With effect from 10th May 2023, the Standardised Base Rate (SBR), Base Rate (BR) & Base Financing Rate (BFR) for all retail financing products for individual customers will be as follows:
From 10th May 2023 |
|
Standardised Base Rate (SBR) | 3.00% p.a. |
Base Rate (BR) |
4.10% p.a. |
Base Financing Rate (BFR) | 7.00% 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 4.17% p.a. (i.e. SBR + 1.17%). Please note that the profit rate is subject to change from time to time.
For the historical trend of the reference rates, please click here
Thank You.
Al Rajhi Bank Malaysia
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