48 SMART: Base Lending Rate (BLR)
+Smartan Dad

Monday, 19 August 2013

Base Lending Rate (BLR)

If you have already bought a house or are in the middle of looking for house, the acronym BLR should sound very familiar to you. BLR stands for Base Lending Rate, it is the rate of interest at which banks lend to customers.














BLR is a minimum interest rate calculated by banking institutions based on a formula which takes into account the institutions' cost of funds and other administrative costs. If there's a revision on OPR by Bank Negara Malaysia, the BLR of banking institutions will be revised accordingly. You can refer to the BLR of all banking institutions in Malaysia here.

Below table is the historical data for BLR from Year 1990 onwards:

Year
BLR (%)
Remark
1990
7.00

1991
7.50

1992
9.00

1993
9.50

1994
8.25

1995
6.60

1996
8.50

1997
9.25

1998
10.50

1999
8.00

2000
6.75

2001
6.75

2002
6.50

2003
6.50

2004
6.00

2005
6.00

2006
6.00

2007
6.75

2008
6.75

2009
5.55
Adjusted Mar 2009
2010
5.80
Adjusted Mar 2010
2010
6.05
Adjusted May 2010
2010
6.30
Adjusted Jul 2010
2011
6.60
Adjusted May 2011


The last revision on BLR was in Year 2011. We might expect a revision very soon, as mentioned in my last post on OPR.

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