Tag Archives: Malaysia BLR

How Does Base Lending Rates (BLR) Affect You?

baselendingrateBLR

Since July 2010, our Base Lending Rate (BLR) has increased 6.05% to 6.30%. As a result, borrowers have to pay additional months of installments. This is because when BLR increase, your interest payable or your loan tenure will also be increased subsequently.

For example:

housingloancalculator2

Total loan amount = RM 100,000 to be repaid over 30 years.
Previous interest amount = 6.05%
Monthly repayment = RM 492 (assuming a 4.25% after BLR – 1.8%)

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