Bank Muamalat Malaysia Berhad » NOTICE: INTRODUCTION OF STANDARDISED BASE RATE (SBR), EFFECTIVE ON 1st AUGUST 2022

Announcement

NOTICE: INTRODUCTION OF STANDARDISED BASE RATE (SBR), EFFECTIVE ON 1st AUGUST 2022

Dear Valued Customers,

With effect from 1 August 2022, the Standardised Base Rate (SBR) shall be applied on all new, refinanced and renewed floating rate retail financing facilities. The SBR is benchmarked against Bank Negara Malaysia (BNM)’s Overnight Policy Rate (OPR), in line with the revised Reference Rate Framework (RRF) by BNM.

Nevertheless, Base Rate (BR) and Base Financing Rate (BFR) will continue to be applied on existing financing that are priced against the BR and BFR throughout the tenure of the financing. 

The SBR, BR and BFR will move exactly in tandem with the OPR changes. The summary of the current reference rates are as follows:-

Rate Type Reference Rate
   Standardised Base Rate (SBR) 2.25%
  Base Rate (BR)  3.06%
  Base Financing Rate (BFR)  6.06%

*Subject to changes in OPR effective 1 August 2022.

The indicative Effective Profit Rate (EPR) for a standard 30-year home financing product with financing amount of RM350,000 and has no lock-in period are as follows:-

Home Financing Package Reference Rate
Tenure: 30 years
Amount : RM350,000
No lock-in period
SBR + 1.81%
(Indicative EPR = 4.06%)

 

NOTICE on Standard Base Rate (SBR) – ENG/BM

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FAQs on Standard Base Rate (SBR) – ENG/BM

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