The Affin Bank’s IR on loans will increase starting from July 8!
The interest rate on loans will increase for Affin Bank, starting from July 8!
Affin Bank said on July 8 that it would follow Bank Negara’s lead and raise the Base Rate (BR), Base Lending Rate (BLR), and Interest Rates such as Fixed Deposits (FD). This news followed Bank Negara’s announcement on July 6 to raise the Overnight Policy Rate (OPR).
The base lending rate (BLR) of Affin Bank will increase from 5.81 percent to 6.06 percent, and the benchmark rate (BR) will increase from 2.95 percent to 3.20 percent. Additionally, time deposits will rise by 0.25 percent.
Affin Bank
BR: 3.20%
BLR: 6.06%
Effective Date: July 8, 2022
