Bank Negara Malaysia (BNM) announced another Overnight Rate Policy (OPR) cut, making it the fourth reduction for 2020 on 7th July 2020. As a Malaysian, how can this low interest affect you in the best way? Here are 6 savvy ways on how you can take advantage of this lower OPR. If you’ve been following […]
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COVID-19 Moratorium: Guide To Financial Relief Measures In Malaysia | Home Mortgage, Hire-Purchase, Personal Loan, PTPTN & Credit CardsMay 6, 2020 5:00 pm
By now, you’ve probably already heard of the moratorium on loan repayments announced by the government. From 1st April 2020 onwards, all banks will be offering postponement on loan and financing repayments over the coming 6 months. In other words, you won’t need to make your monthly loan repayments anymore till the end of September […]
Responding to the move of Bank Negara’s reduction of the OPR to 3%, CIMB, OCBC, and RHB are reducing their own base rates and base lending rates (BLR) by as low as 0.25%. This move will see lower loan interest rates and, unfortunately, lower fixed deposit rates as well.