If your existing home loan bank do not reduce the BLR to 5.55 or lower, please consider to switch to other bank.
MAYBANK (1155) , the country's biggest lender, will reduce its base lending rate (BLR) from 5.95 per cent to 5.55 per cent effective March 2.The base financing rate (BFR) of its Islamic banking unit will similarly be revised downwards from 5.95 per cent to 5.55 per cent.This follows the recent downward revision of Bank Negara Malaysia's Overnight Policy Rate.Maybank president and chief executive officer Datuk Seri Abdul Wahid Omar said the revision will enable all borrowers with loans pegged to the BLR to have lower instalments on their repayments."We are also constantly monitoring the needs of our customers and will ensure that they receive the necessary support and assistance during this period," Wahid said in a statementThe last revision in the BLR and BFR of Maybank and Maybank Islamic was made on February 3 when the rates were cut from 6.5 to 5.95 per cent.