Banks revised the Base Lending Rate (BLR) to 5.80 from 5.55 after Bank Negara Malaysia announced the 0.25 point raise of the Over Night Policy (OPR) to 2.25 percent from 2.0 percent at 04 March 2010.

Bank Simpanan Nasional is the first bank that announced that the 5.80 BLR start effect from 5 March 2010 whereas Maybank, CIMB, Public Bank, RHB and HSBC announced that the 5.80 BLR start effective from 9 March 2010. The rest of the banks will follow suit by revising the BLR to 5.8 soon.

With the 0.25 point raise of the BLR, the extra payment per month for loan with 30 years tenure loan, interest rate at 5.55 % before and increased to 5.80 % with the loan amount of :

- RM100,000 is around RM15.82
- RM200,000 is around RM31.64
- RM300,000 is around RM47.46
- RM400,000 is around RM63.28
- RM500,000 is around RM79.10

Believed that the housing loan takers will have a choice of
1) Maintain the current payment amount with the extension of the the loan period
2) Maintain the total loan tenure by paying the extra payment

Be preparing for the possible of further raise of the BLR with the normalization of the interest rate as stated by Bank Negara.

Do refer to Malaysia Base Lending Rate (BLR) Since Year 1976 for historical BLR information.

Subscribe to Fortune Sense for automatic delivery to you.
Connect via Facebook, Twitter or Google Friend Connect.

Related Information:
BLR vs KLIBOR Data
Malaysia Banks Fixed Deposit Rates Since Year 1980
Malaysia GDP Growth Since Year 2007
Malaysia Inflation Rate Since Year 2006
EPF Dividend Rate Since 1983
ASM and ASW 2020 Dividend Rate