The BLR currently is so low in Malaysia and most of the financial institutes are competing with each other for the best rate to attract customers, What do you think will happen if all banks have the same rates and the customers will not need to compare the housing loan packages between banks. Is it a good news or bad news for consumers?

One of our consultant Jason Lii said:

“This plan will not benefit consumers because consumers will no longer be able to enjoy different rates and benefits offered by banks.”

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1 Comments to What will happen when all housing loan packages have the same interest rate?

  1. Deyendra Bhaskar

    I would like to add on for this topic actually..

    Customer can choose the fixed rate package if all the banks are having the same rate and competing with each other…

    This is actually is good news for consumers after all…

    Reply

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