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OPR Interest Rate By Bank Negara Malaysia

Overnight Policy Rate

Bank Negara Malaysia (BNM) cut its overnight policy rate (OPR) by 25 basis points (bps) to a record low of 1.75% .

  • Including latest Overnight Policy Rate cut, BNM has slashed the OPR four times so far this year for a cumulative 125bps reduction
  • Jan 22, 2020, BNM cut the OPR by 25 bps to 2.75% followed by another 25bps reducing on March 3 to 2.5%.
  • On May 5, BNM slashed the OPR by 50 bps to 2.00 and now with the latest low cut rate of 1.75%.

The Impact of covid -19

Due to the impact of COVID-19 on the global economy is severe. Global economy conditions remain weak with global growth to be negative for the year.

Broad-based weakness in labor markets and precautionary behavior by households and businesses could affect the recovery going forward and the pace and strength of the recovery, however, remain subject to downside risks emanating from both domestic and global factors.

Several major economies have begun relaxing measures to contain the COVID-19 pandemic, leading to the gradual resumption of economy activity. 

OPR provides additional policy stimulus to accelerate the pace of economy recovery. The MPC  (Monetary Policy Committee) will continue to assess evolving conditions and their implications on the overall outlook for inflation and domestic growth.

Home Loan & Finances

Home Loan

Respective Home Loan Package 

Home loan playing an important portion on buying a house , there are many types of loans in the market that you can take to pay for the property you intend to buy. Take a look at the four most common home loan packages in Malaysia.

Term Loan

This is the most conventional of all the loans. You pay interest and principal throughout the tenure. In term loan has a maximum tenure of 35 years or age 70, whichever comes first. If you would like to pay more to finish the loan earlier, you will need to inform the bank before hand in order to reduce the principal otherwise the extra payment will go towards prepayment for the following months.


Overdraft, the borrowers only pay interest portion without having to pay the principal. How much interest you are charge will depend on how much you have utilise the overdraft facility. Overdraft is good for businesses because any surplus funds at anytime can be deposited into the overdraft account, therefore reducing the overdraft balances and consequently, the interest charge, which is calculate on daily rest.

Flexi Loan

Flexi loan is a hybrid between a term loan and overdraft, beside of monthly instalment the borrowers can do any additional repayment at any time. The additional repayment will go towards reducing the interest charge on the flexi-loan facility as the principal owing to the bank has been reduces. extra charge may incur when you pay more towards reducing the principal.

Home Loan & Finances


Islamic Loan

Islamic loan uses the Murabahah concept under syariah principle banks will buy the property from the borrower and then rent it back to them. The bank will determine the profit rate in advance after considering the tenure duration , the fixed or floating interest rate are available but the interest on the floating rate is lower than the fixe rate.

Next:  MRTA

Selangor state government Welfare Malaysia

Selangor state government welfare

Did you know the benefits giving by The Selangor State Government Malaysia SSIPR to ALL it’s citizens. ( T&C apply) .

SSIPR Selangor

  • New born baby Rm1,500
  • Golden Age friendly scheme Rm100 monthly
  • Preschool Rm50 monthly
  • Free tuition classes
  • Rm1,000 when you enter College / University
  • Funeral expenses Rm2,500
  • KISS RM200 monthly Basic Necessity for B40 mothers group
  • Bus Smart Selangor
  • Benefit Program up to RM350
  • Free Mammogram checkup
  • Up to Rm500 yearly Medical expenses
  • 0% interest Business loan up to Rm30,000
  • Free internet access – WIFI Smart


新生婴儿 Rm1,500
黄金时代友善计划每月 Rm100
学前班每月 RM50
当你进入学院/大学时 RM1,000
丧葬费 Rm2,500
KISS 每月 RM200 , B40 妈妈组基本必需品
高达 RM350 的福利计划
免费乳房 X 光检查
0% 利息商业贷款高达 Rm30,000
免费上网 - WIFI 智能

KISS – kasih Ibu Smart Selangor

To appreciate the great sacrifice of mothers, the Selangor State Government introduced a special welfare program among low-income groups B40.

