Wednesday, 20 July 2016

AFG cuts base rate by 15 basis point

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.

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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