when did the blr rate reduced for RHB?

per this is ....
RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will reduce its BR from 3.75 per cent per annum to 3.50 per cent per annum, and will also revise the BLR from 6.70 per cent to 6.45 per cent per annum.
In line with the revision, RHB Bank’s fixed deposit rates will also be revised downwards by 25 basis points effective January 29, 2020.
https://www.nst.com.my/business/2020/01/559...-rate-cut-25bps

Tqtq, 29th January is the date.. I

tracking bank effectiveness when u applying for loan/ what bank to avoid

maybank : may 5 , -0.5 starting may08
cimb : may 6 , -0.5 starting may13
rhb : may 6 , -0.5 starting may13
pbb : may6 , -0.5 starting may12
bislam : may 7 , -0.5 starting may12

UOB

This post has been edited by cfc: May 7 2020, 12:39 PM


Attached File(s)
 BR_20200317.pdf ( 111.54k ) Number of downloads: 37

Foreign bank have to get their HQ approval

RHB if br up then tomorrow will revise up immediately

If br down, then next week only will revise down

I'm having the same problem. The rate is now 3.3% for me but the payment amount is still the same as when it was 3.8%. wtf.. becoz I was late to opt out for the moratorium, so I was paying the same amount for the past Mar-Apr.

when I noted the payment amount is still the same after I opt out in May, I call them. then they said the new rate will only be reflected in your June payment. Becoz I opt out in May. So ok lo. What to say?

Mana tau, June payment still the same amount. Not reduce at all l!!

Also I noted my there's an increase in my paid off amount. shouldn't it reduce every time I paid my loan instalment? Any idea why?

Anyone housing loan already reflected new amount based on revised interest rate? Mine still showing old amount based on pre-covid time

I frequently checked in the online account. So, far mine is adjusted accordingly.

How about 2021 or 2022 ???

Expected OPR will raise in 2022

so bank profit will increase?

previously when OPR cut,....
this was mentioned in the article
"According to Nomura’s head of Malaysia equity research Tushar Mohata, the 25bps OPR reduction is expected to trim banks’ margin by 2% to 3%, which will in turn lower banks’ earnings by 1% to 2%."

Lower OPR expected to hit banks’ earnings
https://www.theedgemarkets.com/article/lowe...-banks-earnings

now if the OPR increases,....will/should the reverse be expected?

Only if US Fed starting to hike 1st otherwise nothing will happened unless inflation goes out of hand

Not necessary depending on whether more new loans uptake and deferred repayments goes up

Anyone had RHB car loan/hire purchase loan?
The new loan amount after new OPR was higher than few years ago

me

i did noticed it and called cs.This coming tues will call me to explain about the calculation.
i did email to rhb too..not yet get any reply.

1/August/2020
BR rate 2.50%
New Rental Charges: 4.48%
RM677 per month

1/June/2020
BR rate 2.75%
New Rental Charges: 4.73%
RM680

5/June/2022
BR rate 2.75%
New Rental Charges: 4.73%
RM708

My loan never reach til rm700 before,but this latest rate make it rm708..and is just 2.75% BR..
i did get br rate 4% before,but paying rm698 only.
very curious how their calculation.5 years loan,now left 23months to go.My loan under variable rate

This post has been edited by Dyson Jin: Jun 6 2022, 12:25 PM

RHB Loan system is screwed up. Anyone working in RHB loan department?

Not sure about car loan but mine is house loan. Everytime they revise the BLR, they will revise the monthly repayment amount too.

Anyone who need extra cash can try this method. But not advisable as it might bankrupt you by the end of the loan period but it's long long time away.

So I got a loan from them, before BLR revised (lowered). And my loan repayment amount is RM2k + monthly. But before they revised the BLR, I got some extra cash lying around so I inject into the loan account to offset the interest. I injected almost RM300k inside. What happen after really surprised me, at the revision date, my monthly repayment is only RM100+. And what's even more ridiculous is even after i take out the extra cash (300k) the repayment amount remained the same. I immediately realised something was wrong because if i left it till the last year of my loan i would still be paying less, and my amount outstanding would balloned. (I can still pay RM2k but anything extra goes to the extra account and does not reduce my loan amount).

I called their CS and explain this even the branch manager they said it's the system he also quite shocked by it actually. But say that's how they do it. They only revised the system during BLR revision. So essentially, anyone that got extra cash lying around, inject into the extra account. My repayment monthly now is RM70 after this latest increase because i put even more cash into the account before they revised it. Essentially I got more money to roll when I needed it because my monthly repayment is so low. I did tell the CS service to update the loophole but they say it's not worth it. The system been there for years. So I shall take advantage of it

There is a serious loophole anyone that using RHB house loan wish to know more can contact me.

On a side note, is other bank house loan system like this? Hope to know more. Thanks.

Car loan / hire purchase loan is fixed rate.
Will not be affected by any changes of BR / OPR (BNM).

Unless you are talking about variable rate loan.