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Malaysia Banking Institutions’ Base Lending Rate (BLR)

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Rates last refreshed on 20th Jan 2011.
Rates unchanged since 1st Oct 2010.
Source: www.bankinginfo.com.my

No. Banking Institution With Effect From BLR (% p.a.)
1 Affin Bank Berhad 13/07/2010 6.30
2 Alliance Bank Malaysia Berhad 13/07/2010 6.30
3 Alliance Islamic Bank Berhad 13/07/2010 6.30
4 AmBank (M) Berhad 13/07/2010 6.30
5 Bangkok Bank Berhad 14/07/2010 6.30
6 Bank of America Malaysia Berhad 13/07/2010 6.30
7 Bank of China (Malaysia) Berhad 14/07/2010 6.30
8 Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad 14/07/2010 6.00
9 CIMB Bank Berhad 13/07/2010 6.30
10 Citibank Berhad 13/07/2010 6.30
11 Deutsche Bank (Malaysia) Berhad 15/07/2010 6.30
12 EON Bank Berhad 14/07/2010 6.30
13 Hong Leong Bank Berhad 14/07/2010 6.30
14 HSBC Bank Malaysia Berhad 13/07/2010 6.30
15 J.P. Morgan Chase Bank Berhad 15/07/2010 6.20
16 Malayan Banking Berhad 13/07/2010 6.30
17 OCBC Bank (Malaysia) Berhad 13/07/2010 6.30
18 Public Bank Berhad 13/07/2010 6.30
19 RHB Bank Berhad 13/07/2010 6.30
20 Standard Chartered Bank Malaysia Berhad 13/07/2010 6.30
21 The Bank of Nova Scotia Berhad 14/07/2010 6.30
22 The Royal Bank of Scotland Berhad 15/07/2010 6.00
23 United Overseas Bank (Malaysia) Berhad 13/07/2010 6.30

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Malaysia’s Base Lending Rate Latest Trend since 2003


Malaysia Latest Base Lending Rate Trend since 2003

Source: Bank Negara's Monetary Policy Statements





Malaysia Base Lending Rate (BLR) History and Trend Chart Since 1976

Malaysia Historical Base Lending Rate Trend Chart

Click to Enlarge

  • http://www.meshio.com yowchuan

    Another 25 basis points increment to our OPR. This is the 3rd increment in the year 2010. The first increment was back in 4th March, whereby the rate was increased from 2.00 percent to 2.25 percent. The second increment was in 13th May 2010, where the rate was increased from 2.25 percent to 2.50 percent. On July 7th, the rate is now officially 2.75 percent.

    In just half a year, the OPR has been raised 0.75 percent. You might need to negotiate harder to get a better deal for your loans now.

    At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to raise the Overnight Policy Rate (OPR) by 25 basis points to 2.75 percent. The floor and ceiling rates of the corridor for the OPR are correspondingly raised to 2.50 percent and 3.00 percent respectively.

    The global recovery has continued in the second quarter, supported by robust and broad-based growth in most emerging economies, in particular Asia , and a moderate recovery in the advanced economies. Nevertheless, volatility in the international financial markets has increased following concerns over the ongoing sovereign debt crisis in several advanced economies. These developments have raised uncertainties on the potential impact on the international financial system and the global economic activity. Going forward, while the assessment is for the global recovery to continue, there is increased risk that the global growth momentum could moderate.

    Read the full “Monetary Policy Statement” here.

  • Acescube2010

    Since beginning of 2010, Base Lending Rate (BLR) has increased 0.5% to 6.05% effective May 2010. As a result, borrowers have to pay additional 65 months of instalments, meaning their loans period has been extended by more than 5 years.
    According to the local authorities, it will increase another … See More+0.25% by second half of the year. Under such circumstances, do you think it will affect you and other properties owners in the market quite badly? Frankly, no one could escape from the effect of BLR increased, unless we are buying our properties without any borrowings. As a matter of fact, even the Rich will acquire properties with borrowings due to the limitations imposed by the local’s rules & regulations. Hence, as a borrower, as long as you are loaning from the lender, when BLR increase, your interest payable or your loan tenure will also increase substantially. The question now is what options do you have to curb with the circumstances? And most importantly, all lenders are Profit Organizations, do you think they can really help you? Now, if there is a way to help you and other property owners to reduce interest payable despite BLR increased, how many people in the market do you think would need this service? The good news is we could help you to reduce interest payable despite BLR increased by providing a 99% accuracy auditing onto your existing mortgage loans. Similar method already been used in Australia and United States over the years and Success is Guaranteed. Over there, when the borrowers have their loans approved, they will immediately go to subscribe the auditing program so that they could immediately enjoy the benefits. Such an auditing program is now available in Malaysia. The system is proven to be highly effective and the question now is whether are you aware about it? Now, just allocate one and the half hours of your time with us and we will show you HOW……for more inquiry email as to acescube2010@gmail.com or call as 010-5267484.

