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KUALA LUMPUR: Alliance Bank Malaysia Bhd will reduce its base rate, base loan rate and base financing rate by 50 basis points starting Friday.
He said Thursday that his base rate will drop from 3.32% pa to 2.82% pa. and the base interest rate and the base financing rate of 6.17% per year. at 5.67% p.a.
“The revision applies to all existing loans and / or financing linked to the base rate, the base loan rate and the base financing rate. To align with these changes, deposit rates will also be reviewed on the same effective date, ”he said.
Alliance Bank Group CEO Joel Kornreich said the further reduction in the overnight policy rate offers additional relief to borrowers.
“Alliance Bank also provides other financial assistance, such as loan restructuring and rescheduling, to help ease the burden of borrowers’ cash flow in these difficult times,” he added.
Kornreich said the Alliance Bank has gone beyond financing to help SMEs with the launch of the #SupportLokal initiative to help them expand their business digitally and take advantage of major e-commerce platforms like Shopee and AIRASIA
OUR STORE.
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