Last Reported BLR : 6.60% (Effective Since 11 May 2011)

Last Reported BLR : 6.60% (Effective Since 11 May 2011) (Rate refreshed on 7th July 2011) http://www.blr.my/ 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.  This is defined by central bank of the countries. The Overnight Policy Rate (OPR) from Bank Negara Malaysia is reference for banks in  BLR adjustments, but there might differ from bank to others bank. At the global money  market down turn, BLR will get lower and if the money market on uptrend, it will  correlation upward. It is wisely and timely to consider take up mortgage loan and start  to own your property at the lower BLR as current. From the record, it shows that the highest BLR Malaysia ever has is 12.27% in  year 1998 and the lowest BLR is 5.55% in year 2009. The average is 8.1%. Probably  you can use this to justify whether it is better to take the fixed rate loan or floating  mortgage loan (BLR +/- x% ). Below table shows the Malaysia Base Lending Rate (BLR)  record from year 1989 to year 2011. Last Reported BLR : 6.60% (Effective Since 11 May 2011)

(Rate refreshed on 7th July 2011)

Below table shows the Malaysia Base Lending Rate (BLR) record from year 1989 to year 2011.   Year BLR (%) Remark 2011 6.60 Adjusted May 2011 2010 6.30 Adjusted July 2010 2010 6.05 Adjusted May 2010 2010 5.80 Adjusted March 2010 2009 5.55 2008 6.75 Adjusted March 2009 2007 6.75 2006 6.00 2005 6.00 2004 6.00 2003 6.50 2002 6.50 2001 6.75 2000 6.75 1999 8.00 1998 10.50 1997 9.25 1996 8.50 1995 6.60 1994 8.25 1993 9.50 1992 9.00