Base Lending Rate Malaysia 2019

Latest bank lending fixed deposit interest rates.

Base lending rate malaysia 2019. The average is 8 1. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. New reference rate framework. Looking forward we estimate bank lending rate in malaysia to stand at 3 20 in 12 months time.

Bank negara malaysia bnm rule stipulates that no bank can offer retail loans at a rate lower than the br to any of its customers. Bank lending rate in malaysia is expected to be 5 02 percent by the end of this quarter according to trading economics global macro models and analysts expectations. The following is the base rate of financial institutions in malaysia. The bank s base rate br was lowered from 3 77 per annum to 3 52 per annum while its base lending rate blr was revised from 6 95 to 6 70 per annum.

Any changes to the blr will affect pricing of both existing and new floating interest rate home loans. In line with bank negara malaysia bnm new reference rate framework effective from 2nd january 2015 the base rate has replaced the base lending rate blr as the main reference rate for new retail floating rate loans. Latest blr base rate fixed deposit interest rates from every bank in malaysia. Their fixed deposit and islamic time deposit rates will also be decreased by 0 25 a move that is unfortunate but in line with bank negara s overnight policy rate opr cut.

The rates updated on 11 march 2020. The new rates came into effect on 13 may 2019. Indicative effective lending rate refers to the indicative annual effective lending rate for a standard 30 year housing loan home financing product with financing amount of rm350k and has no lock in period. Effective 2 january 2015 base lending rate blr has been replaced with base rate.

Base rate faqs present base rate. This brings down the base rate from 4 08 to 3 83 and the base lending rate and base financing rate from 7 01 to 6 76. Historically base lending rate blr has moved in tandem with the opr. Base rates blr and indicative effective lending rates of financial institutions as at 6 august 2020 release date.

5 40 maybank effective from 9 july 2020.