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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 ]
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.
Effective 1 August 2022, the Standardised Base Rate replaced the Base Rate (BR) as the reference rate for new retail floating-rate loans. Existing BR- and BLR-based loans applied before the effective date will continue to be referenced against the BR and BLR respectively.
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.
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.
BLR/BFR was set by Bank Negara Malaysia (BNM) based on how much it costs to lend money/ provide liquidity to other financial institutions. Whereas BR, which came into effect on 2 January 2015, is determined by the Banks’ benchmark cost of funds and Statutory Reserve Requirement (SRR).
Curious about how the BNM rate affects the BR, BLR, and SBR in Malaysia, as well as the effect it has on your home loan? Read on to find out more!