I am sorry for not being able to update my blog for the last 6 weeks. It had been an amazing one and a half months partly because my home country, Malaysia is experiencing some exciting new chapters in her history.

Okay back to the topic. I always promised readers that this blog had been created to help those achieve financial discipline and in the longer term financial independence. You need discipline before you can achieve independence. Any other way to financial independence would mean you have taken short cuts and hence may not be good when it comes to maintaining your independence.

Just an indication of the number of loans I have under me. Think somewhere in the middle of 0 and 100, and you will find the answer. I don’t want to be too explicit. Fact is because of the volume of loans I have with bankers, there are certain priviledge which I can negotiate for.

The interest at the moment on the market for residential properties have dropped to BLR - 2.0%. I know most banks can offer that rate to you. So if you notice your rates are way above that for the tenure of your loan, make your way to the nearest branch that services your loan, and demand a reduction. Yeah, you heard me. But ensure you have been a good paymaster. Otherwise any demand would fall onto deaf ears. The banking industry has never been this competitive in the market. Many smaller banks are feeling the pressure to match the loan pricing and frankly, most banks would take a bit more than two years to recover the cost of the loan which is why they are tying you in for 5 years strictly.

Even if you are within the penalty period, but if you have been a good paymaster, the banks are likely to reconsider your demand. So if you managed to save XXX amount of money, please do not hesistate to leave a comment. I would love to see more and more of you save money from the tips here.

p.s. I know a couple of bankers who would offer lower, but that is for you to find out who they are and what they can offer. Never feel shy in asking your bank for a lower rates.