  • C_nyethau

    Hi everyone, since we know this is the fact and we can't control when BLR is increased. So did you have any solutions to settle it? The answers is NO. If you can manage to save or shorten your repayment, why you still pay more and the outstanding balance is still the same? Did the bank officer answer your question? did u sactisfied what you are paying now?
    Recently i presented my services to my customer and the feedback is they even don't know how serious is it when BLR increased?? And they don't even bother how important is when BLR increased.

    AceScube77777

  • http://allmortgagebanks.com/ Mortgagebank

    Base Lending Rate (BLR) is a base interest rate calculated by financial institutions according to a formula which takes into account the institutions cost of funds and other administrative costs. Table below is the latest BLR published by commercial banks in Malaysia.

  • Dan Curtis7

    Those who have taken conventional housing loan please email me at dan.curtis7@gmail.com, i want to reveal what banks have not telling you all these while about your loan. Also, i’ll give solution to cut your interest and repayment time in half or more. Not refinancing or remortgage. I have proven solution. Email me now with subject “BLR Management”. Thanks!

  • gerrard

    Regards,

    This is a good opportunity to get a loan. Our interest rate is very reasonable and our loan process is very fast too.

    We are ready to make all your financial troubles a thing of the past. If you are really willing to solve your financial problems i will want you to write back to us on
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  • http://www.meshio.com yowchuan

    MIDF Research believes Bank Negara Malaysia might raise the Overnight Policy Rate (OPR) by 50 basis points to 75 basis points to 3.25-3.50 per cent in the second half of the year.

    In a research note today, it said the anticipated raise was premised on the view that BNM will lean on growth and unemployment in favor of inflation although the risk or higher inflation and lower growth have increased.

    “The cost-push inflation driven by supply-shocks tends to limit the effectiveness of the monetary policy, and raising OPR will weigh on households real income and hence will alleviate the risk of debt-servicing defaults,” it said.

    Furthermore, business investment will get hurt from declining profits, and it said the higher OPR will curtail business investment and employment.

    “Despite being a net oil exporter, the Malaysian economy is vulnerable to slower growth and high inflation flared by high crude oil prices.

    “If left unchecked, especially if BNM decides to leave its OPR unchanged at 2.75 per cent level, it will weaken the ringgit,” it said.

    Assuming the central bank will raise the rates, MIDF Research said it will also strengthen the ringgit, and at the same time sacrifice some level of export competitiveness to shield domestic consumers against imported inflation especially being a net importer of food which is vulnerable to surging oil prices.

    It expects OPR to be raised by 25 basis points in the first half, mainly to address the widening gap of real returns that will erode purchasing power if inflation continues to accelerate, and to avoid a situation of net capital outflow mainly due to capital inflow becoming less attractive as the ringgit weakens.

    Furthermore, it added the earlier hike will stem rising import cost especially food items since Malaysia is a net importer owing to the weakening ringgit.

    “Rising crude oil prices will have a direct impact on inflation and dampen domestic demand as well as economic growth from the erosion in real disposable income,” it added.

    Inflation is expected to kick-in through secondary effects namely transfer pricing from higher input costs on the supply side.

    MIDF Research added domestic risk is expected to rise as well, thus forcing foreign investors to be on the sideline and local players becoming increasingly cautious. — Bernama

  • http://www.meshio.com yowchuan

    The Overnight Policy Rate, the key benchmark interest rate, was kept at 2.75 per cent

    Bank Negara Malaysia (BNM) left borrowing costs unchanged yesterday as expected but warned it will have to manage the rising amount of money building up in the domestic financial system.

