With National Bank (BN) announcing an increase in the Overnight Policy Rate (OPR), RHB has also announced that it will increase its lending rates, effective from Wednesday, 18 May 2022.
RHB’s latest Base Rate (BR) will increase from 2.50% to 2.75%, while the Basic Lending Rate (BLR) will also increase from 5.45% to 5.70%. This adjustment applies to both RHB and RHB Islamic.
RHB’s time deposit rate will also be increased on 18 May. Currently, RHB’s one-month time deposit rate is 1.50% and it is believed that the increase will result in a one-month time deposit rate of around 1.75%.
If you are a borrower of RHB Bank, then you need to know how much more you will have to pay each month for your loan after the interest rate adjustment.
