A Personal Finance Blog for Malaysian: Cheaper loan

Sunday, February 27, 2011

Cheaper loan

How cheap is cheap loan? Mortgage should be the cheapest commercial loan.

As BLR now stands at 6.30%, a mortgage can be as cheap as BLR-2.45% i.e. 6.3%-2.45%=3.85% only.

It is barely 1% above FD rate...

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