AmBank to lower standardised base, lending rates, effective July 14
In a notice on its website, AmBank said the SBR will be reduced from three per cent per annum to 2.75 per cent, while the BLR/BFR will be revised from 6.70 per cent to 6.45 per cent.
It said the BR will be revised from 3.85 per cent to 3.60 per cent.
"For illustration purposes and subject to change from time to time, the effective interest or profit rate for a 30-year loan or financing of RM350,000 with no lock-in period is four per cent per annum (SBR+1.25 per cent)," AmBank said.
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