Appeal To Reduce Interest Rate

I spent 1 hour at one of the branch to fill in the form asking for reduction on housing loan interest rate due to the current package offered by the bank herself as well as other local banks.

I waited for another 2 weeks before i lost my patient again and called the Customer Service asking for the status of my appeal and she promised to look into it by sending the request again.

The next day, HQ sent out the "Offer Letter" and i received it 2 days later.

Total of days required:

17 days.

The Result:

I am able to revise my interest rate from BLR + 0.35% to BLR - 1.25%. Great? I can save more money (or settle the loan in shorter time). Why not? Only an hour and less than RM 1 to call. Of course some processing fee (my case RM50).


Conclusion:

for those housing loan package that more than 2 - 3 years where the package is still with BLR + something, i am advising you to appeal to your bank to reduce the package, you might not able to obtain the best rate, but you will definitely get what you can get in the same bank. Unless you refinance ....... after the lock-in period!

RM2,000 is minimum?

According to Amirsham A.Aziz (Minister of Prime Minister's Department - EPU), those earn less than RM2,000 considere low income group. It is also means that most of the fresh graduates are low income group as thier average starting pay is less than Rm2,000/mth.

During my father time, his pay was RM2/mth back in 1963. Of course the things were cheap as well during that time. By the time i was in primary school, my mum salary around RM 800 - 900, considered average salary. Still sufficient for the whole family after with my father income plus some saving. By the time i finished my study and started working in 2002, i got ~ Rm1,800 / mth. Masih ok lagi that time, petrol still cheap what, things still cheap as well. By the time my sister able to find a job in this 1 -2 mths i hope, she only able to get about RM2,000.00. The different of RM200 in six year period, but with highest inflation ever recorded, it is like nothing and in fact the money is shrinking. Two kids - still can la, One Kid - comfortable, No kid - at least one la. Go for two la, boring mah my son.

Conclusion: Work harder to get more money la.

Monorail & PORR Gone!

Both projects on hold as the fund for the projects relocated to other projects. I thought the money save from the subsidy of petrol should channel back to inprove the infrastructure of transportation? If the money save from petrol is being used at other area, then we are suffer 2X. One is pay more for petrol, second we have no choice but to continue using private vehicle.

Cakap Tak Serupa Bikin.

10 More Days To Go ......

Soon ...... 4th of July 2008!

Soon, will have the "license" to ......

Soon, can contribute again ......

Soon, six months since ......

Full Moon

It has been a month working in this new environment. Damn fast! One month plus since i left my previous employer, lagi damn fast! And many things had happended since i left. Of course the greatest (shocking for them) news was yesterday. So sudden.

Anyway, life have to go on, fight till the end. Life like a circle, it's the end, it's the beginning.

Master Obi Wan Kenobi: "The force will be with you, always......"

Fuel: Automatic Pricing Mechanism

Read more to understand the mechanism. Price of petrol should increase (no subsidy) in the long run, but after all the Malaysian are ready for that, with proper transportation system available.

Conclusion: Malaysia is Net exporter of Crude oil, Net importer of refined oil. In 2011, Malaysia will become Net Importer of Crude oil.

SAPP Quits?

2 pm, we will know!

In another related issue, a MP from PBS quited the party!

Bank Charges

Want to know how the banks charge the fee whenever you are performing some transactions?

For example, the biggest bank in Malaysia will allow you having four (4) times FOC ATM withdrawal in a month, after that, RM 0.50 / withdrawal unless your account has more than 5k. It is indeed earning from the poor!

Click here.