为了感谢母亲们的巨大牺牲,雪兰莪州政府推出了一项针对低收入群体 B40 的特殊福利计划.
Selangor state government welfare Malaysia to its citizens.

Bus Smart Selangor

The Selangor State Government has provided free bus services to to 3 Selangor Authorities namely Shah Alam City Council (MBSA) , Subang Jaya Municipal Council (MPSJ) and Klang Municipal Council (MPK).

雪兰莪州政府已向 3 个雪兰莪州政府提供免费巴士服务,即莎阿南市议会 (MBSA)、梳邦再也市议会 (MPSJ) 和巴生市议会 (MPK).

Benefit Program

Provision of temporary assistance given to eligible Selangor citizens up to RM350 per month to obtain basic needs in case of unavoidable life problem.

每月向符合条件的雪兰莪州公民提供高达 350 令吉的临时援助,以满足在不可避免的生活问题时的基本需求.

Voucher assistance

You can obtain vouchers specifically for low-income people in the State of Selangor to buy essential items for Hari Raya Aidilfitri , Chinese New Year and Deepavali celebrations.


Health Care Insurance Scheme

Under the Health Care Insurance Scheme program, policy holders are entitle to basic health treatment benefits every year and basic coverage covering death, accident and critical illness coverage.


Mammogram Scheme

Under the Women’s Health Scheme providing free mammogram screening services to all women in the State of Selangor.

根据妇女健康计划,为雪兰莪州的所有妇女提供免费的乳房 X 光检查服务.

Healthy Help ( Bantuan Sihat )

This program to help low income Selangor citizens to get healthy treatment for minor surgery , Kidney dialysis , eye cataracts , prosthetic legs and other treatments that will be considered.


Rumah Selangorku Scheme

Eligible Selangor Citizens can apply to own house worth no more than RM250,000 through the Rumah Selangorku Scheme.

符合条件的雪兰莪公民可以通过 Rumah Selangorku 计划申请拥有价值不超过 RM250,000 的自己的房屋.

Technical & economic initiative

Smart Selangor Technical Skills and economic Initiative Program is a technical certification course where fees are fully covered by the Selangor State Government included fix allowance of RM300 per month.

Smart Selangor Technical Skills and Expertise Initiative Program 是一项技术认证计划,学费由雪兰莪州政府全额支付,另外还有每月 300 令吉的额外津贴.

Fund Scheme

Through this scheme the Selangor State Government will buy houses and Rent them out to low-income buyers. The house will be sell with the selling price minus a portion of the Rental paid. Participants of this program can carry out the purpose of purchasing the house unit in question within a period not exceeding 25 years at the original price of the house starting from the date it was first rented.

通过这项计划,雪兰莪州政府将购买房屋并将其出租给低收入买家。然后房子将以售价减去已付租金的一部分出售。该计划的参与者可以在不超过 25 年的期限内以房屋最初出租之日起的原价购买有关房屋单元的目的.

Smart Rent Scheme

The Smart Rent Scheme provides opportunities for low and medium-low income groups who are unable to make purchases,. Rumah Selangorku offered a Rental Scheme at a reasonable and affordable rate so that they can finally owned their own home in the State of Selangor.

智能租金计划为无法购买的中低收入群体提供了机会。 Rumah Selangorku 以合理且负担得起的付款率提供租赁计划,以便他们最终可以在雪兰莪州购买自己的房屋.

How to Apply ( 如何申请 )

Applicable Benefits category

Selangor Citizens Welfare by State Government Selangor Malaysia.

Home Ownership Campaign

Home Ownership Campaign HOC was a government initiative designed to support home buyers looking to purchase property. At the same time, it also encouraged the sales of unsold properties in Malaysia’s housing market .

