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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.
Base Rates, BLR and Indicative Effective Lending Rates of Financial Institutions as at 6 August 2020
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.
Indicative Effective Lending Rate. Public Bank 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 4.35% p.a. (i.e. SBR + 1.35%).
Bank Lending Rate in Malaysia decreased to 5.26 percent in August from 5.30 percent in July of 2024. Bank Lending Rate in Malaysia averaged 6.02 percent from 1996 until 2024, reaching an all time high of 13.53 percent in May of 1998 and a record low of 3.28 percent in January of 2022.
While we makes every effort to provide accurate and complete information, we strongly recommend that viewers to acquired latest Standardised Base Rate (SBR) / Base Rate (BR) / Base Lending Rate (BLR) / Base Financing Rate (BFR) information directly from its official website respectively.
On 11th August 2021, BNM released a revised Reference Rate Framework, which stated that a Standardised Base Rate (SBR) will be replacing the BR as the reference rate for new retail floating-rate loans.
