Base Lending Rate (BLR) is the rate that followed by bank to determine house and shop loan. By knowing the past history BLR will let you know a better view on how the BLR rate going. Below is the Malaysia Base Lending Rate (BLR) history chart for January from year 1989 to year 2009.
Year BLR Readjust
2009 6.50%
2008 6.75% 6.50%
2007 6.75%
2006 6.00%
2005 6.00%
2004 6.00%
2003 6.50%
2002 6.50%
2001 6.75%
2000 6.75%
1999 8.00%
1998 10.50% 12.27%
1997 9.25%
1996 8.50%
1995 6.60%
1994 8.25%
1993 9.50%
1992 9.00%
1991 7.50%
1990 7.00%
1989 7.00%
Year 1998 BLR rate was the highest due to 1997-98 economy crisis. Almost all the South East Asia financial institutions were facing problem during that time. Luckily, it passed. Based on the current economy trend, the BLR rate will be higher in year 2010 and 2011 when economy is back on track.
