| 14th September 2017 01:01 PM | |
| pawan | Re: BLR Standard Chartered The BR (Base Rate) Standard Chartered, Malaysia offer on a product is made up of two parts, benchmark cost of funds (COF) and the Statutory Reserve Requirement (SRR) cost imposed by Bank Negara Malaysia. Its benchmark COF is the marginal cost of raising funds for the mortgage loans. BR can rise or fall due to changes in the benchmark COF and changes in the SRR. Changes in the benchmark COF could occur due to changes in the Overnight Policy Rate (OPR) as decided by the Monetary Policy Committee (MPC) of Bank Negara Malaysia. In addition, as the benchmark COF is the marginal cost of raising funds, it will change in line with fluctuation in the market funding condition. SRR cost will change in line with changes in the SRR rate as decided by MPC of Bank Negara Malaysia. Base Rate = 3.52% Base Lending Rate = 6.70% p.a. Before 27 July 2016 From 27 July 2016 Reference Rate BR = 3.77% BR = 3.52% Interest Rate BR + 1.00% BR + 1.00% Effective Lending Rate 4.77% 4.52% Monthly instalment (RM) 1,829.99 1,777.56 Secured Wealth Lending: Foreign Currency Base Rates Published rate as at 18/08/2017, the bank reserves the absolute right and discretion to change the rates below: Currency Base Rate (% P.A) USD 1.330 EUR 0.125 GBP 0.125 NZD 1.476 SGD 0.723 AUD 1.296 |
| 14th September 2017 08:44 AM | |
| Unregistered | BLR Standard Chartered Can you tell me about the interest rate charged upon BLR (Base Lending Rate) offered by Standard Chartered, Malaysia? |
