{"id":17624,"date":"2023-07-08T15:02:01","date_gmt":"2023-07-08T07:02:01","guid":{"rendered":"https:\/\/kclau.com\/webinar\/?p=17624"},"modified":"2023-08-20T12:42:58","modified_gmt":"2023-08-20T04:42:58","slug":"interest-rate-hikes-how-to-cope-with-loan-repayments","status":"publish","type":"post","link":"https:\/\/kclau.com\/webinar\/interest-rate-hikes-how-to-cope-with-loan-repayments\/","title":{"rendered":"Interest Rate Hikes: How to Cope with Loan Repayments?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Since July 2022, I received 4 emails from my bank on the revision of my amount of mortgage installments. Of which, the interest rate rose by 1% progressively:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Before July 2022: 3.15% to 3.40%<br>Sep 2022: 3.40% to 3.65%<br>Nov 2022: 3.65% to 3.90%<br>May 2023: 3.90% to 4.15%<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, 1% increase in interest rate may seem inconsequential. But, if I put that into the interest costs based on the size of my mortgage, it would be an extra RM 1k a year for every RM 100k in outstanding mortgage balance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But, this 1% increase can also impact you if you have other types of loans which are more expensive. So, how are you coping with their loan repayments?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Therefore, I have invited Ng Ka Hoe, Founder of J Advisory to share about:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8211; A Case study on saving RM 1k\/mth &amp; RM 1k in interest in less than 60 days.<br>&#8211; A Loan interest calculation that 80% of Malaysians aren\u2019t aware of.<br>&#8211; Two Differences in interest calculation<\/p>\n\n\n<\/p>\n<p><script src=\"https:\/\/fast.wistia.com\/embed\/medias\/j142evfwrh.jsonp\" async><\/script><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 0 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_j142evfwrh seo=true videoFoam=true\" style=\"height:100%;position:relative;width:100%\">\n<div class=\"wistia_swatch\" style=\"height:100%;left:0;opacity:0;overflow:hidden;position:absolute;top:0;transition:opacity 200ms;width:100%;\"><img decoding=\"async\" src=\"https:\/\/fast.wistia.com\/embed\/medias\/j142evfwrh\/swatch\" style=\"filter:blur(5px);height:100%;object-fit:contain;width:100%;\" alt=\"\" aria-hidden=\"true\" onload=\"this.parentNode.style.opacity=1;\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n\n","protected":false},"excerpt":{"rendered":"<p>Since July 2022, I received 4 emails from my bank on the revision of my amount of mortgage installments. Of which, the interest rate rose by 1% progressively: Before July 2022: 3.15% to 3.40%Sep 2022: 3.40% to 3.65%Nov 2022: 3.65% to 3.90%May 2023: 3.90% to 4.15% So, 1% increase in interest rate may seem inconsequential. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan"],"_links":{"self":[{"href":"https:\/\/kclau.com\/webinar\/wp-json\/wp\/v2\/posts\/17624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kclau.com\/webinar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kclau.com\/webinar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kclau.com\/webinar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kclau.com\/webinar\/wp-json\/wp\/v2\/comments?post=17624"}],"version-history":[{"count":3,"href":"https:\/\/kclau.com\/webinar\/wp-json\/wp\/v2\/posts\/17624\/revisions"}],"predecessor-version":[{"id":17679,"href":"https:\/\/kclau.com\/webinar\/wp-json\/wp\/v2\/posts\/17624\/revisions\/17679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kclau.com\/webinar\/wp-json\/wp\/v2\/media\/17627"}],"wp:attachment":[{"href":"https:\/\/kclau.com\/webinar\/wp-json\/wp\/v2\/media?parent=17624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kclau.com\/webinar\/wp-json\/wp\/v2\/categories?post=17624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kclau.com\/webinar\/wp-json\/wp\/v2\/tags?post=17624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}