Investing.com has all the historical stock data including the closing price, open, high, low, change and % change. Connect With Us KUALA LUMPUR, July 8 — Hong Leong Bank (HLB) and Hong Leong Islamic Bank will be reducing its base rate (BR), Islamic base rate (IBR), base lending rate (BLR) and Islamic financing rate (IFR), effective July 10, in line with the Bank Negara Malaysia’s (BNM) move to cut the overnight policy rate by 25 basis points (bps) to 1.75 per cent yesterday. In line with the recent reduction in Bank Negara Malaysia’s Overnight Policy Rate (“OPR”) by 25 bps, Hong Leong Bank Berhad (“HLB”) and Hong Leong Islamic Bank Berhad (“HLISB”) will be reducing the Base Rate (“BR”) and Islamic Base Rate (“IBR”) to 3.63% from 3.88%. The RHB and Hong Leong banking groups have become the latest lenders to cut their base rate (BR) and base lending rate (BLR) by 25 basis points in line with the reduction in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM). Updated daily. Hong Leong Bank Discussion Activity. This page keep track on the changed and movement of Base Rate for each bank in Malaysia since it become effective on Jan 2, 2015 with latest update on 15 July 2020. The Bank is poised towards reaching out to the needs of customers seeking an alternative to conventional banking. Current Base Lending Rate (BLR) BNM has on 7 July 2020 reduced Overnight Policy Rate (OPR) from 2.00% to 1.75%. The RHB and Hong Leong banking groups have become the latest lenders to cut their base rate (BR) and base lending rate (BLR) by 25 basis points in line with the reduction in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM). An Islamic finance which works under the principles of Mudarabah is a form of business relationship: you provide the money, and the bank does business with it. or Base Rate for Hong Leong Bank, please call The BLR is almost always the same amongst major banks as on 15 July 2020. The ELR generally depends on the loan amount and loan tenure. © 2014 - 2021  All Rights Reserved. Latest Interest Rates . FIND OUT MORE For enquiries connect with us online or drop by your nearest Hong Leong Bank Branch. Hong Leong Finance provides deposits, loans and corporate finance for SME & Corporate in Singapore. Base Rate (BR) replaces Base Lending Rate (BLR) as the main reference rate for new retail floating rate loans effective January 2015.Advantages 1. In line with the recent reduction in Bank Negara Malaysia’s Overnight Policy Rate (“OPR”), Hong Leong Bank Berhad (“HLB”) and Hong Leong Islamic Bank Berhad (“HLISB”) would like to announce reductions in its Base Rate (“BR”) and Islamic Base Rate (“IBR”) to 3.88% from 4.13%. Hong Leong Bank is also a participating bank offering Skim Rumah Pertamaku (My First Home Scheme), a programme to support first-time home buyers below the age of 35 and with a monthly gross income of less than RM5,000. BLR for most major banks now stands at 6.85%.. Any changes to the BLR will affect pricing of both existing and new floating interest rate home loans. Got any question on BFR or Base Rate for Bank Islam? Hong Leong Call Center: 1-800-38-8888 (+603 - 7626 8899 from overseas) SWIFT Code: HLBBMYKL Website: www.hlb.com.my : The extensive network of Hong Leong Bank branches, cash deposit machines and online payment facility all make it convenient and hassle-free for you. LATEST BASE RATE, BASE LENDING RATE & BASE FINANCING RATE – As at 14 June 2019. Historically, Base Rate and Base Lending Rate (BLR) has moved in tandem with the OPR.The OPR was last changed in 22 January 2020. LATEST BASE RATE, BASE LENDING RATE & BASE FINANCING RATE – As at 14 … This is because the Islamic loan is not set up the same way a personal loan is. Disclaimer : Rates are subject to change without prior notice For enquiries connect with us online or drop by your nearest Hong Leong Bank Branch. Base Rate History This page keep track on the changed and movement of Base Rate for each bank in Malaysia since it become effective on Jan 2, 2015 with latest update on 15 July 2020. Latest Update! What is the base rate (BR)? Please contact the nearest Maybank branch for the latest rates. With SME Centres islandwide, you can access to our dedicated team of business specialists to aid in your business plans. Lesser the loan amount and longer the loan tenure would lead you to higher effective rate. Disclaimer: All interest/dividend rates quoted may change without prior notice. Stock: HLBANK (5819), Company: HONG LEONG BANK BHD, Description: Hong Leong Bank Bhd is based primarily in Malaysia with a regional presence in other Southeast Asian countries, Hong Kong, and mainland China. Latest BLR, Base Rate, & Fixed Deposit interest rates from EVERY bank in Malaysia. In tandem: Public Bank, Hong Leong Bank and Maybank are among banks which have confirmed that they have either adjusted or will be adjusting to the new rates. Latest BLR, Base Rate, & Fixed Deposit interest rates from EVERY bank in Malaysia. 4. m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) Hong Leong Bank and Hong Leong Islamic Bank Base Rate (BR) is 2.63% and its BLR and BFR is 5.64% both effective from 10 July 2020. Flexi FD . Latest Update! Hong Leong Housing Loan is a straightforward term loan offering an overdraft option - in case you need extra cash once you've moved into your new home. Step 2.