Effective from 28 April 2006, new BASE LENDING RATE (BLR) is 6.75%
The last increase was on February 25, 2006 i.e from 6.25% ---> 6.50%
Imagine the effect of 1% increase in BLR :
Housing loan, say RM200K, 1% = RM2,000, thus additional RM2K interest to be borne by borrowers this year.
isk...iskk..iskk...and we are paying income tax at at rate between 20% to 27%. huh...
that's life.....
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