With Bank Negara (BN) announcing an increase in the overnight policy rate (OPR), RHB has also announced that it will increase its lending rates effective Wednesday, July 13, 2022.
RHB’s latest benchmark rate (BR) will be increased from 2.75% to 3.00%, while the base lending rate (BLR) will also be increased from 5.70% to 5.95%. This adjustment applies to both RHB and RHB Islamic.
RHB’s time deposit rate will also increase on July 13. The current RHB one-month time deposit rate is 1.75%, and it is believed that after the rate increase, the one-month time deposit rate will be around 2.00%.
If you are a borrower of RHB Bank, then you have to find out how much extra money you need to pay for your loan every month after the interest rate adjustment.