With growing desire for home ownership among-st Malaysians, particularly in popular urban areas, the HOC initiative was designed to match aspiring home-seekers with all those empty homes.

The Home Ownership Campaign (HOC), which ran throughout 2019, was designed to encourage the increase in home ownership among Malaysians. And now, it’s back again from June 2020 till 2021.

The financial incentives & benefit that were offered as part of the scheme.

Full stamp duty exemption till RM1 million

Under the scheme, successful applicants enjoyed 100% stamp duty exemption on Instrument of Transfer for any residential home purchase up to the value of RM1 million.

Partial stamp duty exemption till RM2.5 million

For properties worth more than RM1 million up to RM2.5 million, you paid 3% stamp duty on the Instrument of Transfer for the amount that’s more than RM1 million.

Property PricesStamp Duty
First RM100,000Exempted
RM100,001 to RM500,000Exempted
RM500,001 to RM1,000,000Exempted
RM1,000,001 to Rm2,500,0003%

How do you save on it ?

Home ownership campaign year's 2020

assume your property purchased price was RM500,000 in between with & without HOC scheme.

without HOCwith HOC
Down payment (500,000 x 10%)RM50,000RM0
Stamp duty on loan (450,000 x 0.5%)RM2,250RM0
Stamp duty on MOT (100,000 x 1% +
350,000 x 2 %)
Total costRm60,250RM0

Comparison chat

Stamp duty exemption on the instruments of transfer and loan agreement for the purchase of residential homes priced between RM300,000 to RM2.5 million (subject to at least 10% discount provided by the developer).

The exemption on the instrument of transfer is limited to the first RM1 million of the property price, while full stamp duty exemption is given on loan agreement effective for Sale and Purchase Agreement (SPA) signed between 1st June 2020 to 31st May 2021.

Instruments on secure loan exemptions.

Home ownership campaign year's 2020

Instruments on secure loan exemptions.

All properties within the scheme enjoyed a further stamp duty exemption on the Instrument of Securing Loan up to Rm2,500,000 purchase price.

Eligibility (term & conditions)

The Home Ownership Campaign covered registered residential properties with a value between RM300,000 and RM2.5 million. Those properties must be registered with the relevant authority for each region. it’s important to note that properties classified as a SoHo, SoFo, or SoVo were not qualified for the HOC either.

Eligibility only applies to those registered residential properties listed by developers within the scheme. covered registered residential properties with a value between RM300,000 and RM2.5 million. Those properties must be registered with the relevant authority for each region.

Home ownership campaign year's 2020

Know more about home ownership campaign 2020

Know more about home ownership campaign 2020

Does it apply to secondary markets?

No, the HOC 2020 only applied to new properties registered under the campaign from specific developers.

Did all properties receive a 10% discount?

minimum 10% discount applied on all properties within the scheme, with the exception of those subject to government price controls.

Can I buy multiple properties under the campaign?

Yes, you can. There was no limit to the number of properties you can purchase, and get stamp duty exemptions for all, under the HOC 2020.

Do I have to pay a fee to participate?

No, the campaign is free. Developers must pay a registration fee but that does not apply to home owners.

What was the exemption amount on the Instrument of Loan?

The exemption on an Instrument of Loan amount covers 0.5% of the loan agreement. That amount covers the standard stamping fee for such an instrument.

**Details of the home ownership campaign 2020 will be updated upon the official release of government gazette.

政府将会再度推出“拥有房屋运动”计划,购买房屋价格介于30万至250万令吉之间将可豁免地契 转让及贷款合约的印花税。至于地契转让方面,免印花税仅限于房屋价值的首100万令吉。

这项豁免 适用于今年6月1日至2021年5月31日之间签订的买卖协议,但须遵守发展商给予至少10%折扣的条款。

To Buy a Home 2022

The start of a new decade often spurs people on to make financial decisions and goals, and if one of yours is to buy a house, you may be wondering whether 2022 is the right time to do so. The answer? It may depends.

