RHB publishes the indicative rate on a standard RM350,000 home loan at every change since 2015. That lets this page show what the loan cost each time, and how many days after each BNM decision the new rate arrived.
RHB's Standardised Base Rate (SBR) is 2.75% a year, its Base Rate (BR) is 3.50%, and its Base Lending Rate (BLR) and Base Financing Rate (BFR) are 6.45%, effective 11 July 2025. RHB Islamic Bank's Standardised Base Rate Islamic (SBRI), Base Rate Islamic (BRI) and BFR carry the same figures. RHB also publishes an indicative effective rate of 4.50% a year for a standard RM350,000 housing loan over 30 years with no lock-in period. Bank Negara Malaysia (BNM) has kept the Overnight Policy Rate (OPR) at 2.75% at every decision since its 9 July 2025 cut, most recently on 3 September 2026. Every other bank's rate is on our Malaysia bank Base Rates table.
RHB's rates today, and which loans use each one
RHB publishes one figure for each conventional rate and its Islamic counterpart, and its instalment-revision FAQ says the reference rate is the same for conventional and Islamic retail loans and financing.
| Rate | Rate now (from 11 Jul 2025) | Which retail variable-rate loans use it |
|---|---|---|
| Standardised Base Rate (SBR) / SBR Islamic (SBRI) | 2.75% | New retail floating-rate loans and financings, refinancing of existing ones, and renewals of revolving facilities from 1 August 2022. RHB says the SBR can rise or fall with changes in its benchmark, the OPR. |
| Base Rate (BR) / Base Rate Islamic (BRI) | 3.50% | Loans and financings priced on the BR from 2 January 2015 until the SBR took over for new loans on 1 August 2022. They stay on the BR unless refinanced. RHB's FAQ illustration prices a home loan at BR + 1.00%. |
| Base Lending Rate (BLR) / Base Financing Rate (BFR) | 6.45% | Loans and financings originally pegged to the BLR or BFR before 2 January 2015. They remain on that reference rate unless refinanced. |
| Indicative effective rate, standard RM350,000 housing loan over 30 years | 4.50% | Not a reference rate. It is RHB's published example of what a standard home loan with no lock-in period costs; your own rate depends on your offer. |
Your letter of offer shows which rate your loan follows, written as the reference rate plus or minus a margin (RHB's own FAQ example is "BR/BRI + 1.00%"). For the same loan amount, tenure and fees, it is the effective rate after the margin that sets the instalment, so a high reference rate does not make a loan dearer on its own. If your offer states a fixed rate, it does not move with these base rates, and a flat-rate hire-purchase quote is different again: the car loan calculator shows the effective rate behind a flat rate.
How RHB's rates have moved since January 2015
RHB publishes the series below on its rates page, starting in January 2015, when the Base Rate framework BNM introduced replaced the BLR as the reference rate for new retail loans. For dates before 1 August 2022, RHB's SBR line shows the OPR, which it notes is the SBR's benchmark; we show those rows as "Not yet used" and give the OPR in its own column, with the BNM decision that set it. RHB's conventional list prints the May 2023 row twice with the same figures; we show it once. The last column is the monthly instalment on RHB's standard RM350,000, 30-year housing loan at the indicative effective rate RHB published for that date.
| RHB change (effective) | OPR after BNM's decision | SBR | BR / BRI | BLR / BFR | Indicative effective rate | Instalment, RM350,000 over 30 years |
|---|---|---|---|---|---|---|
| Jan 2015 | 3.25% (10 Jul 2014) | Not yet used | 4.00% | 6.85% | 4.65% | RM1,804.73 |
| Dec 2015 | 3.25% (no change) | Not yet used | 3.90% | 6.85% | 4.65% | RM1,804.73 |
| Jul 2016 | 3.00% (13 Jul 2016) | Not yet used | 3.65% | 6.60% | 5.00% | RM1,878.88 |
| Feb 2018 | 3.25% (25 Jan 2018) | Not yet used | 3.90% | 6.95% | 5.00% | RM1,878.88 |
| Apr 2019 | 3.25% (no change) | Not yet used | 4.00% | 6.95% | 4.75% | RM1,825.77 |
| May 2019 | 3.00% (7 May 2019) | Not yet used | 3.75% | 6.70% | 4.50% | RM1,773.40 |
| Jan 2020 | 2.75% (22 Jan 2020) | Not yet used | 3.50% | 6.45% | 4.50% | RM1,773.40 |
| Mar 2020 | 2.50% (3 Mar 2020) | Not yet used | 3.25% | 6.20% | 4.25% | RM1,721.79 |
| May 2020 | 2.00% (5 May 2020) | Not yet used | 2.75% | 5.70% | 3.75% | RM1,620.90 |
| Jul 2020 | 1.75% (7 Jul 2020) | Not yet used | 2.50% | 5.45% | 3.50% | RM1,571.66 |
