On 9 May 2024, the Monetary Policy Committee (MPC) announced to maintain the Overnight Policy Rate (OPR) at 3.00%. Following BNM’s announcement, Alliance Bank Malaysia Berhad (“Alliance Bank”) and Alliance Islamic Bank Berhad (“Alliance Islamic Bank”) will maintain the Standardised Base Rate (“SBR”) at 3.00%.
Refer to Monetary Policy Statement Snapshot May 2024: Click HERE and for Frequent Asked Questions (FAQ) on Monetary Policy: Click HERE.
What is Overnight Policy Rate (OPR)?
OPR is a BNM’s policy interest rate that influences banks’ lending and financing rates, as well as deposit rates.
How OPR impact your loan/financing interest rate?
The SBR is linked solely to the Overnight Policy Rate (OPR), as determined by the Monetary Policy Committee (MPC) of Bank Negara. For floating rate loan/financing pegged to SBR, if OPR maintained, the SBR will be maintained and there will be no changes to your loan/financing interest/profit rates which your monthly installment amount will remain the same.
If there is increase in OPR, it will cause higher interest/profit rates and will increase your monthly instalment amount. The reverse happens when reduce OPR, it will reduce the interest/profit rates and monthly instalment amount.
Payment Assistance
We believe that banking should be more than just a transactional experience. Beyond just a bank, we strive to be a true partner that supports our customers through every stage of their financial journey.
If you are having difficulty with your loan/financing repayment/payment, we are here to assist you with our available repayment/payment options. Please refer to https://www.alliancebank.com.my/Payment-Assistance for more details.
Alternatively, you may visit and seek advisory from Khidmat Nasihat Pembiayaan @ Agensi Kaunseling dan Pengurusan (AKPK) at https://www.akpk.org.my.