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....
23 hours ago