| May 2022 | 2.00% (11 May 2022) | Not yet used | 2.75% | 5.70% | 3.75% | RM1,620.90 |
| Jul 2022 | 2.25% (6 Jul 2022) | Not yet used | 3.00% | 5.95% | 4.00% | RM1,670.95 |
| Aug 2022 (SBR starts) | 2.25% (no change) | 2.25% | 3.00% | 5.95% | 4.00% | RM1,670.95 |
| Sep 2022 | 2.50% (8 Sep 2022) | 2.50% | 3.25% | 6.20% | 4.25% | RM1,721.79 |
| Nov 2022 | 2.75% (3 Nov 2022) | 2.75% | 3.50% | 6.45% | 4.50% | RM1,773.40 |
| May 2023 | 3.00% (3 May 2023) | 3.00% | 3.75% | 6.70% | 4.75% | RM1,825.77 |
| Jul 2025 (current) | 2.75% (9 Jul 2025) | 2.75% | 3.50% | 6.45% | 4.50% | RM1,773.40 |
One row needs a note. RHB's rates page shows a BLR of 6.95% for February 2018, but RHB's media release of 30 January 2018 announced a BLR of 6.85% from 2 February 2018, and its notice for 5 April 2019 put the BLR at 6.95% from that date. We show the page's figure in the table and leave the difference for RHB to settle; every other row matches the RHB notice for that change where one exists.
Four patterns stand out in RHB's own figures:
- Since April 2019, the BR has sat exactly 0.75 percentage points above the OPR. That holds in all 13 rows from April 2019, and it also held in January 2015. In between, the gap was 0.65 points in the three rows from December 2015 to February 2018: RHB cut its BR by 0.10 points in December 2015 and raised it by 0.10 points in April 2019, both times with no OPR change.
- The BLR has sat 2.95 percentage points above the BR in 15 of the 17 rows. The exceptions are January 2015 (2.85 points) and the February 2018 row as printed (3.05 points), so between consecutive rows from April 2019 onward an older BLR-pegged loan has moved by the same amount as a BR-pegged one.
- Since January 2020, the indicative home-loan rate has been exactly BR + 1.00 percentage point. That holds in all 11 rows from January 2020, the same margin as the "BR/BRI + 1.00%" in RHB's own FAQ illustration. Before then the margin over the BR moved between 0.65 and 1.35 points, and the indicative rate rose from 4.65% to 5.00% in July 2016 while the BR fell.
- Since the SBR began, every RHB change has matched BNM's OPR move. In all five rows from August 2022, the SBR equals the OPR, and the BR, the BLR and the indicative rate moved by the same 0.25 points as the OPR at each of the four changes since.
At today's 4.50%, the standard RM350,000, 30-year loan costs RM1,773.40 a month. That is RM105.48 less than at the 5.00% shown for July 2016 and February 2018 and RM201.74 more than at the 3.50% low of July 2020, which held until the May 2022 change. On that loan a 0.25-point rise in the indicative rate adds RM52.37 a month and a 0.25-point cut takes off RM51.61.
How the instalment is worked out, using the current row: the monthly rate is 4.50% ÷ 12 = 0.375%, and the instalment is P × r ÷ (1 − (1 + r)−n) with P = RM350,000, r = 0.00375 and n = 360 months, which gives RM1,773.40. The same formula reproduces the first two instalments in RHB's own FAQ illustration to within a ringgit: RM329,610 over 420 months comes to RM1,362.25 at 3.50% (RHB prints RM1,363) and RM1,611.32 at 4.75% (RHB prints RM1,612). Each instalment in the table is for a new 30-year loan at that date's rate; an existing loan's revised instalment depends on its remaining balance and tenure.
How soon RHB's new rates followed each BNM decision
RHB's rates page gives only the month of each change. Its own media releases and notices give the exact date for 11 of the 13 OPR changes in that table; for July 2016 and November 2022 we found no RHB notice, so those two rows are left out rather than taken from news reports. The gap ran from 2 to 8 days, and the July 2025 change was the quickest.
| BNM decision | New OPR | RHB's new rates effective | Days later |
|---|---|---|---|
| 25 Jan 2018 | 3.25% (+0.25) | 2 Feb 2018 | 8 days |
| 7 May 2019 | 3.00% (−0.25) | 15 May 2019 | 8 days |
| 22 Jan 2020 | 2.75% (−0.25) | 29 Jan 2020 | 7 days |
| 3 Mar 2020 | 2.50% (−0.25) | 9 Mar 2020 | 6 days |
| 5 May 2020 | 2.00% (−0.50) | 13 May 2020 | 8 days |
| 7 Jul 2020 | 1.75% (−0.25) | 13 Jul 2020 | 6 days |
| 11 May 2022 | 2.00% (+0.25) | 18 May 2022 | 7 days |
| 6 Jul 2022 | 2.25% (+0.25) | 13 Jul 2022 | 7 days |
| 8 Sep 2022 | 2.50% (+0.25) | 12 Sep 2022 | 4 days |
| 3 May 2023 | 3.00% (+0.25) | 8 May 2023 | 5 days |
| 9 Jul 2025 | 2.75% (−0.25) | 11 Jul 2025 | 2 days |
The date a reference rate changes is not the date your instalment changes. RHB's FAQ on the July 2025 revision shows the two can be almost two months apart.
