Malaysia Bank Interest Rate

Loan Amount 5 Years 10 Years 15 Years 20 Years 25 Years 30 Years
(RM)
Monthly Installment:

10,000

196 114 88 75 68 64
15,000 294 171 131 113 102 96
20,000 392 228 175 150 136 128
25,000 490 285 219 188 170 160
30,000 588 342 263 225 204 192
35,000 686 399 307 263 239 224
40,000 785 456 351 301 273 256
45,000 883 513 394 338 307 287
50,000 981 570 438 376 341 319
55,000 1,079 627 482 413 375 351
60,000 1,177 684 526 451 409 383
65,000 1,275 741 570 488 443 415
70,000 1,373 798 614 526 477 447
75,000 1,471 855 657 564 511 479
80,000 1,569 912 701 601 545 511
85,000 1,667 969 746 639 579 543
90,000 1,765 1,027 789 676 613 575
95,000 1,863 1,084 833 714 647 607
100,000 1,961 1,141 877 751 681 639
150,000 2,942 1,711 1,315 1,127 1,022 958
200,000 3,923 2,281 1,753 1,503 1,363 1,277
250,000 4,903 2,851 2,192 1,879 1,704 1,597
300,000 5,883 3,422 2,630 2,254 2,044 1,916
350,000 6,865 3,992 3,068 2,630 2,385 2,235
400,000 7,845 4,562 3,506 3,006 2,726 2,555
450,000 8,826 5,133 3,945 3,381 3,067 2,874
500,000 9,807 5,703 4,383 3,757 3,407 3,193
550,000 10,788 6,273 4,821 4,133 3,748 3,513
600,000 11,767 6,843 5,260 4,509 4,089 3,832
650,000 12,748 7,414 5,697 4,885 4,430 4,151
700,000 13,729 7,984 6,136 5,260 4,770 4,471
750,000 14,710 8,554 6,575 5,636 5,111 4,790
800,000 15,690 9,125 7,013 6,012 5,452 5,109
850,000 16,671 9,695 7,451 6,388 5,792 5,429

The interests are calculated based on current 6.6% interest rate. This is for reference only and you should consult for your local bank to get the accurate interest rate that you need to pay for.

Different Bank Interest Rate For Housing Loan

Interest Rate For Buying House

Once you have decided to buy a house and starting looking for housing loan in order for you to get the house, you may find out that getting a housing loan that of your favour can be really an stamina exhausted task and time consuming. You need to spend a lot of time by contacting respective banks and compare the interest rate offered by them.

malaysia interest rate

Once you figure out the bank that you want to borrow for your housing loan, then you need to make your decision whether you want to choose for fixed rate or variable rate loan( flexi or non flexi loan). This is rather depend on your own requirements but most consumers would prefer to go with variable rate as it seem more promising.

Interest Rate for Housing Loan

The rates for home loan recently is not really look attractive due to the economy status in the country is starting recover and consumers buying powers are increasing, thus push up the home loan interest rate.

If you want to apply for home loan, you can refer to the below table which will show you the current home loan package from different banks in Malaysia offer. Of course, it is just for your reference purpose and if you want to get the exact rate, you may still need to check with the bank for the accurate rates for the package that you wish to get.

Interest Rate for Respective Banks in Malaysia

Bank Package Type Interest Rate (%) Package Information
Alliance Bank Flexi Loan from BLR – 1.8
  • Non ZEC
  • No minimum loan amount
  • Minimum lock-in period 5 years
  • Exit penalty 3% on loan amount or RM3,000 which ever higher
  • No fixed interest rates
AmBank Flexi Loan from BLR – 1.9
  • Non ZEC
  • No minimum loan amount
  • Minimum lock-in period 5 years
  • Exit penalty 3% on loan amount
  • No fixed interest rates
CIMB Bank Home Flexi from BLR – 1.9
  • Non ZEC
  • Minimum loan RM150,000
  • Minimum lock-in period 5 years
  • Exit penalty 3% on loan amount
  • No fixed interest rates
Citibank FlexiHome from BLR – 1.5 (ZEC)from BLR – 1.8 (non-ZEC)
  • Both ZEC and Non ZEC
  • Minimum loan RM100,000 (ZEC)
  • Minimum loan RM60,000 (Non-ZEC)
  • Minimum lock-in period 5 years (ZEC)
  • Minimum lock-in period 3 years (Non ZEC)
  • Exit penalty 3% on loan amount (ZEC)
  • Exit penalty 3% on loan amount (Non-ZEC)
  • No fixed interest rates
EON Bank Super Easi 123 Flexi from BLR – 1.8
  • Non ZEC
  • Minimum loan RM50,000
  • Minimum lock-in period 3 years
  • Exit penalty 3% on loan amount
  • No fixed interest rates
Hong Leong Bank Flexi Mortgage from BLR – 1.85
  • Both ZEC and Non ZEC
  • Minimum loan RM100,000 (ZEC)
  • Minimum loan RM50,000 (Non-ZEC)
  • Minimum lock-in vary 3, 5 or 7 years
  • Exit penalty 3.5% on loan amount
  • No fixed interest rates
HSBC HomeSmart from BLR – 1.75
  • Both ZEC and Non ZEC
  • Minimum loan RM50,000
  • Minimum lock-in period 3 years
  • Exit penalty 3% on loan amount
  • No fixed interest rates
Maybank MaxiHome from BLR – 1.8
  • Non ZEC
  • Minimum loan RM50,000
  • Minimum lock-in period 3 years
  • Exit penalty 3% on loan amount
  • Option for fixed interest rates for 3,5 or 7 years
OCBC Bank Home Loan from BLR – 1.9
  • Non ZEC
  • Minimum loan RM100,000
  • Minimum lock-in period 5 years
  • Exit penalty 3% on loan amount or RM3,000 which ever higher
  • No fixed interest rates
Public Bank Home Save from BLR – 1.9
  • Non ZEC
  • Minimum loan RM150,000
  • Minimum lock-in period 5 years
  • Exit penalty 3% on outstanding amount
  • No fixed interest rates
RHB Bank Flexi Loan from BLR – 1.8
  • Non ZEC
  • Minimum loan RM100,000
  • Minimum lock-in period 5 years
  • Exit penalty 3% on outstanding amount
  • No fixed interest rates
Standard Chartered Flexi Loan from BLR – 1.8
  • Non ZEC
  • Minimum loan RM100,000
  • Minimum lock-in period 5 years
  • Exit penalty 3% on loan amount
  • No fixed interest rates
UOB Bank Flexi Mortgage from BLR – 1.8
  • Non ZEC
  • Minimum loan RM200,000
  • Minimum lock-in period 5 years
  • Exit penalty 2% on loan amount
  • No fixed interest rates

