Malaysia Base Lending Rate



Any changes to the base rate and blr will affect pricing of both existing and new floating interest rate home loans.

Malaysia base lending rate. Major banks in malaysia have adjusted their base lending rate blr upwards by at least 0 25. Bank lending rate in malaysia decreased to 3 70 percent in july from 3 89 percent in june of 2020. Blr for most major banks now stands at 6 85 any changes to the blr will affect pricing of both existing and new floating interest rate home loans.

Bank lending rate in malaysia averaged 6 30 percent from 1996 until 2020 reaching an all time high of 13 53 percent in may of 1998 and a record low of 3 70 percent in july of 2020. Financial institution base rate base lending rate indicative effective lending rate 1. Base rate br is in accordance to the new reference rate framework introduced by bank negara malaysia and it replaces the base lending rate blr as the pricing for retail loans effective 2nd january 2015.

Bnm has on 7 july 2020 reduced overnight policy rate opr from 2 00 to 1 75. Under br which now serves as the main reference rate for new retail floating rate loans banks in malaysia can determine their interest rate based on a formula set by the central bank. Bank negara malaysia.

Historically base rate and base lending rate blr has moved in tandem with the opr the opr was last changed in 22 january 2020. Please contact the nearest maybank branch for the latest rates. The monetary policy committee mpc of bank negara malaysia today 10 september 2020 decided to maintain the overnight policy rate opr at 1 75.

Affin bank berhad. Base rates blr and indicative effective lending rates of financial institutions as at 6 august 2020 release date. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy.

Base lending rate blr base rate history base rate forecast base rate faq base. Some banks have announced change to base rate and blr. All interest dividend rates quoted may change without prior notice.

Written by imoney editorial. Similarly its islamic base rate and base financing rate have also been reduced by 25 basis points to 3 52 per annum and 6 70 per annum respectively from 3 77 and 6 95 previously. Latest blr base rate fixed deposit interest rates from every bank in malaysia.

Latest bank lending fixed deposit interest rates.