Should i buy an investment property 2022 ?

Whether now’s the right time to buy a home should largely boil down to mortgage rates, low inflation, housing market inventory and your personal financial circumstances, Mortgage rates are recorded at an all-time low, 3.301% BR on a 30-year fixed mortgage.

Keeping the above in mind, this year could be the right one to buy a home .

Advantage when you

  • You have good credit. Though it’s possible to qualify for a mortgage with a lower credit score, the higher yours is, the more likely you are to get approved for the most competitive rates available. And that could be your ticket to making home ownership more affordable.
  • Your current debt load is manageable. Your debt-to-income ratio measures your monthly debt obligations relative to the income you bring in. The lower it is, the greater your chances of getting approved for a mortgage.
  • But home loan approval aside, having less debt means you’re better equipped to take on the expense of a home, so rather than focus on that ratio alone, think about how you’re managing the debts you already have. If you can pay them easily, then taking on more debt in mortgage form is something you can likely swing, but if you’re already struggling, you may want to hold off.
  • You have a solid amount of savings. You need savings to not only make a down payment on your home but also to keep up with its ongoing costs and buy yourself protection in the event of unplanned repairs. Ideally. On top of that, you should have enough money left over to cover three to six months of essential living expenses, housing costs included.
  • You have a steady job. If you’ve been with the same company for years, have a good reputation, and have reason to believe your job is stable, then this year may be a good one to buy. But if you’re not confident in your job situation, it definitely pays to wait a few years, get settled at a new company or in a new career, and then move forward with your home buying plans.

Penjana Economic Recover Plan

Under the national economic recover plan Malaysia government will extend the Wage Subsidy Programmed worth RM5 billion for another three months to promote employee retention and reduce layoffs.

Prime Minister Tan Sri Muhyiddin Yassin, in announcing the Economic Recovery Plan (Penjana), said the wage subsidy was well received when it was introduced in the Prihatin Rakyat Economic Stimulus Package in March and April that

  • wage subsidy is set at RM600 per month per employee, for up to 200 workers per company.
  • wage subsidy would also be applicable for employers in the tourism sector or other sectors prohibited from operating during the Conditional Movement Control Order.
  • Employers are allowed to apply for the wage subsidy for employees on unpaid leave, but employees must receive the subsidy directly.
  • Hiring Incentive Programme worth RM1.5 billion to encourage the hiring of the unemployed.

The first is to hire unemployed people aged below 40, with an incentive of RM800 per month per worker follow is to hire unemployed people aged 40 and above and disabled persons with an incentive of RM1,000 per month per worker , He’s adding that the incentives would be provided for up to six months.



  1. 额外拨出20亿令吉作为重振中小型企业经济,每名中小型企业最多可获得50万令吉。

  2. 政府批准国内组装车豁免征收100%的销售税,从国外进口的汽车则免征50%税务。

Gains tax act 1976 the Real Property Gain Tax (RPGT) is a tax chargeable on the profit gained from the disposal of a property’s in Malaysia which is payable by  a seller.

Malaysia Real Property Gain Tax

For example, A man bought a piece of property in year 2000 at a value of RM500,000. Subsequently, A  man sold the property to A girl at the value of RM700,000 then the RPGT is calculated for RM200,000 profit gaining from the disposal of the property.