If you want to get the latest interest rate for different banks, you may want to check on their website and call to the banks to find out.

Base Lending Rate (BLR) in Malaysia

What is Base Lending Rate (BLR)?

opr blr history
Base Lending Rate (BLR) is a base interest rate calculated by banking institutions based on a mathematics formula that takes into consideration the institutions cost of funds as well as other administrative costs.

You may refer lending rate as simple interest rate. It is a rate which your bank going to charge you in a percentage. In case you loan for RM50,000 and the interest rate of your loan is 7%, The loan that you carried will get accrue to RM3,500 for interest after one year in case you didn’t repay your loan payments. The base interest rate can let you know the base lending rate BLRbasic information on the amount of the money your bank is charging you for the interest each year. Remember that in case you repay your loan payments throughout the year which lower the principal amount of your bank loan, the amount on which the interest has been charged will getting lower as well as the interest that you need to pay.

Refer to wikipedia for more explanation on base lending rate.

Malaysia Base Lending Rate ( BLR ) from 27 December 2010.

No. Banking Institution With Effect From BLR (% p.a.)
1 Affin Bank Berhad 13/07/2010 6.30
2 Alliance Bank Malaysia Berhad 13/07/2010 6.30
3 Alliance Islamic Bank Berhad 13/07/2010 6.30
4 AmBank (M) Berhad 13/07/2010 6.30
5 Bangkok Bank Berhad 14/07/2010 6.30
6 Bank of America Malaysia Berhad 13/07/2010 6.30
7 Bank of China (Malaysia) Berhad 14/07/2010 6.30
8 Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad 14/07/2010 6.00
9 CIMB Bank Berhad 13/07/2010 6.30
10 Citibank Berhad 13/07/2010 6.30
11 Deutsche Bank (Malaysia) Berhad 15/07/2010 6.30
12 EON Bank Berhad 14/07/2010 6.30
13 Hong Leong Bank Berhad 14/07/2010 6.30
14 HSBC Bank Malaysia Berhad 13/07/2010 6.30
15 J.P. Morgan Chase Bank Berhad 15/07/2010 6.20
16 Malayan Banking Berhad 13/07/2010 6.30
17 OCBC Bank (Malaysia) Berhad 13/07/2010 6.30
18 Public Bank Berhad 13/07/2010 6.30
19 RHB Bank Berhad 13/07/2010 6.30
20 Standard Chartered Bank Malaysia Berhad 13/07/2010 6.30
21 The Bank of Nova Scotia Berhad 14/07/2010 6.30
22 The Royal Bank of Scotland Berhad 15/07/2010 6.00
23 United Overseas Bank (Malaysia) Berhad 13/07/2010 6.30

This BLR table is just for your reference. You should check with respective for the latest base lending rate.

The table shows the Base Lending Rate (BLR) record for Malaysia from 1989 to 2010.

Year BLR (%) Remark
2010 6.30 Adjusted July 2010
2010 6.05 Adjusted May 2010
2010 5.80 Adjusted March 2010
2009 5.55 n/a
2008 6.75 Adjusted March 2009
2007 6.75 n/a
2006 6.00 n/a
2005 6.00 n/a
2004 6.00 n/a
2003 6.50 n/a
2002 6.50 n/a
2001 6.75 n/a
2000 6.75 n/a
1999 8.00 n/a
1998 10.50 n/a
1997 9.25 n/a
1996 8.50 n/a
1995 6.60 n/a
1994 8.25 n/a
1993 9.50 n/a
1992 9.00 n/a
1991 7.50 n/a
1990 7.00 n/a
1989 7.00 n/a

The base lending rate has remained more or less the same throughout the years. For Malaysia, the highest BLR rate ever experienced was 12.27% during the South East Asia financial crisis in year 1998. With the interest rates of the bank interest rates decreasing, many home owners will want to go for refinance their house. The recommended principle for house refinancing will be at the time when BLR is at least 1% lower compare to the rate for your existing property at the time you signed for the loan. Besides, you have as well to be aware of additional circumstances such as the value of the property value as well as your earning.

Most banks in Malaysia are undergo restructuring and merging, and the 6.5% BLR is expected to continue to be for some time until except in cases where the home and property bubble bursts and banks have to revamp in line with the situation of regional economy.

You may occasionally refer to this site for latest base lending rate changes that are changing from time to time.