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CIMB CAPPED BLR LOAN

 
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erekit



Joined: 23 Oct 2010
Posts: 29

PostPosted: Wed Feb 23, 2011 11:58 pm    Post subject: CIMB CAPPED BLR LOAN Reply with quote

CIMB Capped Rate Loan

You are guaranteed that interest rates will not rise beyond a certain, pre
agreed limit during the course of the loan.
Cost Savings if interest rates decline (where fixed rate loan doesn't have
this benefit)
Analysts are projecting interest rate to increase in 2011 onwards, a capped
floating rate loan will give you an advantage!
Attractive floating rates with a CAP!
Applicable for completed residential, commercial and industrial properties.


# Loan amount with a value of RM100,000 and above
# The capping of BLR is only for the first 3 or 5 years of the loan tenure.
Customers can apply every 3 or 5 years until end of loan tenure subject to
approval.
# Term loan
# Only completed properties
# Only Malaysian citizen
_________________
Victor
CIMB Mortgage Advisor
0164418785
victor.lim@cimb.com
erekit83@yahoo.com
KL/Selangor
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jit_lim



Joined: 09 Feb 2011
Posts: 18
Location: Selangor

PostPosted: Fri Feb 25, 2011 3:54 pm    Post subject: Reply with quote

Is that a fix rate?so after 3 year will follow blr again??
I know that ING got fix rate at 4.99%...so what about cimb cap rate???
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erekit



Joined: 23 Oct 2010
Posts: 29

PostPosted: Fri Feb 25, 2011 9:47 pm    Post subject: Reply with quote

This one is in between fix loan and normal loan.

Fix loan when BLR increase you benefit but when BLR decrease you not getting the benefit

Normal loan when BLR increase your life become harder, when BLR decrease your life is easier

Capped BLR when BLR increase you are safe, when BLR decrease you enjoy the benefit

Ya, this is only for 1st 3 years or 1st 5 years. thereafter follow normal loan. Can renew after the 1st 3 years or 1st 5 years but subject to approval

This capped BLR loan is ideal for those who feel BLR will increase in this few years.
_________________
Victor
CIMB Mortgage Advisor
0164418785
victor.lim@cimb.com
erekit83@yahoo.com
KL/Selangor
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