Base Lending Rate (BLR) is a base interest rate calculated by financial institutions according to a formula which takes into account the institutions cost of funds and other administrative costs. BLR rate is controlled under Bank Negara Malaysia.
The current BLR rate is 6.60% .
Note : Most of the banks in Malaysia offer BLR – (BLR Minus), which means they are offering your lower interest rate. For example, if Bank A offer you BLR – 2%, that’s mean your the interest rate that will be used to calculate your Flexi Home Loan interest will be Current BLR rate – 2%.
