What is klibor
posted by cheah goon yang in Malaysia forum
KLIBOR stand for Kuala Lumpur interbank offered rates , it is the estimated average interest rate charged when one bank borrows from another bank in Malaysia. Next year onwards, KLIBOR will replace BLR home loan. http://klse.i3investor.com/blogs/rhb/45052.jsp
No more conventional home loan anymore next year, All will replace with KLIBOR. The different between KLIBOR and BLR are, KLIBOR fluctuated more compare to BLR, due to it’s changes everyday. KLIBOR rate definitely be better, sometime is slightly lower than BLR loan though it changes every 3 mths.