What happens to an RHB instalment when the OPR moves
RHB's FAQ on the July 2025 revision (version 3, September 2025) sets out the sequence for its home loans and financings, commercial property financing, ASNB financing and variable-rate vehicle financing:
- 9 July 2025: BNM cut the OPR from 3.00% to 2.75%.
- 11 July 2025: RHB cut the SBR and SBRI from 3.00% to 2.75%, the BR and BRI from 3.75% to 3.50%, and the BLR and BFR from 6.70% to 6.45%. RHB's FAQ notes that the decrease is in line with the OPR reduction, and the effective rate of an account tied to a reference rate fell from the same day.
- Calculation basis, 5 August 2025: RHB's revised home-loan instalment uses the standard amortisation formula on the principal outstanding, the remaining tenure and the effective rate as at 5 August 2025. For a home-loan or commercial-property full-flexi or semi-flexi account, other than financing under a Commodity Murabahah contract, the amount available for redraw is included in that principal. For variable-rate vehicle financing the inputs are the balance and rate as at 11 July 2025. RHB sent each affected customer a notification letter.
- 5 September 2025: the new instalment took effect. RHB says the August 2025 instalment stayed the same as July's even though the new rate applied from 11 July.
RHB does not revise a home-loan, commercial-property or ASNB instalment when the change is RM5.00 or less; for variable-rate vehicle financing it revises the instalment regardless of the difference. Maybank, by comparison, leaves an instalment alone under RM10, and CIMB revises it however small the change. After a cut, you can ask RHB to keep your existing instalment by signing a Service Request Form at a branch; for vehicle financing the request goes by email at least seven calendar days before the due date, or through the Auto Finance Customer Service Request Form at a branch. RHB says a new request is needed at each future revision if you want to stay on the higher amount. If a new instalment is hard to pay, RHB's FAQ points to the same Service Request Form for a lower instalment, subject to assessment and management approval, and to AKPK for help with your finances.
RHB also explains why an instalment can rise after a rate cut. Its illustration is a home loan of RM329,610 over 420 months at BR + 1.00%: the letter of offer, dated May 2021 when the BR was 2.50%, set the instalment at RM1,363 for a 3.50% effective rate. The loan was fully disbursed in October 2023 with the BR at 3.75%, and RHB kept charging the RM1,363 in the letter rather than the RM1,612 a 4.75% rate would need. For the instalment payable from September 2025, on a balance of RM328,209 over 397 months at 4.50%, RHB's new instalment is RM1,554, which it describes as RM191 more than the original despite the 0.25-point cut. The other reasons it lists are a moratorium, which leaves accrued interest or profit to clear before the principal falls again, fees capitalised into a conventional loan's principal, and, for ASNB and variable-rate vehicle financing, late, skipped or partial payments. Test what a higher instalment does to your commitments with the DSR guide before you agree to a change.
How RHB compares with other banks
For loans taken from 1 August 2022, the SBR is 2.75% at every bank, so the margin in your offer is what differs between banks. For an older BR-pegged loan, RHB's BR of 3.50% sits between the lowest verified Base Rate in our table, Maybank's 2.75%, and the highest, CIMB's 3.75%. RHB's BLR and BFR of 6.45% are 0.19 points below the highest verified BLR or BFR, Hong Leong Bank's 6.64%. A reference rate on its own does not make a loan cheaper or dearer: the effective rate is the reference rate plus your margin. See every bank on the bank rates table, or compare home-loan offers. Our Maybank Base Rate, SBR and BLR page has the same instalment series for Maybank from May 2020, and our CIMB Base Rate, SBR and BLR page prices CIMB's home-loan tiers.
To see what a rate change means in ringgit, read our guide to what a 1% home-loan rate change does and when refinancing pays, with a worked RM400,000 example.
Wondering how the loan tenure changes what the same rate costs? Read our guide to a 30-year or 35-year home loan, with a worked RM400,000 example.
What is RHB's base rate today?
