Announcement on Bank of China (Malaysia) Berhad's Standardised Base Rate ('SBR')

With effect from 1 August 2022, Bank of China (Malaysia) Berhad will adopt Standardised Base Rate (‘SBR’) as the reference rate for the pricing of new retail loans, refinancing of the existing retail loans, and renewal of existing revolving retail loan.

If you are an existing borrower who has taken a loan before 1 August 2022 the introduction of the Standardised Base Rate will not affect your contracted lending rate.

SBR is based on the benchmark rate specified by Bank Negara Malaysia (‘BNM’). The benchmark rate is currently set as the prevailing Overnight Policy Rate (‘OPR’), as set out in the Monetary Policy Statement of the Monetary Policy Committee of BNM. 

The lending rate charged to the customer on a retail loan shall be the SBR plus a spread:

                                    Lending rate = SBR+ spread

SBR is at 2.75% per annum with effect from 09^th November 2022.

FAQ on Standardised Base Rate (SBR)

Thank you

Bank of China (Malaysia) Berhad