OPR (Overnight Policy Rate)
Bank Negara Malaysia's policy rate and its impact on your mortgage
OPR (Overnight Policy Rate)
Bank Negara Malaysia's policy rate and its impact on your mortgage
Current OPR
3.00%
Effective since 2024-11-07
Unchanged
MPC Meeting 6/2024
How OPR Changes Affect Your Loan
RM
Your current loan balance
%
Your current ELR
Remaining loan period
OPR -0.25%
Interest Rate
4.25%
Monthly Payment
RM 2,214
-RM 66/month
Total Interest
RM 346,943
-RM 23,888 total
Current
Interest Rate
4.50%
Monthly Payment
RM 2,280
Total Interest
RM 370,830
OPR +0.25%
Interest Rate
4.75%
Monthly Payment
RM 2,347
+RM 67/month
Total Interest
RM 395,069
+RM 24,238 total
OPR +0.50%
Interest Rate
5.00%
Monthly Payment
RM 2,416
+RM 136/month
Total Interest
RM 419,651
+RM 48,821 total
Key Insight
A 0.25% increase in OPR typically results in a similar increase in your loan's interest rate, adding approximately RM 67 to your monthly payment and RM 24,238 to total interest over the loan term.
The OPR is set by Bank Negara Malaysia's Monetary Policy Committee (MPC) and directly influences bank lending rates. Changes in OPR typically result in corresponding changes to bank Base Rates.