Base Lending Rate Malaysia 2020

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.

Base lending rate malaysia 2020. With effect from 9 july 2020. Indicative effective rate of a standard rm350 000 housing loan for 30 years. 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. Some banks have announced change to base rate and blr.

Base lending rate base financing rate. This page keep track on the changed and movement of base rate for each bank in malaysia since it become effective on jan 2 2015 with latest update on 15 july 2020. 5 40 maybank effective from 9 july 2020. 1 75 blr.

Bank lending rate in malaysia averaged 6 28 percent from 1996 until 2020 reaching an all time high of 13 53 percent in may of 1998 and a record low of 3 64 percent in august of 2020. As at 6 august 2020. Base rate islamic base rate. Latest blr base rate fixed deposit interest rates from every bank in malaysia.

This page provides malaysia bank lending rate actual values historical data forecast chart statistics economic calendar and news. For example if the current br rate is 4 00 update. Base rates blr and indicative effective lending rates of financial institutions as at 6 august 2020 release date. Effective 2 january 2015 base lending rate blr has been replaced with base rate.

Any changes to the base rate and blr will affect pricing of both existing and new floating interest rate home loans. The rates updated on 11 march 2020. As of 2nd january 2015 base lending rate blr has been updated to base rate br to reflect the recent changes made by bank negara malaysia and subsequently by major local banks the interest rate on a br 0 45 loan would be 4 45. Latest bank lending fixed deposit interest rates.

Bnm has on 7 july 2020 reduced overnight policy rate opr from 2 00 to 1 75. New reference rate framework. 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.