Hong Leong Bank announced an increase in lending rates and time deposit rates, effective May 17!
According to the announcement issued by Hong Leong Bank, with Bank Negara’s 25 basis points increase in the Overnight Policy Rate (OPR), Hong Leong Bank’s Base Lending Rate (BR) and Basic Lending Rate (BLR) will be increased by 25 basis points.
The BR will increase from 2.63% to 2.88% and the BLR will increase from 5.64% to 5.89%. The rate increase will take effect from May 17, 2022.
If you are a borrower of Hong Leong Bank, you should pay attention to your loan interest rate change and know how much you need to repay every month.
If you are a Hong Leong Bank time deposit depositor, you will be entitled to a higher interest rate, which will also take effect from May 17.
Hong Leong Bank
BR: 2.88%
BLR: 5.89%
Effective date: May 17, 2022
RHB
BR: 2.75%
BLR: 5.70%
Effective date: May 18, 2022
Maybank
BR: 2.00%
BLR: 5.65%
Effective date: May 13, 2022
