Flash: RHB lowers BR, BLR by 20bps to 3.8pct, 6.75pct respectively today

https://www.theedgemarkets.com/article/rhb-...llowing-opr-cut

This post has been edited by cybpsych: May 13 2019, 04:51 PM

IMPORTANT NOTICE: Effective 15 May 2019, our Base Rate (BR) will be at 4.00%* p.a., Base Lending Rate (BLR)/Base Financing Rate (BFR) at 6.85%* p.a. and Fixed Deposit (FD)/Fixed Return Income Account-i (FRIA-i) Board Rates will be reduced by 0.25%* p.a.

For more information, log on to www.cimbbank.com.my or www.cimbislamic.com.my. You may also call our Consumer Contact Centre with the below numbers:

- For Individuals: +603 6204 7788
- For Preferred: 1300 885 300
- For Companies: 1300 888 828

*Note: Rates are subject to change from time to time.

FAQ >> https://www.cimbbank.com.my/content/dam/cim...Q_15May2019.pdf

4: RHB : -0.2%
https://www.thestar.com.my/business/busines...tes-by-0pt2pct/
5: OCBC : -0.25%
https://www.nst.com.my/business/2019/05/487...ffective-may-13
6. HLB : -0.2%
https://www.hlb.com.my/en/personal-banking/...nd-blr-ifr.html

This post has been edited by lkwah86: May 14 2019, 10:58 AM


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Login and see still not yet update %. I have few question wanted to ask

1) i wonder why BMN said reduce 0.25% but some bank only reduce 0.20%
2) Anyone here know how to withdrawn from principle account? need to walk in or?
3) i tried..deposited RM1000 into principle account..but they do charge RM0.50 as assessment fee.. it will become RM999.50. Which mean not multiple x1000


This post has been edited by BlackPen: May 13 2019, 07:00 PM

1) This rate is set by the banks themselves without any intervention from BNM and is dependent on the respective banks’ benchmark (internal) cost of funds and liquidity. Although the BR is highly dependent on the OPR where banks will benchmark their Base Rate against the Statutory Reserve Requirement (SRR), banks can revise the Base Rate anytime even if there are no changes to the OPR. https://www.iproperty.com.my/guides/what-to...-home-loan-faq/

2/3) what housing loan you applied? My1 Full Flexi Home Loan?

This post has been edited by lkwah86: May 13 2019, 07:17 PM

Any idea when it will be in effect after announcement by RHB?

https://av.sc.com/my/content/docs/board-rat...m-deposit-i.pdf

Yes, my1 full flexi plan.

mine already reflected, my home loan payment page shows the new interest rate

Yes TQ. Checked this morning and new rate has been reflected.

Should have no charge.
You deposited as prepayment right?
Did your current account maintained RM1000 above?



This post has been edited by lkwah86: May 14 2019, 11:09 AM


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2) RHB website can do Loan Redrawal

This post has been edited by lkwah86: May 14 2019, 11:17 AM


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RHB is lowering BR/BLR by another 0.05% effective today.. probably due to pressure from above

This post has been edited by Havoc Knightmare: May 15 2019, 10:35 AM

what if i bank in rm1000 and deduct the assessment fees of RM0.50

which mean not x1000 right? (RM999.50)

unless have to bank in RM1050 only entitle of x1000

any news on this???

so from 6.7% to 6.65% ?

6.75% to 6.70%.