The OPR is the rate that moves your home loan repayments and FD returns. See the current level, how it got here, and what it means for your borrowing.
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Official source, coverage and how this is calculated: see our data methodology →
Source: Bank Negara Malaysia. Data and information are subject to Terms of Use for BNM Datasets.
Variable-rate mortgages are priced off the Base Rate (BR), which tracks OPR closely. A 0.25% OPR hike adds approximately RM45/month to a RM300k loan and RM75/month to a RM500k loan.
When OPR rises, banks typically increase FD rates within 1–3 months. Current FD rates (3-month commercial): check the FD Rates page.
Most Malaysian car loans use flat rates — OPR changes don't directly affect them. However, new car loan offers from banks are priced off BR, so new buyers feel the impact.
Credit card rates are capped at 18% p.a. by BNM — they don't move with OPR. Personal loan rates (conventional) are fixed at disbursement.
Work out your own monthly payment after a quarter- or half-point move. For a new loan, use the home loan calculator.
The OPR is 2.75% (as of Bank Negara's decision on 3 September 2026). Enter your own loan below. Nothing you type leaves this page.
If the OPR rises by 0.25 percentage points, your monthly payment would rise by about RM57 (RM684 a year).
RM2,223.33 a month at 4.50% → RM2,280.47 at 4.75%.
Assumes your loan's rate moves by the same amount as the OPR. Floating-rate loans follow your bank's base rate, which banks usually adjust after an OPR decision, but not always by the full amount. Fixed-rate loans don't change. Some banks keep the instalment and change the tenure instead. Check your loan agreement or ask your bank.
At 4.50%, Bank Negara Malaysia's average lending rate for commercial banks (August 2026), over 30 years. Illustrative only: your bank's rate may differ.
When OPR falls, FD rates follow — locking in now or switching to flexible savings can make a difference.
Key BNM Monetary Policy Committee decisions (2020–present)
| Date | OPR | Change | Context |
|---|---|---|---|
| 9 Jul 2025 | 2.75% | -0.25% | First cut since 2020 — current level |
| 3 May 2023 | 3.00% | +0.25% | Peak of post-pandemic cycle |
| 3 Nov 2022 | 2.75% | +0.25% | Fourth hike of 2022 — back to the January 2020 level |
| 8 Sept 2022 | 2.50% | +0.25% | Normalisation |
| 6 Jul 2022 | 2.25% | +0.25% | Hike cycle continues |
| 11 May 2022 | 2.00% | +0.25% | First hike — recovery begins |
| 7 Jul 2020 | 1.75% | -0.25% | Historic low — pandemic floor |
| 5 May 2020 | 2.00% | -0.50% | Half-point cut — largest since February 2009 |
| 3 Mar 2020 | 2.50% | -0.25% | Second cut of 2020 — COVID-19 outbreak disrupts activity |
| 22 Jan 2020 | 2.75% | -0.25% | First cut — pre-pandemic caution |
Source: Bank Negara Malaysia MPC meeting statements. Full history at bnm.gov.my
Banks have changed their rates since then, so check your bank's own website for its current rate.
These rates only apply to floating-rate loans taken out before 1 August 2022 and not refinanced since: the Base Rate (BR) for loans from January 2015, and the BLR or BFR for older loans. Loans taken out from 1 August 2022 use the Standardised Base Rate, which is set at the OPR.
| Bank | Base Rate (BR) | BLR / BFR | Eff. Rate |
|---|---|---|---|
| Affin Bank | 2.70% | 5.56% | 3.30% |
| Affin Islamic Bank Berhad | 2.70% | 5.56%BFR | 3.30% |
| Agrobank | 2.35% | 5.50%BFR | — |
| Al Rajhi Banking & Investment Corporation (Malaysia) Berhad | 2.85% | 5.75%BFR | 4.20% |
| Alliance Bank | 2.57% | 5.42% | 3.11% |
| Alliance Islamic Bank Berhad | 2.57% | 5.42%BFR | 3.11% |
| AmBank | 2.60% | 5.45% | 3.25% |
| AmBank Islamic Berhad | 2.60% | 5.45%BFR | 3.25% |
| Bangkok Bank Berhad | 3.22% | 5.87% | 4.42% |
| Bank Islam Malaysia Berhad | 2.52% | 5.47%BFR | 3.25% |
| Bank Kerjasama Rakyat Malaysia Berhad | 2.60% | 5.58%BFR | 3.40% |
| Bank Muamalat Malaysia Berhad | 2.56% | 5.56%BFR | 3.56% |
| Bank of China (Malaysia) Berhad | 2.55% | 5.35% | 3.55% |
| Bank Simpanan Nasional | 2.60% | 5.35%BFR | 3.10% |
| CIMB Bank Berhad | 2.75% | 5.60% | 3.50% |
| CIMB Islamic Bank Berhad | 2.75% | 5.60%BFR | 3.50% |
| Citibank Berhad | 2.40% | 5.55% | 3.20% |
| Hong Leong Bank Malaysia Berhad | 2.63% | 5.64% | 3.50% |
| Hong Leong Islamic Bank Berhad | 2.63% | 5.64%BFR | 3.35% |
| HSBC Amanah Malaysia Berhad | 2.39% | 5.49%BFR | 3.50% |
| HSBC Bank Malaysia Berhad | 2.39% | 5.49% | 3.50% |
| Industrial and Commercial Bank of China (Malaysia) Berhad | 2.52% | 5.45% | 3.47% |
| Kuwait Finance House (Malaysia) Berhad | 2.25% | 6.14%BFR | 3.30% |
| Malayan Banking Berhad | 1.75% | 5.40% | 3.25% |
| Maybank Islamic Berhad | 1.75% | 5.40%BFR | 3.25% |
| MBSB Bank Berhad | 2.65% | 5.50%BFR | 3.20% |
| OCBC Al-Amin Bank Berhad | 2.58% | 5.52%BFR | 3.45% |
| OCBC Bank (Malaysia) Berhad | 2.58% | 5.51% | 3.45% |
| Public Bank Berhad | 2.27% | 5.47% | 3.10% |
| Public Islamic Bank Berhad | 2.27% | 5.47%BFR | 3.10% |
| RHB Bank Berhad | 2.50% | 5.45% | 3.50% |
| RHB Islamic Bank Berhad | 2.50% | 5.45%BFR | 3.50% |
| Standard Chartered Bank Malaysia Berhad | 2.27% | 5.45% | 3.50% |
| Standard Chartered Saadiq Berhad | 2.27% | 5.45%BFR | 3.50% |
| United Overseas Bank (Malaysia) Bhd. | 2.61% | 5.57% | 3.36% |
BLR / BFR: the Base Lending Rate, or for Islamic financing the Base Financing Rate (marked BFR). Eff. Rate: the bank's indicative effective lending rate. A dash (—) means no figure was published for that bank. Source: Bank Negara Malaysia, as at 6 August 2020.
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