STANDARDISED BASE RATE (SBR)

Dear valued customers,

Effective 1 August 2022, BSN will implement a new reference rate i.e. Standardised Base Rate (SBR) for all our new floating-rate retail lending and financing activities. The SBR will be based on the prevailing Overnight Policy Rate, which is in line with the recently revised Reference Rate Framework by Bank Negara Malaysia (BNM) issued on 11 August 2021.

However, the existing financing and loans taken before 1 August 2022 will still be priced against the Base Rate (BR), Base Financing Rate (BFR) / Base Lending Rate (BLR) (i.e. BR + spread / BLR/BFR + spread).

The latest rates are as follows:

  1. Standardised Base Rate (SBR)
2.25% per annum
  1. Base Rate (BR)
3.10% per annum
  1. Base Financing / Lending Rate (BFR / BLR)
5.85% per annum

For more details, please call BSN Contact Centre at 1300-88-1900.



Thank you.

28 July 2022

View Frequently Asked Questions (FAQs) On Revised Reference Rate.