The BLR currently is so low in Malaysia and most of the financial institutes are competing with each other for the best rate to attract customers, What do you think will happen if all banks have the same rates and the customers will not need to compare the housing loan packages between banks. Is it a good news or bad news for consumers?
In my point of view, this plan will not benefit consumers as consumers will no longer be able to enjoy different rates and benefits offered by multiple banks.
Saturday, October 17, 2009
What will happen when all housing loan packages have the same interest rate?
Monday, August 3, 2009
Mortgage Lending Rate Malaysia MLR - New Mortgage benchmark by Malaysia Banking Institute
The Mortgage Lending Rate ( MLR) is a new benchmark which will be used by some Malaysia lender which is similar to Base Lending Rate (BLR). Whereas the BLR is bankwide business based, the MLR is mortgage business base. The BLR is based on Bank’s overall funding and business costs. MLR is based on the overall funding and business costs associated with the mortgage business.
The MLR may be revised quarterly/half yearly/ annually or at such times as may be determined by the Bank at the Bank’s absolute discretion subject to the guidelines, directives or circulars issued by Bank Negara Malaysia from time to time.
But should there be any revision, the MLR will be prominently displayed in the banking halls and website and also published the revised rate in major newspaper.
Thursday, June 18, 2009
Who Should Refinance?
Tuesday, May 12, 2009
Beware of CIMB fake email
Tuesday, April 28, 2009
Recently I just received an fault email from Maybank2U.. Please do not click on the link.... They are trying to get ur username and password.. You can see the email address is maybank2u@support.com.my.. is A FAKE.
Friday, April 3, 2009
Base Lending Rate (BLR) for Malaysia 2009
Malaysia home loan: A minimum interest rate calculated by financial institutions based on a formula which takes into account the institutions' cost of funds and other administrative costs.
List has moved
List has moved to http://www.fiscal-wise.com.my/LoanGuide/HistoricalBLR.aspx
Click here to go.
List has moved
List has moved to http://www.fiscal-wise.com.my/LoanGuide/HistoricalBLR.aspx
Click here to go.
| No. | Banking Institution | With Effect From | BLR (% p.a.) |
| 1 | Affin Bank Berhad | 02/03/2009 | 5.50 |
| 2 | Alliance Bank Malaysia Berhad | 02/03/2009 | 5.55 |
| 3 | AmBank (M) Berhad | 10/03/2009 | 5.55 |
| 4 | Bangkok Bank Berhad | 06/03/2009 | 5.55 |
| 5 | Bank of America Malaysia Berhad | 01/03/2009 | 5.55 |
| 6 | Bank of China (Malaysia) Berhad | 03/03/2009 | 5.55 |
| 7 | Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad | 06/03/2009 | 5.25 |
| 8 | CIMB Bank Berhad | 02/03/2009 | 5.55 |
| 9 | Citibank Berhad | 10/03/2009 | 5.60 |
| 10 | Deutsche Bank (Malaysia) Berhad | 03/03/2009 | 5.55 |
| 11 | EON Bank Berhad | 10/03/2009 | 5.55 |
| 12 | Hong Leong Bank Berhad | 03/03/2009 | 5.55 |
| 13 | HSBC Bank Malaysia Berhad | 02/03/2009 | 5.55 |
| 14 | J.P. Morgan Chase Bank Berhad | 03/03/2009 | 5.25 |
| 15 | Malayan Banking Berhad | 03/03/2009 | 5.55 |
| 16 | OCBC Bank (Malaysia) Berhad | 01/03/2009 | 5.55 |
| 17 | Public Bank Berhad | 03/03/2009 | 5.55 |
| 18 | RHB Bank Berhad | 02/03/2009 | 5.55 |
| 19 | Standard Chartered Bank Malaysia Berhad | 03/03/2009 | 5.55 |
| 20 | The Bank of Nova Scotia Berhad | 05/03/2009 | 5.55 |
| 21 | The Royal Bank of Scotland Berhad | 27/02/2009 | 5.25 |
| 22 | United Overseas Bank (Malaysia) Berhad | 06/03/2009 | 5.55 |
Source: www.bankinginfo.com.my
Tuesday, November 18, 2008
Saving on Groceries
Milo go up by 20 cents ah!? DIE lah!
