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Current Base Lending Rate (BLR)
Base Lending Rate (BLR) is a
minimum interest rate calculated by banking institutions based on a formula
which takes into account the institutions’ cost of funds and other
administrative costs. Interest rates imposed on housing loans in Malaysia
are usually quoted as a percentage below the BLR. BLR has moved in tandem
with the Bank Negara Malaysia's Overnight Policy Rate (OPR). The OPR was
last changed in July 2014.
For
example, if the current BLR is 6.85%, the interest rate on a “BLR - 2.4%”
home loan would be 4.45%. Calculate your monthly instalments by using
the Home Loan Calculator
available in this website.
Any changes to the BLR will
affect pricing of both existing and new floating interest rate home loans.
However, fixed rate home loan packages will remain unaffected.
Effective 2nd January 2015, in
line with new Reference Rate Framework introduced by Bank Negara Malaysia
(BNM), Banks in Malaysia are implement a new reference rate to be known as
Base Rate (BR) to replace the Base Lending Rate (BLR) for all new consumers
lending.
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Current Base Lending Rate (BLR) |
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Local Commercial Bank |
% p.a. |
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Affin Bank |
6.85 |
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Alliance Bank |
6.85 |
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AmBank |
6.85 |
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CIMB Bank |
6.85 |
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Hong Leong Bank |
6.95 |
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Maybank |
6.85 |
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Public Bank |
6.95 |
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RHB Bank |
6.85 |
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Foreign Commercial Bank |
% p.a. |
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Bank of America |
6.30 |
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Bank of China |
6.60 |
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Citibank |
6.85 |
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Deutsche Bank |
6.60 |
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HSBC Bank |
6.85 |
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OCBC Bank |
6.90 |
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Standard Chartered Bank |
6.95 |
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The Bank of Nova Scotia |
6.85 |
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The Royal Bank of Scotland |
6.60 |
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United Overseas Bank |
6.80 |
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Updated on: 17 Mayl 2016
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