My home loan oh My home loan

My Alliance bank home Loan Current package: BLR - 2.2

Before 20 July 2016 - BLR 6.82
After 20 July 2016 - BLR 6.67

Only 0.15% reduction??? How much I can save?? You may refer to below link:

http://www.howtofinancemoney.com/2016/07/bnm-cut-opr.html

So my home loan interest rate now is 4.47%.

Current 300k home loan interest rate is 4.65%, so I get 4.47%, not so bad lah.

News:
Kuala Lumpur, 20 July 2016 - Alliance Financial Group ("AFG" or "the Group") announced today that it is lowering its Base Rate by 15 basis points (0.15%) for loans/financing products, in view of Bank Negara’s recent Overnight Policy Rate (OPR) cut. 

With effect from 20 July 2016, the Base Rate (BR) for Alliance Bank Malaysia Berhad, Alliance Investment Bank Berhad and Alliance Islamic Bank Berhad will be revised from 3.97% per annum to 3.82% per annum. Concurrently, the Base Lending Rate (BLR) and the Base Financing Rate (BFR) will be revised from 6.82% per annum to 6.67% per annum. As a result, all loans/financing pegged to BR/BLR/BFR will be adjusted accordingly. 

Other related news:

PETALING JAYA: RHB Banking Group and Alliance Financial Group (AFG) both lowered their base rates (BR) and base lending rates (BLR) yesterday, albeit at a lower rate than their competitors – Malayan Banking Bhd, AMMB Holdings Bhd and CIMB Group Bhd.

RHB Bank and AFG’s BR, BLR and base financing rate (BFR) have been reduced by 10bps and 15bps respectively.

Maybank, AMMB and CIMB reduced their rates by 20bps.

Effective this Friday, RHB Bank and RHB Islamic Bank will reduce its BR by 10bps (0.1%) from 3.90% to 3.80% per year and BLR and BFR from 6.85% to 6.75% per year.

Jokes:
Japanese  Can Do Attitude:

If One Can Do,
I Can Do.
If No one Can Do,
I Must Do.

Malaysian Boleh Attitude:

If One Can Do,
Let Him Do.
If No one can Do
What can I Do?

Singaporean Kiasu Kiasi Attitude:

If Nobody Do,
I better Not Do.
If Everyone Do,
I DIE DIE MUST Do.

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