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Malaysia Bank Lending Rate data is updated monthly, averaging 5.311 % pa from Jan 1996 to Aug 2024, with 344 observations. The data reached an all-time high of 13.540 % pa in May 1998 and a record low of 3.277 % pa in Jan 2022.
Current Base Lending Rate (BLR) Bank Negara Malaysia (BNM) has on 3 November 2022 decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 2.75 percent. Historically, Standardised Base Rate (SBR), Base Rate (BR) and Base Lending Rate (BLR) has moved in tandem with the OPR.
Guide to Consumer on Reference Rate [Bahasa Melayu] Base Rates, BLR and Indicative Effective Lending Rates of Financial Institutions as at 6 August 2020. [ PDF, 40KB ]
Maybank Indicative Effective Lending / Financing Rate for a standard 30-years housing loan / home financing product with financing amount of RM350,000 and has no lock-in period is 4.25% p.a. (i.e. SBR + 1.25%).
Compare Bank Lending Rate by Country. Bank Lending Rate in Malaysia decreased to 5.26 percent in August from 5.30 percent in July of 2024. This page provides - Malaysia Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
6 sie 2024 · The Base Lending Rate (BLR) was designed to create a predictable interest rate across all the banks, which the calculation was transparent and could easily be found online. This resulted in similar mortgage rates across all the banks in Malaysia.
If a borrower has a bad credit rating, the bank may or may not impose a higher interest rate. While the BR is a key area to consider, here’s a list of other important things to note before purchasing your new home:
