What is BLR (Base Lending Rate)? blr Malaysia history chart

Updated: January 1, 2018 / Home » Home and house » Home Loan

If you want to buy a house or take a home loan from any bank, you should know the BLR Malaysia (Base Lending Rate) and the package offer by the bank.

BLR (Base Lending Rate) is a minimum interest rate calculated by financial institutions based on a certain formula. This formula takes into account the institutions cost of funds and other administrative costs.

The BLR is adjusted by banks, but the rate actually is determined by Bank Negara Malaysia (BNM) during Monetary Policy Meeting.

By the way, BLR will change and it is unpredictable whether it will rise or drop. Below is the BLR Malaysia History Chart (1980 – 2014)

YearBLR (%)Remark
20146.85 %Adjusted on 17 July 2014
20136.6 %
20126.6 %
20116.6 %Adjusted May 2011
20106.3 %Adjusted July 2010
20106.05 %Adjusted May 2010
20105.8 %Adjusted March 2010
20095.55 %
20086.75 %
20076.75 %
20066 %
20056 %
20046 %
20036.5 %
20026.5 %
20016.75 %
20006.75 %
19998 %
199810.5 %
19979.25 %
19968.5 %
19956.6 %
19948.25 %
19939.5 %
19929 %
19917.5 %
19907 %
19897 %
RELATED  我的首间房屋 100% 房屋贷款计划

Malaysia BLR 1980  to1997

Malaysia BLR 1995 to 2012

How to Get the Best Home Loan Package

blr Malaysia now (2013) is 6.60%, but every bank might offer different package. For example:

Bank A Package

  • Bank A offers a package of  BLR-1.8% for 30 years. (BLR = 6.6%)
  • Means 6.6 % – 1.8 % = 4.8 %.
  • If u borrow RM 300,000
  • You will be paying about RM 1,574 per month.

Bank B Package

  • Bank B offers a package of  BLR- 2.0% for 30 years. (BLR = 6.6%)
  • Means 6.6 % – 2.0 % = 4.6 %.
  • If u borrow RM 300,000
  • You will be paying about RM 1,537 per month.

So, when you want to take home loan, please visit more bank to get the best offer from them. Here is a nice video clip “stretching your ringgit”.

如有疑问或建议,可在下面留言或赞(like)我们的 Facebook MisterLeaf 资讯网得到最新消息。

如果觉得这篇文章不错,欢迎分享(share)给身边的家人朋友。谢谢啦。

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.