BPLR increase of 25 basis points to 17.95% p.a. effective November 1, 2026
Benchmark Prime Lending Rate increased by 25 basis points: from 17.70% p.a. to 17.95% p.a.
By ScoutQuest · · 1 min read
- BPLR Change
- increased by 25 basis points
- Revised BPLR
- 17.95% p.a. (from 17.70% p.a.)
- Effective Date
- November 1, 2026
What the company informed the exchange
- The Board of Directors, through a Circular Resolution, considered and approved an increase in the company's Benchmark Prime Lending Rate (BPLR).
- The increase is by 25 basis points, taking the rate from 17.70% p.a. to 17.95% p.a.
- The revised rate takes effect from November 1, 2026.
- The event date and time recorded for the change is October 24, 2026 at 05.15 P.M.
What BPLR means
BPLR, or Benchmark Prime Lending Rate, is the reference rate a lender uses to price at least some of its loans. When this benchmark is revised, the interest rate on loans linked to it is also reset, as per the terms of each loan agreement.
How to read the change
- The benchmark has been increased, not reduced. For a borrower whose loan is priced off the BPLR, the applicable rate can move up, subject to the specific terms of that loan.
- For the lender, a higher benchmark rate changes the pricing on loans linked to it. The size of the effect depends on how much of the loan book is linked to this benchmark and on the terms of each contract.
- The change is a pricing decision on the company's lending rate and applies from November 1, 2026.
Key figures to note
- Existing BPLR: 17.70% p.a.
- Revised BPLR: 17.95% p.a.
- Size of the change: 25 basis points
- Effective date: November 1, 2026
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More numbers
- Increase in Benchmark Prime Lending Rate25 basis points
- Revised BPLR17.95% p.a.
- Existing BPLR17.70% p.a.
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