Overnight Policy Rate (OPR) in Malaysia has INCREASED in 2022!

The other day, we just saw that Bank Negara increased the OPR from 1.75% to 2%. Then increased to 2.25% on 7th July 2022! It seems like monthly instalments for bank loans are increasing!

You must be wondering, what is OPR? OPR in full terms is the Overnight Policy Rate, which is the minimum interest rate set by our central bank, Bank Negara Malaysia (BNM) that determines the rate of interest for financial institutions that lend each other money overnight.

So many people had heard about the Overnight Policy Rate (OPR) decreasing during the pandemic, then increasing just a month ago, then they announced that they will most likely raise the OPR again by the end of 2022. Now, OPR has increased by 2%, how does it affect you as a home buyer or property investor? In this video, we will be explaining how OPR affects your property purchase in your mortgage loan!

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