History about BLR rate....

YEAR	BLR Rates (%)	Remark
2010	6.30	Adjusted July 2010
2010	6.05	Adjusted May 2010
2010	5.80	Adjusted March 2010
2009	5.55
2008	6.75	Adjusted March 2009
2007	6.75
2006	6.00
2005	6.00
2004	6.00
2003	6.50
2002	6.50
2001	6.75
2000	6.75
1999	8.00
1998	10.50
1997	9.25
1996	8.50
1995	6.60
1994	8.25
1993	9.50
1992	9.00
1991	7.50
1990	7.00
1989	7.00

Overnight Policy Rate

Overnight Policy Rate (OPR) is the interest rate at which a depository institution lends immediately available funds (balances within the central bank) to another depository institution overnight. This is an efficient method for banks around the world to practice 'Accessing short-term financing' from the central bank depositories. The interest rate of the OPR is influenced by the central bank, where it is a good predictor for the movement of short-term interest rates.

In Malaysia, changes in the OPR trigger a chain of events that affect Base Lending Rate(BLR), short-term interest rates, fixed deposit rate, foreign exchange rates, long-term interest rates, the amount of money and credit, and, ultimately, a range of economic variables, including employment, output, and prices of goods and services which is the micro and macro factors on the economic. The BLR is usually adjusted at the time in correlation to the adjustments of the OPR which is determine by Bank Negara Malaysia (BNM) during Monetary Policy Meeting.

Last Reported OPR : 2.75%  (Effective Since 8 July 2010)

 

Malaysia Banking Institutions’ Base Lending Rate (BLR)

Welcome Readers... Today i want to show you our new BLR(Base Lending Rate) rates for the assets loan. What you know about BLR?, Can it make your property Collapse or be Auction???.. I'll tell you later as soon as possible... just follow my blog.. Thanks...

No.	Banking Institution	With Effect From BLR	(% p.a.)
1	Affin Bank Berhad	13/07/2010	6.30
2	Alliance Bank Malaysia Berhad	13/07/2010	6.30
3	Alliance Islamic Bank Berhad	13/07/2010	6.30
4	AmBank (M) Berhad	13/07/2010	6.30
5	Bangkok Bank Berhad	14/07/2010	6.30
6	Bank of America Malaysia Berhad	13/07/2010	6.30
7	Bank of China (Malaysia) Berhad	14/07/2010	6.30
8	Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad	14/07/2010	6.00
9	CIMB Bank Berhad	13/07/2010	6.30
10	Citibank Berhad	13/07/2010	6.30
11	Deutsche Bank (Malaysia) Berhad	15/07/2010	6.30
12	EON Bank Berhad	14/07/2010	6.30
13	Hong Leong Bank Berhad	14/07/2010	6.30
14	HSBC Bank Malaysia Berhad	13/07/2010	6.30
15	J.P. Morgan Chase Bank Berhad	15/07/2010	6.20
16	Malayan Banking Berhad	13/07/2010	6.30
17	OCBC Bank (Malaysia) Berhad	13/07/2010	6.30
18	Public Bank Berhad	13/07/2010	6.30
19	RHB Bank Berhad	13/07/2010	6.30
20	Standard Chartered Bank Malaysia Berhad	13/07/2010	6.30
21	The Bank of Nova Scotia Berhad	14/07/2010	6.30
22	The Royal Bank of Scotland Berhad	15/07/2010	6.00
23	United Overseas Bank (Malaysia) Berhad	13/07/2010	6.30

My 1st Home Scheme......

The programme is an initiative launched by the government with the collaboration of national mortgage company, Cagamas Bhd, and financial institutions to reduce the burden of the younger generation who are faced with a high cost of living and exorbitant real estate prices.

The government’s My First Home Scheme (Skim Rumah Pertamaku – SRP)launched this week will enable young adults aged up to 35 and earning less than RM3,000 to get 100 per cent financing to buy houses worth between RM100,000 and RM220,000 with a repayment period of up to 30 years.

The government, through Cagamas Berhad will bear the initial 10 per cent deposit fees to purchase a house.

Government employees will also be able to borrow up to RM450,000 for housing, up from RM360,000 previously.

Where to Apply ?

For those interested, Cagamas has appointed many banks to offer this product to their customers. The banks involved in financing the “My First Home Scheme” are Affin Bank Bhd, Affin Islamic Bank Bhd, Alliance Bank Malaysia Bhd, Alliance Islamic Bank Malaysia Bhd, AmBank Bhd, AmIslamic Bank Bhd, Bank Islam Malaysia Bhd, Bank Muamalat Malaysia Bhd, CIMB Bank Bhd, CIMB Islamic Bank Bhd, EON Bank Bhd, EONCAP Islamic Bank Bhd, Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd.

Others include Maybank Bhd, Maybank Islamic Bank Bhd, OCBC Bank Malaysia Bhd, OCBC Al Amin Bhd, Public Bank Bhd, Public Islamic Bank Bhd, RHB Bank Bhd, RHB Islamic Bank Bhd, United Overseas Bank Malaysia Bhd, Standard Chartered Bank Malaysia Bhd, Standard Chartered Saadiq Bhd and Cagamas Bhd.

Manulife Malaysia

Manulife Insurance Berhad, a wholly owned subsidiary of manulife Holdings Berhad, is a member of Canada-based Manulife Financial Corporation. Manulife Insurance Berhad currently serves the needs of more than 270000 policyholders. Through its subsidiary companies, the Manulife Group offers an innovative range of financial protection and wealth management product and services to meet different customer needs. Manulife Holdings Berhad has been list on Main Board of Bursa Malaysia since 1984. As at December 31, 2010, its assets under management were over RM3.5 BILLION.

Our Headquater at Toronto, Canada

Manulife Financial is a leading Canadian based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canad aand Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management service throughits extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were US$500 BILLION as at December 31, 2010.

About Manulife Insurance Berhad

Manulife Insurance Berhad

Manulife's core business activity is the underwriting of individual life insurance policies to meet the savings, investment and protection needs of Malaysians. Its products and services are distributes through multi-distribution channels namely the agency, bancassurance and financial advisor channels. Our business activities are managed out the Head Office in Damansara Heights, Kual Lumpur and supported by five Regions Supports Centres strategically located across the country. Among our range of product to help customers achieve their financial goals are:-

• Life Protecton
• Retirement Planning
• Education Planning
• Savings and Investment
• Health and Medical
• Income Protection

Manulife's corporate vision is to be the most professional financial services organization in the world, providing strong, reliable, trustworthy and forward-thinking solution for our clients' most significant financial decision.

We are also guide by our core values from strategic planning to day-to-day decision-making, to the manner in which we treat our customers and other stakeholders. These values are subscribed by the acronym PRIDE:

Our Vision

To be the most professional life insurance company in the world by providing the very financial protection and investment management services tailored to customers in every market where we do business.

Our Values

With vision come values. These values guide everything we do - from strategic planning to day-to-day decision-making, to the manner in which we treat our customers and other stakeholders.