Since July 2010, our Base Lending Rate (BLR) has increased 6.05% to 6.30%. As a result, borrowers have to pay additional months of installments. This is because when BLR increase, your interest payable or your loan tenure will also be increased subsequently.
Total loan amount = RM 100,000 to be repaid over 30 years.
Previous interest amount = 6.05%
Monthly repayment = RM 492 (assuming a 4.25% after BLR – 1.8%)