Following the latest hike in Bank Negara Malaysia’s Overnight Policy Rate by 25 bps, the Standardised Base Rate for Hong Leong Bank and Hong Leong Islamic Bank will be at 3.00% it said in a release.
The Bank’s Base Rate and Islamic Base Rate will be revised to 3.88% from 3.63%. Similarly, loans and financing based on the Base Lending Rate and Islamic Financing Rate will be revised to 6.89% from 6.64%.
The bank said the changes will take effect on 9 May 2023 and that the adjustment in rates is in line with the latest OPR change.
