Maybank announces an increase in BR and BLR mortgage rates!
With Bank Negara announcing an increase in the overnight policy rate, that is, from 1.75% to 2.00%, Maybank has followed suit and announced an increase in mortgage rates.
According to Maybank, the prime rate (BR) will be increased from 1.75% to 2.00%, while the basic lending rate (BLR) will be increased from 5.40% to 5.65%. This measure will take effect from Friday, May 13, 2022.
If you have a loan with Maybank, your mortgage or variable rate car loan will be increased from this month. Borrowers are urged to check with their banks for the latest interest rates and monthly payments so that they can avoid problems with underpayment of loans.
Maybank’s time deposit rates will also be increased, and the monthly interest rate you can earn on your time deposit will also increase.
Maybank
BR: 2.00%
BLR: 5.65%
Effective date: May 13, 2022