RHB's Standardised Base Rate (SBR) is 2.75% a year, its Base Rate (BR) is 3.50%, and its Base Lending Rate (BLR) and Base Financing Rate (BFR) are 6.45%, effective 11 July 2025, with the same figures for RHB Bank and RHB Islamic Bank. RHB also publishes an indicative effective rate of 4.50% for a standard RM350,000, 30-year housing loan with no lock-in period, as shown on its own rates page.
When does an RHB instalment change after an OPR move?
After BNM's 9 July 2025 cut, RHB's reference rates fell on 11 July 2025, but RHB's FAQ says the home-loan instalment stayed the same in August 2025 and the new amount applied from 5 September 2025, worked out on the balance, remaining tenure and effective rate as at 5 August 2025. RHB does not revise a home-loan instalment when the change is RM5.00 or less. BNM kept the OPR at 2.75% on 3 September 2026; we do not forecast the next decision.
Why can an RHB instalment go up after a rate cut?
RHB's FAQ gives four reasons: the instalment in the letter of offer was set when the reference rate was lower and is adjusted to the current rate at recalculation; a moratorium left accrued interest or profit to clear first, so the principal fell more slowly; fees such as fire insurance or legal fees were capitalised into a conventional loan's principal; and, for ASNB and variable-rate vehicle financing, late, skipped or partial payments.
Calculate with your own numbers
Open the home loan calculator with your own balance, rate and tenure, or the car loan calculator for a hire-purchase instalment.
Thinking of paying the loan off sooner? Try the mortgage early-settlement calculator.
Information only, not an offer, advice or a forecast of rate changes. Rates are as published by RHB and BNM on the dates shown; confirm the rate and instalment that apply to your account with RHB before you act.
Sources
- RHB, Interest / Profit Rates page — SBR, BR and BLR, and SBRI, BRI and BFR, effective 11 July 2025; the historical series from January 2015 to July 2025 with the indicative effective rate for a standard RM350,000, 30-year housing loan; reviewed 27 October 2026.
- RHB, Revision of SBR/SBRI, BR/BRI and BLR/BFR effective 11 July 2025 (PDF announcement, English and Bahasa Malaysia; indicative effective rate 4.50%) — reviewed 27 October 2026.
- RHB, FAQs: Monthly Instalment Revision for Home Loan/Financing-i, Commercial Property Financing, ASNB and Vehicle Financing-i (Variable Rate) (PDF, version 3, September 2025, English and Bahasa Malaysia; questions 1 to 9, reference rates effective 8 May 2023 and 11 July 2025) — reviewed 27 October 2026.
- RHB, media release of 30 January 2018 (PDF) — BR 3.65% to 3.90% and BLR 6.60% to 6.85% effective 2 February 2018; reviewed 27 October 2026.
- RHB, announcement effective 5 April 2019 (PDF, English and Bahasa Malaysia) — BR 4.00%, BLR 6.95%; reviewed 27 October 2026.
- RHB, announcement effective 15 May 2019 (PDF, English and Bahasa Malaysia) — BR 3.75%, BLR/BFR 6.70%; reviewed 27 October 2026.
- RHB, media release of 23 January 2020 (PDF) — BR 3.75% to 3.50% and BLR 6.70% to 6.45% effective 29 January 2020; reviewed 27 October 2026.
- RHB, announcement effective 9 March 2020 (PDF, English and Bahasa Malaysia) — BR 3.25%, BLR/BFR 6.20%; reviewed 27 October 2026.
- RHB, announcement effective 13 May 2020 (PDF, English and Bahasa Malaysia) — BR 2.75%, BLR/BFR 5.70%; reviewed 27 October 2026.
- RHB, media release of 7 July 2020 (PDF) — BR 2.75% to 2.50% and BLR 5.70% to 5.45% effective 13 July 2020; reviewed 27 October 2026.
- RHB, announcement effective 18 May 2022 (PDF, English and Bahasa Malaysia) — BR 2.75%, BLR/BFR 5.70%; with the media release of 11 May 2022; reviewed 27 October 2026.
- RHB, media release of 6 July 2022 (PDF) — BR 2.75% to 3.00% and BLR/BFR 5.70% to 5.95% effective 13 July 2022; reviewed 27 October 2026.
- RHB, media release of 8 September 2022 (PDF) — SBR 2.25% to 2.50%, BR 3.00% to 3.25% and BLR/BFR 5.95% to 6.20% effective 12 September 2022; reviewed 27 October 2026.
- BNM, OPR decisions — 2014 to 2026, latest decision 3 September 2026; reviewed 27 October 2026.
- BNM, Revised Reference Rate Framework (SBR from 1 August 2022, linked solely to the OPR) — published 11 August 2021; reviewed 27 October 2026.
- BNM, New Reference Rate Framework (Base Rate from 2 January 2015; existing loans originally pegged to the BLR stay on it unless refinanced) — published 19 March 2014; reviewed 27 October 2026.