Everything went up in a short period, but nothing went down. Although you don't hear the phrase of Milo's price is going up by x-Cents as often as you do during the 1999 crisis, you can now hear rambles of more expensive lifestyle in our beloved Malaysia.Saving on groceries is no easy task, especially at this period of time when the price of everything skyrocketed a few months back due to the fuel hike. Restaurant chefs are grinding their teeth to reduce costs and increase volume, engineers tremble in fear as raw materials get expensive, the supermarket 'tau-keh' pulls out his golden tooth to pawn it for half the original price so that he can supplement his quarterly losses, and the poor habitants in the kampung comes back with $1.00 instead of $10.00.
Japan has declared recession and it's 13-year low, Hong Kong was slapped in the face after Singapore's downfall; Malaysia has already felt it coming - Some of us already went berserk, some took the fall. There are ups and downs in every market, and usually there will be several entities who will gain economic growth during recession and also those who fall down on their knees and to take a bullet or two in the head. A good example is Prudential.
So how do you save on your groceries?
- Don't shop when you're hungry.
Shopping when you're hungry makes you purchase more. Seriously, it's an instinct many of us have and find it hard to combat. You're more likely to purchase snacks, chips or whole foods to fill that growly stomach of yours. Eat up before you go shopping - You may just save even more.
- The advertisement can be funny, but not necessarily good for your wallet.
Advertisements can be flashy, cute little things. Fun to watch. Ever seen that cute little mint advertisement where it replicated James Bond or the entertaining 20-second minty cool mint sweet ad? We're worried you get addicted to it, and drop by the store the next time you're going to the laundry.
- Make and bring a shopping list - Then STICK to it.
Not bringing a shopping list = Allowing your mind to go wild. At one point, your mind will select a wildcard and it'll usually end up in the 'I crave for this' section. Make a list of all the important groceries you need to purchase, then STICK to it. Nothing's worse than dropping your jaw when the bill shows up.
- Collect brochures/flyers or check on line to stock up on marked-down prices.
Shops like Tesco, Giant and Guardian run sales all year round. Be sure to look for their brochure, flyer, advertisement or sales 'pitch' when it's marked down. Identify those goods, then buy it when the price is low. Again, STICK to the ones that are on sale only.
- Set your shopping theme - Groceries only, NOT clothes.
The problem with many people is that they're drowned with convenience and a wide variety of selections. It's not entirely good or bad, but it may get out of hand. Set your goals for your shopping day - If I buy groceries today, it'll only be groceries. I won't linger in the panty shop to get myself a new set of lingerie or that cutesy panties I've been dying to own for the past 10 years.
- GILA sales aren't for every item. BODOH sales is.
Ever heard of GILA sales? It usually isn't very GILA, but there are great bargains during times like this. The Malaysian Mega Sale is a good time to start, and if you have that extra cash to spend, you can budget a little for the extras. Don't be fooled by the BODOH sales - If there is a sale, not all items are on extreme-bargain-buy-now-or-never-get-this-price-forever-sale. That will be BODOH sales.
- Check your receipts.
Cashiers make mistakes. Some are trained to make mistakes. Always check your receipt and items purchased before you leave the cashier area, or face a slap on the face with those extra bills. This applies not only to hypermarkets and stores nationwide, but also to restaurants and pharmacies. Make sure you get everything right before leaving the counter.
- Compare prices - More expensive doesn't equate better quality.
Tesco olive oil may compromise a little on quality as compared to Colavita's. Store-brand products aren't all that bad - Some get these prices out of bulk produces, or clever sways in the recipe. Try them out - It's not all THAT bad.
- Don't pay for convenience.
7-11s' are convenience stores. Some items in there can be more expensive of than your nearby hypermarket. Always plan your shopping well, and get everything (on your perfectly-written, concise and beautiful wallet-breaking-heart-stopping shopping list) at one shot. You don't want to run all the way to a convenience store and pay an extra RM0.30 for an item which you can get previously when you were shopping at Giant.
- Avoid pre-cooked, frozen and convenience food.
If you take a basic business course, you'll learn that charges on everything is thrown back to the end-user. Same goes to restaurants. Frozen/Convenience foods are usually more expensive - They charge extra for pre-cooking it, blast-freezing it and sometimes, re-packaging it into newer, nicer boxes.
Subscribe to:
Posts (Atom)
