Base Lending Rate Malaysia History

Major banks in malaysia have adjusted their base lending rate blr upwards by at least 0 25.

Base lending rate malaysia history. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. Base rates blr and indicative effective lending rates of financial institutions as at 6 august 2020 release date. 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. Disclaimer the historical data stated above are for reference only.

The public bank base rate blr historical data stated above are for reference only. 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. Base lending rate history below table shows the malaysia base lending rate blr record from year 1989 to year 2014. 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.

The rates updated on 11 march 2020. While we makes every effort to provide accurate and complete information we strongly recommend that viewers to acquired latest base rate blr bfr information directly from its official website respectively. While we makes every effort to provide accurate and complete information we strongly recommend that viewers to acquired latest base rate blr bfr information directly from its official website respectively. The following is the base rate of financial institutions in malaysia.

Written by imoney editorial. This page provides malaysia bank lending rate actual values historical data forecast chart statistics economic calendar and news. 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. 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.

In january 2015 the base lending rate blr structure was replaced with a new base rate br system.