With effect from 13th July 2020, the Base Rate (BR) & Base Financing Rate (BFR) for all retail financing products for individual customers will be as follows:-
From 13th July 2020 |
|
Base Rate |
2.85% p.a. |
Base Financing Rate | 5.75% p.a. |
For the purpose of illustration, the effective profit rate for a 30-year financing of RM350,000 with no lock-in period is 4.20% p.a. (i.e. BR + 1.35%). Please note that the profit rate is subject to change from time to time.
Thank You.
Al Rajhi Bank Malaysia
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