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The reduced to 3% in Overnight Policy Rate (OPR) by Bank Negara on 13th July 2016, is a good sign for the property market and benefit to many homeowners out there. Two weeks after the announcement, major banks in Malaysia have reduced and adjusted the Base Rate (BR) and Base Lending Rate (BLR). By reducing [...]
Effective 2 January 2015, a new reference rate known as the Base Rate ( BR) will be used for new floating rate loans/financing facilities, such as housing loans. Loan extended prior to 2 January 2015 will continue to be referenced against the Base Lending Rate (BLR) or Base Financing Rate (BFR) until their maturities. [...]
