What is the Lending Rate from various banks now? (Updated May 2019)

As most of us already knew, Bank Negara Malaysia (BNM) decided to reduce the Overnight Policy Rate (OPR) to 3% at its last meeting on 7 May...

A New Way of Transferring Money via DuitNow !!!

Remember this date, 8 December 2018, it will mark another milestone in the financial industry in Malaysia with the launching of DuitNow mon...

[Banks] BR, BLR/BFR and Indicative Effective Lending Rates as at 19th Feb 2018

After the latest Overnight Policy Rate (OPR) hike by Bank Negara Malaysia (BNM) in January 2018, all the banks and financial institutions re...

The Implications of Developer-cum-Financier !!! (Sept 2016)

Yeah. You see it right. Eligible developers can now apply for moneylenders licences to provide loan facilities of up to 100% to property buy...

Be Money Smart And Avoid These Credit Card Scams!

Chances are if you’re reading this, you are one of the millions of credit card users in Malaysia. But  did you know there are various credit...

Don't go to these 27 Maybank branches anymore after these dates... It's TRUE !!!

If you're a Maybank customer, then you should pay attention to this post. It could affect your daily dealings with the bank after these ...

Lower Interest Rate... Who is the Winner and Loser ??? (July 2016)

Surprisingly, Bank Negara Malaysia cuts the benchmark Overnight Policy Rate ( OPR ) by 25 basis point to 3% today amid challenging global o...

[Maybank 2016 CNY Special] Wanna change new notes after banking hours? How about e-Ang Pow ?

Chinese New Year is around the corner. Are you still rushing and queuing at banks just to change new notes to prepare "ang pow"? R...

Understanding the NEW Base Rate effective Jan 2015

New year always come with some new changes. In 2015, we have this thing called " Base Rate " (BR) which will replace the previous ...

How to Responsibly Use & Manage a Credit Card Account ?

Using a credit card doesn’t have to be difficult, but there are a few guidelines to follow in order to successfully manage your financial ac...

Is it Viable to opt for Fixed Rate Loan currently? (Oct 2014)

In anticipation of rising interest rate environment, would fixed-rate loans be a better option for borrowers? To recap, Bank Negara Malaysi...

Why Banks offering attractive FD promotions now? (July 2014)

Once again, we came back to this topic again. The Fixed Deposit promotion offered by various banks lately. Since FD seems to be a form of li...

Beginning of the end for big banks?

If the biggest banks are too big to fail, too connected to fail , too important to prosecute , and also too complex to manage , it would see...

Megabanks: too complex to manage

Having come across Chris Arnade, I'm currently reading everything I can find by him. On this blog I've touched on the matter of fina...

For banks, nothing is illegal

This would be literally unbelievable, except that we've all become desensitized to the double standard of our justice system -- enforcem...