Alliance Financial Group Bhd (AFG) has lowered its base rate by 15 basis points (0.15%) for loans/financing products, in view of Bank Negara’s recent Overnight Policy Rate (OPR) cut.
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With effect from July 20, 2016, the base rate for Alliance Bank Malaysia Bhd, Alliance Investment Bank Bhd and Alliance Islamic Bank Bhd will be revised from 3.97% per annum to 3.82% per annum.
Concurrently, the base lending rate (BLR) and the base financing rate (BFR) will be revised from 6.82% per annum to 6.67% per annum. As a result, all loans/financing pegged to BR/BLR/BFR will be adjusted accordingly.
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