But BoC has higher P than some of the other banks (about 0.25 higher, I believe)
But BoC has higher P than some of the other banks (about 0.25 higher, I believe)
prime is not even a meaningful term. 8-)
hibor is market traded term, the bankers association come in take a poll and determine the daily value.
prime is just a convenient way for the banks to charge the clients more. 8-P
P can and is decided independently by banks, so just make sure to ask what their using for P and not assume too much:
http://www.thestandard.com.hk/news_d...695&con_type=1
P is their discretion. that's the problem.
so hibor linked loan cld be a good idea. u know distinctly how much u are losing everymonth and how much the bank is making from u. 8-P