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When you
take out a home loan in Malaysia, you enter into an agreement with the
lender (usually a bank) and promise to repay your loan over an agreed
length of time (also known as the “loan tenure”). Interest rates for
home loans in Malaysia are usually quoted as a percentage below the
Base Lending Rate (BLR).
For
example, if the current BLR is 6.60%, the interest rate on a “BLR - 2.40%”
home loan would be 4.20%.
►Home Loan
Calculator - Calculate your monthly home loan installments quickly
based
on Base Rate / BLR.
►Loan Early Payoff Calculator - Calculate
your home loan early payoff
amount promptly.
Because your housing loan interest is calculated based on what you owe
on your home loan each month, by paying a little bit extra each month,
the interest on your loan in subsequent months will be lower.
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