MAYBANK announced that its Base Lending Rate (BLR) will be reduced by 55 basis points from 6.5 per cent to 5.95 per cent effective February 3 2009.The revision takes into account the reduction in the floor rate of the one and 12 months fixed deposits by 50 basis points and the reduction in Overnight Policy Rate (OPR) by 75 basis points.

The Base Financing Rate (BFR) of Maybank Islamic Bhd will similarly be revised downwards from 6.5 per cent to 5.95 per cent effective 3 February 2009.

The reduction in Base Lending Late (BLR) is part of ongoing commitment towards the creation of a more supportive monetary environment. Housing loan borrowers will enjoy immediate benefits as the interest rates of all their loans pegged to the Bank’s BLR will be adjusted accordingly. Given the challenging in business environment, the lower cost of funding will be a boon to borrowers and help in sustaining positive economic growth in the country.

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Malaysia Bank mortgage loan type floating rate is direct relationship to Base Lending Rate (BLR). BLR take calculation into Overnight Policy Rate (OPR).

Base Lending Rate (BLR)
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.

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Embattled investors singed by the performance of the equity and financial markets may need property investment advise in property investment industry. All the property investor want to look at more tangible assets to invest in going forward.A property investment advice can provide you a complete help for implementing money in certain sectors of the economy, be it for domestic or international investors. Property investment advice for a several country will based on numerous parameters of the economy ranging from the banks and the banking services of the country, policies under taken by the home government with respect to foreign and domestic investors and most importantly, the situation of secondary markets in the home country.

Different sorts of real estate investments often produce similar returns that is capital growth. But while most potential property investors have undertaken their own home financing and can transfer this experience to similar housing. It is unwise to trust that other property investments have similar features. If you are venturing outside housing for the first time for property investment objectives, make sure that you should know the factors of the new market and obtain expert advice if needed.

Similarly be attentive about the property investment seminars – especially those for purchases off a plan. Conventionally speaking, advisors who offer full property investment advice on the full range of your investment requirements. When the price of purchasing an investment property is more than the revenues it earns, you can negatively gear and receive tax benefits. Take property investment advices from your financial advisor to watch how this can work for you. It’s popular with investors as you can predict the non-capital cost of buying a property from your overall income. The largest amount is primarily the profits; however, you can also claim other costs such as repairs and management fees.
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Bank Negara Malaysia announced at 21 Jan’09, Overnight Policy Rate (OPR) would decrease again 75 points. That means OPR decrease 2.5 per cent. In Nov 2008, OPR was decrease 25 points; it’s 3.25 per cent. From adjustment in OPR, estimate Base Lending Rate (BLR) will decrease to 5.90 per cent instead 6.50 per cent at this moment. Check on Malaysia Base Lending Rate History for the past 20 years.

Malaysia’s central bank cut its benchmark interest rate for a second straight meeting as easing inflation allowed it to focus on sustaining economic growth amid the deepening global recession.

Bank Negara Malaysia lowered its overnight policy rate by three-quarters of a percentage point to 2.5 per cent. The size of the reduction was larger than all predictions in a Bloomberg News survey of 19 economists, where seven expected a quarter-point cut and the rest forecast the rate to be lowered by 50 basis points.

Malaysia’s 2009 growth will probably miss the government’s 3.5 per cent forecast, adding pressure on policy makers to boost spending and cut borrowing costs, the Malaysian Institute of Economic Research predicts. Malaysia Finance Minister is planning a second stimulus package to add to a RM7 billion (US$2 billion) plan unveiled in November.
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