7 domestic banks will increase the loan rates.
Seven domestic banks have made their plans to increase loan interest rates public.
The Overnight Policy Rate (OPR) was raised by Bank Negara on September 8 from 2.25% to 2.50%. Domestic banks will increase the interest rates on loans and fixed deposits as a result of the National Bank’s interest rate hike policy.
On September 9, seven banks stated that they will be increasing the Base Rate and Base Lending Rate. Maybank, RHB, CIMB, Public Bank, Affinbank, Alliancebank, and Bank Muamalat are the seven banks.
You must be aware of your house loan interest rate if you have a loan to purchase a property. Your monthly mortgage payments will increase as bank mortgage rates rise. The interest rates on the recently approved auto loans will likewise rise, but not on the existing auto loans.
You can benefit from a greater deposit interest rate if you make time deposits.
Bank Muamalat
SBR: 2.50%
BR: 3.31%
BLR: 6.31%
Effective Date: September 13, 2022
Alliance Bank
SBR: 2.50%
BR: 3.32%
BLR: 6.17%
Effective Date: September 14, 2022
CIMB
SBR: 2.50%
BR: 3.50%
BLR: 6.35%
Effective Date: September 13, 2022
Public Bank
SBR: 2.50%
BR: 3.02%
BLR: 6.22%
Effective Date: September 12, 2022
Affin Bank
SBR: 2.50%
BR: 3.25%
BLR: 6.20%
Effective Date: September 12, 2022
Maybank
SBR: 2.50%
BR: 2.50%
BLR: 6.15%
Effective Date: September 12, 2022
RHB
SBR: 2.50% p.a.
BR: 3.25% p.a.
BLR: 6.20% p.a.
Effective Date: September 12, 2022
