Hong Leong Bank announces an increase in lending rates and time deposit rates, effective July 12!
According to a statement issued by Hong Leong Bank, with Bank Negara increasing the overnight policy rate (OPR) by 25 basis points, both the benchmark lending rate (BR) and the basic lending rate (BLR) of Hong Leong Bank will be increased by 25 basis points.
The BR will increase from 2.88% to 3.13% and the BLR will increase from 5.89% to 6.14%. The rate increase will take effect from July 12, 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 July 12.
Hong Leong Bank
BR: 3.13%
BLR: 6.14%
Effective date: July 12, 2022
Alliance Bank
BR: 3.07%
BLR: 5.92%
Effective date: July 13, 2022
CIMB
BR: 3.25%
BLR: 6.10%
Effective date: July 13, 2022
Affin Bank
BR: 3.20%
BLR: 6.06%
Effective date: July 8, 2022
Public Bank
BR: 2.77%
BLR: 5.97%
Effective Date: July 8, 2022
RHB
BR: 3.00%
BLR: 5.95%
Effective Date: July 13, 2022
Maybank
BR: 2.25%
BLR: 5.90%
Effective date: July 8, 2022
