Attention all CIMB and Hong Leong Bank borrowers! Loan interest rates will be adjusted from November 8, 2022.
Maybank, RHB and Public Bank have announced that they will increase their mortgage rates on November 7.
According to a message from CIMB, the Standardized Base Rate (SBR) will be increased from 2.50% to 2.75%. The Base Rate (BR) will be increased from 3.50% to 3.75%, while the Basic Loan Rate (BLR) will be increased from 6.35% to 6.60%.
For Hong Leong Bank, the Standardized Base Rate (SBR) will also be increased from 2.50% to 2.75%. The prime rate (BR) will be raised from 3.38% to 3.63% and the basic lending rate (BLR) will be raised from 6.39% to 6.64%.
Affin Bank also announced that it will raise its mortgage rates from November 7, with the standardized base rate (SBR), benchmark rate (BR) and base loan rate (BLR) at 2.75%, 3.70% and 6.56%, respectively.
Borrowers are urged to check with their respective banks for their latest monthly repayments to avoid underpayment of loans leading to delinquency.
Maybank
SBR: 2.75%p.a.
BR: 2.75%p.a.
BLR: 6.40%p.a.
Effective date: November 7, 2022
RHB
SBR: 2.75%p.a.
BR: 3.50%p.a.
BLR: 6.45%p.a.
Effective date: November 7, 2022
Public Bank
SBR: 2.75%p.a.
BR: 3.27%p.a.
BLR: 6.47%p.a.
Effective date: November 7, 2022
CIMB
SBR: 2.75%p.a.
BR: 3.75%p.a.
BLR: 6.60%p.a.
Effective date: November 8, 2022
Hong Leong Bank
SBR: 2.75%p.a.
BR: 3.63%p.a.
BLR: 6.64%p.a.
Effective date: November 8, 2022
Affin Bank
SBR: 2.75%p.a.
BR: 3.70%p.a.
BLR: 6.56%p.a.
Effective date: November 7, 2022
