With effect from 18th May 2022, the Base Rate (BR) & Base Financing Rate (BFR) for all retail financing products for individual customers will be as follows:-
From 18th May 2022
|Base Financing Rate||6.00% 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 3.35% p.a. (i.e. BR + 0.25%). Please note that the profit rate is subject to change from time to time.
Al Rajhi Bank Malaysia