House Loan Interest Rate Malaysia 2018
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.
House loan interest rate malaysia 2018. Do a quick calculation on your monthly repayments using our online housing loan calculator and save more. For a loan of rm500 000 at 4 50 you pay rm3 163 per month. Great savings as interest rates are calculated on daily rest. For private properties the following banks appear to be providing borrowers with the best fixed rate home loan packages.
Estimated interest rate 4 99 p a. Bank fixed rate home loan interest rates. A typical housing loan in malaysia would see the borrower making monthly payments for a certain period of time also known as the loan tenure until both the principal amount of the loan and interest are fully paid. Get interest rates from as low as 4 15 on your housing loan.
Maximum loan amount 90 of property price. Option for redraw facility for new conventional housing loans with an approved amount of rm100 000 and above. Terms conditions apply. According to data from bank negara malaysia bnm about rm40 billion worth of loans were approved between january and may.
Credit cards with exclusive annual fee waiver for the entire loan tenure for eligible customers. Compare this with 6 6 where you pay rm3 757 per month. To illustrate if the current br rate is pegged at 4 and the loan offered by your bank comes with a rate of br 0 45 percent the interest rate for your loan would be 4 45. Aia conventional term home loan has a fixed interest rate for entire tenure giving you financial protection against changes in the market rate.
As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. 1300 88 5465 bnmtelelink 603 2698 8044 general line bnmtelelink bnm gov my. Home loan interest rate. Malaysia housing loan interest rates.
For example if the current br rate is 4 00 update. The average housing loan interest rate in malaysia stands at about 4 65. In total you pay rm758 954 over 20 years. With interest rates ranging from 1 250 to 2 000 you will have a monthly mortgage repayment sum of around 1 941 to 2 119 for a 25 year home loan of 500 000.
4 65 br 3 9 citibank flexihome loan. Jalan dato onn 50480 kuala lumpur malaysia. Compare the cheapest home loans from over 18 banks in malaysia. Currently it is about 4 30 to 4 50 p a.