Maybank Announces New Base Lending Rate

In view of Bank Negara’s OPR hike, Maybank will revise upwards its Base Rate (BR) and Base Lending Rate (BLR) by 25 basis points effective 12 September 2022, following the announcement today on the Overnight Policy Rate (OPR) increase. 

Maybank’s Base Rate will be increased from 2.25% p.a. to 2.50% p.a. while its Base Lending rate (BLR) will be revised from 5.90% p.a to 6.15% p.a. Similarly, the Islamic Base Rate and Base Financing Rate will be increased by 25 basis points from 2.25% p.a. to 2.50% p.a. and from 5.90% p.a to 6.15% p.a. respectively.

In line with the revision, Maybank and Maybank Islamic’s fixed deposit rates will also be adjusted upwards effective 12 September 2022.

The last revision in Maybank’s Base Rate was on 8 July 2022 when it was increased from 2.00% p.a. to 2.25% p.a. following an OPR increase by the same quantum.

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