KUALA LUMPUR: Hong Leong Bank Bhd
and Hong Leong Islamic Bank Bhd will reduce the base rate and Islamic base rate to 3.38% from 3.63% respectively following Bank Negara's reduction in the overnight policy rate, effective March 6, 2020.
Concomitantly, the loans and financing based on the base lending rate and Islamic financing rate will be lowered to 6.39% from 6.64% while the board rates of its fixed deposits will be revised lower by 25bps.
