Smart Investor Malaysia

Alliance Bank to Reduce Base Rate, BLR and BFR

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp

Reduction of Base Rate, Base Lending Rate, and Base Financing Rate is effective from 15 May 2020.

Alliance Bank Malaysia Berhad has announced that it will reduce its Base Rate (“BR”), Base Lending Rate (“BLR”), and Base Financing Rate (“BFR”) by 50 basis points effective 15 May 2020.

The Bank’s Base Rate will be lowered from 3.32% p.a. to 2.82% p.a., and Base Lending Rate and Base Financing Rate from 6.17% p.a. to 5.67% p.a. The revision applies to all existing loans and/or financing pegged to the Base Rate, Base Lending Rate, and Base Financing Rate. To align with these changes, the deposit rates will also be revised on the same effective date.Support

“The further reduction in Overnight Policy Rate (OPR) offers additional relief to borrowers. Alliance Bank also provides other financing assistance such as loan restructuring and rescheduling to help relieve the cash flow burdens of borrowers in these challenging times,” said Alliance Bank’s Group Chief Executive Officer Joel Kornreich.

In addition, Alliance Bank has gone beyond financing to assist SMEs with the launch of the #SupportLokal initiative to help them scale up their business digitally and tap into major e-commerce platforms such as Shopee and AirAsia OURSHOP.

For more information on the base rate, BLR and BFR revisions, please visit www.alliancebank.com.my.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp

Recent Posts

Related Posts

Smart Investor Newsletter

Get Our Latest Articles And More Delivered To Your Inbox!