Cheaper House LOAN with Base Rate (instead of BLR)?

Are you expecting cheaper loan when you read the paper the Rate down from 6.85% (BLR) to 4% (Base Rate)?

Actually, it is almost the same, from the time being, initially.

Recent inquiry for a loan smaller than RM150k, the following are quote from respective banks

M Bank: BR+ Profit = 5.35%
R Bank: BR + Profit = 5.05%
H Bank: BR + Profit = 4.85%

Also M bank shows their Base Rate as lowest amongst ALL banks but effectively the rate is the most expensive among the three.

Loan seeker really have to source around....