Base Lending Rate Malaysia

The rates updated on 11 march 2020.

Base lending rate malaysia. The list below is the most recent one released by bnm as. 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. Base lending rate blr this is defined by central bank of the countries. Thus the interest or effective lending rate elr charged to the customer is 4 35.

Financial institution base rate base lending rate indicative effective lending rate 1. The following is the base rate of financial institutions in malaysia. Bank lending rate in malaysia decreased to 3 53 percent in october from 3 64 percent in september of 2020. Please contact the nearest maybank branch for the latest rates.

In january 2015 the base lending rate blr structure was replaced with a new base rate br system. Affin bank berhad. A bank may indicate that its blr is 6 80 and its lending rate is 2 45. This page provides malaysia bank lending rate actual values historical data forecast chart.

Written by imoney editorial. Latest blr base rate fixed deposit interest rates from every bank in malaysia. Meanwhile the base financing rate bfr is the blr s equivalent for islamic loan products. Bank lending rate in malaysia averaged 6 27 percent from 1996 until 2020 reaching an all time high of 13 53 percent in may of 1998 and a record low of 3 53 percent in october of 2020.

All interest dividend rates quoted may change without prior notice. New reference rate framework. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. Bank negara malaysia.

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. 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 base rate blr effective lending rates for banks in malaysia. Base rates base lending financing rates and indicative effective lending rates.

Latest bank lending fixed deposit interest rates.