Question: What is the BLR rate in Malaysia?

Base Lending Rate / Base Financing Rate 5.40% per annum
Base Rate / Islamic Base Rate 1.75% per annum
Indicative Effective Rate of a Standard RM350,000 Housing Loan for 30 Years 3.25% per annum
With effect from 9 July 2020

What is current BLR?

BNM has on 7 July 2020 reduced Overnight Policy Rate (OPR) from 2.00% to 1.75%. Historically, Base Rate and Base Lending Rate (BLR) has moved in tandem with the OPR. The OPR was last changed in 22 January 2020.

What is BLR interest rate?

Latest Base Rate (BR)

Name Base Rate BLR
Alliance Bank [ Updated On: 13 Aug 2020 ] 2.57% 5.42%
Ambank [ Updated On: 13 Aug 2020 ] 2.60% 5.45%
CIMB Bank [ Updated On: 13 Aug 2020 ] 2.75% 5.60%
Citibank [ Updated On: 13 Aug 2020 ] 2.40% 5.55%

What is CIMB BLR rate?

Reference Rate 2.75% p.a Interest / Profit Rate BR + 0.75% p.a.

How base rate is calculated?

Base rate calculation is done by taking a lot of factors into consideration. These include the cost of deposits, the administrative costs borne by the bank, the profitability of the bank in the previous financial year and the unallocated overhead costs among other things.

Is base rate same for all banks?

The base rate is the minimum rate of interest that is set by a country’s central bank for lending a loan. This rate is usually taken as the standard interest rate by all the banks functioning in that country.

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What is the difference between base rate and BLR?

The Base Rate (BR) is an interest rate that the bank refers to, before it decides on the interest rate to apply to your home loan. Prior to 2015, that interest rate was referred to as the Base Lending Rate (BLR).

What is spread rate?

Key Takeaways. The net interest rate spread is the difference between the interest rate a bank pays to depositors and the interest rate it receives from loans to consumers. The net interest rate spread is instrumental to a bank’s profitability. It can be useful to think of the net interest rate as a profit margin.

What is overnight policy rate Malaysia?

OPR is an overnight interest rate set by our central bank, Bank Negara Malaysia (BNM) that determines the rate of interest for financial institutions that lend each other money overnight.

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