Base Lending Rate Malaysia

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.

Base lending rate malaysia. Meanwhile the base financing rate bfr is the blr s equivalent for islamic loan products. Please contact the nearest maybank branch for the latest rates. Latest blr base rate fixed deposit interest rates from every bank in malaysia. Some banks have announced change to base rate and blr.

The overnight policy rate opr from bank negara malaysia bnm is reference for banks in blr adjustments but there might differ from bank to others bank. Latest base rate blr effective lending rates for banks in malaysia. Bnm has on 7 july 2020 reduced overnight policy rate opr from 2 00 to 1 75. Base lending rate blr this is defined by central bank of the countries.

As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. Bank lending rate in malaysia remained unchanged at 3 64 percent in september from 3 64 percent in august of 2020. Thus the interest or effective lending rate elr charged to the customer is 4 35. Major banks in malaysia have adjusted their base lending rate blr upwards by at least 0 25.

This page provides malaysia bank lending rate actual values historical data forecast chart. 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. A bank may indicate that its blr is 6 80 and its lending rate is 2 45. 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.

Any changes to the base rate and blr will affect pricing of both existing and new floating interest rate home loans. Base rates blr and indicative effective lending rates of financial institutions as at 6 august 2020 release date.