Wait, have they announced that their rates will be BR + 1%? where did you get this? Their spread should be independent from other banks, just like how it is now.

Yes, as such, maybank may have lower BR, but their effective interest rates may be similar to other banks anyway due to the differences of each spread given to the client

To be honest, I dont know myself what it is going to be, but I expect nothing will change much except the old loans would be based on the BLR, while the newer ones will be based on BR. EIR would be similar

If I were you, I would take the BLR. it hasn't changed too much over the years, while the BR is "expected" to change on a quarterly cycle. This would throw a havoc on your personal financial management.

Sorry,u have the source from BNM confirming your statement?just want reassurance