Deductible of gain tax after

  • Renovation costs
  • Stamp duty
  • Valuation fees
  • Legal fees, Agent fees

Malaysian & PR (Individual)

  • Disposal within 3 years from purchased     30%
  • Disposal 3 to 4 years from purchased          20%
  • Disposal 4 to 5 years from purchased          15%
  • Disposal after 5 years from purchased         Nil

Malaysian & PR (Company)

  • Disposal within 3 years from purchased     30%
  • Disposal 3 to 4 years from purchased          20%
  • Disposal 4 to 5 years from purchased          15%
  • Disposal after 5 years from purchased          5%

Tax Rate of RPGT for foreigners (individual)

  • Disposal within 5 years from purchased      30%
  • Disposal after 5 years from purchased            5%


  • An individual will be given an exemption equal to Rm 10,000 or 10% of the chargeable gain, whichever is greater.
  • Malaysian citizen and permanent resident will be entitle once in a lifetime exemption on any chargeable gain arising from the disposal of his private residence
  • Transfer and transmission from deceased to beneficiaries
  • Transfer between Spouses, parent and child, grandparent and grandchild
  • Transfer to trustees.

Bantuan Prihation National Review

One of the government aids that is provided under the economic stimulus package. It is a one-off aid that is given to the B40 and the M40 community.

The bantuan prihatin national BPN given to the B40 community is based on the database from the Bantuan Sara Hidup (BSH). The BPN for the M40 community is based on the Inland Revenue Board’s (LHDN) taxpayer database.

Qualifier to receive the B40 & M40 for Bantuan Prihatin National BPN

Check BPN / semakan status

A: The category that is qualified to receive the B40 BPN are as below:-

i) Household

a) Married; or

b) Single parents/ widower/ widow reporting child information on the BSH 2020 application.

c) Household income RM4,000 and below.

ii) Single

a) Single or single

parents/ widower/ widow with no reporting child information on the BSH 2020 application.

b) Above 21 years old including senior citizens (60 years old and above).

c) Single income of RM2,000 and below.

The category that is qualified to receive the M40 BPN are taxpayers registered with LHDN with status as below:-

i) Household

a) Married

b) Single parents/widower/ widow based on the taxpayer data base.

c) The monthly aggregate income between RM4,001 and RM8,000 based on their recent income tax return forms (BNCP).

ii) Single

a) Individuals who are single in the tax data base.

b) Above 21 years old.

c) Monthly income between RM2,001 and RM4,000 based on their BNCP.

iii) Taxpayers who are Malaysians living in Malaysia.

Payment release for the B40 and M40 community will be made in April and May.

The B40 payments will be made via:-

a) There is information on the account – the payments will be credited into the account.

b) If the payment status is credit failure – payments will be made via cash at Bank Simpanan Nasional.

c) No account – payments will be made via cash through Bank Simpanan Nasional.

The M40 payments will be made via:-

a) Payments will be made through bank accounts listed under the BNCP.

b) Payments will be credited into the bank account of the head of the household.

c) If joint assessment was made during the BNCP, then the payments will be credited into the bank account of the taxpayer who made the joint assessment.

If the payment status is credit failure, then the payment will be made via cash through Bank Simpanan Nasional.

Under the M40 BPN:

Applicants can update their bank information through the e-Kemaskini application at https://ez.hasil.gov.my/ci/ to ensure that their bank information is up to date and is active. Ensure that the bank account is under the name of the account holder.

How to check the status of your BPN payments ?

Recipients who are qualified to receive the B40 and M40 can check their status starting April 1.

The Bantuan prihatin national BPN database will be based on:-

a) Under the B40: the list of approved BSH recipients.

b) Under the M40: the list of income tax payers who meet the BPN income criteria.

Recipients can check their status via:- a) LHDN: http://www. hasil.gov.my

b) BSH: https://bsh.hasil.gov.my

c) Finance Ministry: https://www.treasury. gov.my

How to check your approval states / make a new applications .

Try here:


Will BPN recipients living in the interiors of Sabah and Sarawak receive their payments by April?

No. BPN B40 payments for those living in the interiors of Sabah and Sarawak will be made in a one-off payment together with their BSH payments.

the payment method will be made through the opening of counters in the interiors of Sabah and Sarawak which will be coordinated by the Sabah and Sarawak Treasury through the Finance Ministry. The date and the location will be made known later.

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