

1,576.90

1,576.90
Duration

25 years

 20 years 10months 13 years 6 months
Method   Auto Apply
Interest Saves   78,718.85

217,990.66

 

* Home Loan Calculator :

http://www.ambg.com.my/personal/financialtools/homefinancing.asp