Current BLR = 6.75%
So you subtract the BLR with the interest rate i.e. 6.75% - 1.25% = 5.5%
which means that your interest rate for second year onwards is 5.5% (but this will change when the BLR changes).

I think at this point all 3 banks (RHB, CIMB and Maybank) offer very similar rates for ASB Loan. Below is the one for Maybank. I can't remember the rates for CIMB though.

Maybank rates:
>RM50K : BLR-1.45% (first 3 years) & BLR-1.3% (subsequent years)
RM20K - RM49K : BLR-1.5% (first 2 years) & BLR-1.25% (subsequent years)
<RM20K : KPA-1.5% (first 2 years) & BLR-0.75% (subsequent years)

However, Maybank assured me that if we were to do an early settlement or cancel the loan (after 3 years), no fine will be imposed. Both other banks will impose a fine for early settlement or cancellation. I recently settled my ASB loan with RHB and they fined me 3 mths interest.