    The Overnight Policy Rate (OPR), the key benchmark interest rate, was kept at 2.75 per cent at the monetary policy committee’s first meeting for the year.

    The central bank said the level is consistent with its assessment of economic growth and inflation prospects.

    It was a market-anticipated move, which is expecting hiking cycle to start in its next March 11 meeting.

    Wu Kun Lung, economist with Credit Suisse, thinks BNM will be in no hurry to resume its rate hike and will only do so in the second half of the year.

    “In our view, output remains below pre-crisis level and demand-pull inflation is likely to stay low until the export sector recovers.”

    Standard Chartered Bank economist Alvin Liew said BNM did not prepare the market for more hikes but inflation was featured more prominently.

    He anticipates the OPR rising to 3.5 per cent by mid-2011, as inflation expectations are likely to rise with more economic activities, higher commodity prices and gradual subsidy cuts.

    The monetary policy committee said the large and volatile shifts in global liquidity are leading to a liquidity build-up in the domestic financial system.

    “While the liquidity in the financial system has been manageable, going forward, additional policy tools such as the statutory reserve requirement and macro-prudential lending measures may be considered to avoid the risks of macro economic and financial imbalances,” it said.

    BNM said in the Asian region, where growth has moderated amid weaker external demand, domestic economic activity continues to provide strong support to growth.

    “The region is also being affected by global inflationary pressures arising from the higher commodity and food prices.”

    The Malaysian economy, BNM said, is likely to grow at a steady pace in 2011, underpinned by continued firm expansion in the domestic demand amid more moderate external demand.

    As for inflation, it said, the rise to 2.2 per cent in December was mainly on higher food and energy prices.

    “Prices are expected to increase at a modest pace in the coming months, driven primarily by rising global commodity and food prices.

    “Inflation will continue to be driven by supply factors with limited evidence of excess demand exerting pressure on prices,” BNM added.

    Credit Suisse’s Wu said if oil prices were to rise further, the government may hike fuel prices more frequently to reduce subsidy costs.

    “We estimate that if the government were to liberalise fuel prices at the current prices of around US$90 (RM274.50) per barrel, it would add about 1.5 per cent to 2 per cent to headline inflation, bringing year-on-year inflation to 4 per cent or more.

    “Another way to reduce cost of subsidy is to allow further ringgit appreciation. If growth momentum gradually picks up in coming months as we expect, BNM might feel more comfortable in letting the currency appreciate further,” Wu added.

    Source: Business Times

  • http://www.meshio.com yowchuan

    The Overnight Policy Rate, the key benchmark interest rate, was kept at 2.75 per cent

    Bank Negara Malaysia (BNM) left borrowing costs unchanged yesterday as expected but warned it will have to manage the rising amount of money building up in the domestic financial system.

    The Overnight Policy Rate (OPR), the key benchmark interest rate, was kept at 2.75 per cent at the monetary policy committee’s first meeting for the year.

    The central bank said the level is consistent with its assessment of economic growth and inflation prospects.

    It was a market-anticipated move, which is expecting hiking cycle to start in its next March 11 meeting.

    Wu Kun Lung, economist with Credit Suisse, thinks BNM will be in no hurry to resume its rate hike and will only do so in the second half of the year.

    “In our view, output remains below pre-crisis level and demand-pull inflation is likely to stay low until the export sector recovers.”

    Standard Chartered Bank economist Alvin Liew said BNM did not prepare the market for more hikes but inflation was featured more prominently.

    He anticipates the OPR rising to 3.5 per cent by mid-2011, as inflation expectations are likely to rise with more economic activities, higher commodity prices and gradual subsidy cuts.

    The monetary policy committee said the large and volatile shifts in global liquidity are leading to a liquidity build-up in the domestic financial system.

    “While the liquidity in the financial system has been manageable, going forward, additional policy tools such as the statutory reserve requirement and macro-prudential lending measures may be considered to avoid the risks of macro economic and financial imbalances,” it said.

    BNM said in the Asian region, where growth has moderated amid weaker external demand, domestic economic activity continues to provide strong support to growth.

