What to know about Base Rate (BR), Base Lending Rate (BLR) and Standardised Base Rate (SBR) when selecting a housing loan?
Many Malaysians are still confused over the current Standardised Base Rate (SBR), which replaced the Base Rate in 2022. In this article, we dissect the differences between SBR, BR and BLR and explain how these rates affect your housing loan.
Previously, banks in Malaysia have been imposing a loan documentation fee of up to RM600 when processing housing loans. However, in Feb 2023, Bank Negara Malaysia (BNM) issued a notice for banks to cease charging loan documentation fees, much to the relief of property stakeholders.
In 2022, Bank Negara Malaysia (BNM) increased the Overnight Policy Rate (OPR) four times, from 2.00% to its current 2.75%. Since an increase in the OPR will translate to higher borrowing costs for consumers, we spoke to Financial Faiz to obtain some tips on how prospective home buyers can negotiate a lower interest rate.
Find out how to check home loan eligibility, what happens if your housing loan application is rejected and how you can use loan eligibility calculators such as LoanCare to avoid or minimise loan rejections in Malaysia.
Talks of the Government wanting to promote second-generation or dual-generation loans or housing loans is currently prevalent in Malaysia. This article takes a look at why such a proposal is not recommended as it would bring more harm than good to homeowners.
What happens when we need to cancel the loan application for our property purchase in Malaysia? Does cancelling a home loan application affect my credit score? Read this to find out!
Despite what many people think, applying for a house loan can be an easy and seamless process if you’ve prepared all the necessary documents. We’ve made it even easier for you by summarising the essentials of the loan application.
HCGC: How to apply for the Housing Credit Guarantee Scheme and what are the eligibility requirements
You don’t earn a fixed income and find it difficult to get a home loan? Let's apply for the Housing Credit Guarantee Scheme (HCGC) and find out the eligibility requirements.
What happens when you default on a housing loan in Malaysia? Learn more about the consequences of defaulting on home mortgage payments and 6 ways to prevent defaulting on your home loan as shared by a mortgage expert.
Check out the 5 tips on how to pay off a home loan faster in Malaysia and 4 considerations before paying off the mortgage early, offered by a mortgage expert.
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