    “The region is also being affected by global inflationary pressures arising from the higher commodity and food prices.”

    The Malaysian economy, BNM said, is likely to grow at a steady pace in 2011, underpinned by continued firm expansion in the domestic demand amid more moderate external demand.

    As for inflation, it said, the rise to 2.2 per cent in December was mainly on higher food and energy prices.

    “Prices are expected to increase at a modest pace in the coming months, driven primarily by rising global commodity and food prices.

    “Inflation will continue to be driven by supply factors with limited evidence of excess demand exerting pressure on prices,” BNM added.

    Credit Suisse’s Wu said if oil prices were to rise further, the government may hike fuel prices more frequently to reduce subsidy costs.

    “We estimate that if the government were to liberalise fuel prices at the current prices of around US$90 (RM274.50) per barrel, it would add about 1.5 per cent to 2 per cent to headline inflation, bringing year-on-year inflation to 4 per cent or more.

    “Another way to reduce cost of subsidy is to allow further ringgit appreciation. If growth momentum gradually picks up in coming months as we expect, BNM might feel more comfortable in letting the currency appreciate further,” Wu added.

    Source: Business Times

  • http://www.meshio.com yowchuan

    The decision to raise the statutory reserve requirement is to manage the risk of excess liquidity from large shifts in capital flows into the Asian region

    As expected, Bank Negara Malaysia (BNM) left borrowing costs unchanged at 2.75 per cent yesterday but raised the amount of money banks must keep at the central bank.

    Starting in April, the statutory reserve requirement (SRR) will be doubled to 2 per cent.

    It said that the decision to raise the SRR was to manage the risk of excess liquidity from large shifts in capital flows into the Asian region which would result in financial and macroeconomic imbalances.

    In the case of Malaysia, the assessment is that the rise in liquidity in the domestic financial system has thus far been well-managed.

    BNM also said the SRR is an instrument to manage liquidity and not a signal on the stance of monetary policy like the Overnight Policy Rate (OPR).

    The SRR ratio was cut to 1 per cent in March 2009 from as high as 4 per cent in October 2008.

    In its analysis of the domestic economy, the Monetary Policy Committee said there is growth in private consumption as well as business spending activities despite modest growth in exports.

    While growth is expected to be moderate in the earlier part of the year, it is likely to improve during the course of the year, driven by strong expansion in domestic demand, led by private consumption.

    “Private investment is also projected to strengthen, underpinned by the improving outlook for the domestic economy and further expansion of new growth industries.”

    HSBC Bank said BNM appears to be upbeat on domestic growth prospects.

    “Even if external demand may still be relatively lacklustre in its view, the domestic side of things appears to be giving the central bank much comfort,” remarked economists Wellian Wiranto and Namrata Mittal.

    “With today’s statement, it is quite clear that some form of response is coming fairly soon in the form of rate hikes … not because of oil in and of its own, but due to uptick in demand to show how comfortable it is with domestic demand growth.”

    Inflation is not as urgent an issue here as elsewhere, but BNM is already hinting at the possibility of re-hiking again soon, shifting focus towards demand-pull forces.

    Bank of America Merrill Lynch economist Dr Chua Hak Bin expects the central bank to begin tightening from the next monetary policy meeting in May, when inflation climbs above 3 per cent.

    “Another round of fuel price hikes may occur sooner to contain escalating fuel subsidy costs.”

    Chua also expects BNM to continue normalising the SRR, bringing the rate to 4 per cent by the year-end.

    Bank of America Merrill Lynch expects a 50 basis points rate rise for the OPR this year to 3.25 per cent.

    Business Times

  • Farix10

    Brunei govern their country better. They build houses to kampung air people without interest. That’s what we call good governance. 

  • http://www.xininvoice.com faktur

    Not sure what is the standard rate for higher purchase .. mm ..

  • Bkpermai

    hello everyone, if you want to finish pay off your mortgage loan faster, go to the webpage http://freemortgageacceleration.blogspot.com and e-mail to them. No need to pay…. absolutely free unlike those sharks out there. read it and you’ll see…..

  • besik

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    Contact me through this email:(financialdraft55@gmail.com,)or through Skype:(besik.katsitadze) in other to furnish you with other information.