26.1 C
Kuala Lumpur
Tuesday, July 23, 2019

Tag: Loans

‘Banks rejecting Kedah Malay reserve land as security’

Gerakan Youth leader Tan Keng Liang urges state government to help those affected by the Court of Appeal's ruling.

Affordable housing scheme must be managed well, says Fomca

The consumer body wants financial education for first-time home buyers to prevent over-borrowing.

PTPTN always open for consultation with borrowers

Any action will take into account all aspects and will not be done arbitrarily.

Over a million PTPTN borrowers may be denied future loans

PTPTN borrowers who fail to repay loans on time or not at all blacklisted by CCRIS.

‘6pc interest on developer loans still a burden’

National House Buyer Association asks why ministry was so gung-ho about developers giving out such loans.

Developer loan interest rate may be capped at 6pc

Urban Wellbeing, Housing and Local Government Minister Noh Omar says as minister he has power to decide on interest rate and loan repayment period.

‘Developers have no money to give loans to buyers’

Finance Minister II Johari Ghani points out that developers need to secure a bank loan themselves before starting any new project.

2017 Budget: Attractive measures for homebuyers expected

Finance Ministry is in talks with four major banks on how 1Malaysia People's Housing (PR1MA) can deliver affordable homes.

Developers are not Ah Long, says ex-Rehda president

Rehda Past President Ng Seing Liong says housing developers prefer to use any money they have to build more homes instead of going into the moneylending business as suggested by Minister Noh Omar.

Developers licensed to give loans to house buyers

Urban Wellbeing, Housing and Local Government Minister Noh Omar says the interest rate for these money-lending licences will be capped at 12 per cent a year for borrowers with collateral and 18 per cent for those without.

Fewer people taking bank loans as economy slows

Despite BNM’s rate cut, consumers and businesses are holding back, say analysts.

Expert: High living cost, low income lead people to borrow

UTAR lecturer says although loans help spur country’s economic growth, it has a negative effect in the long term.

Bank Negara denies first-time home buyers rejected

Bank Negara says access to loans not the problem, issues such as affordability and shortage of reasonably-priced houses more pressing.

Majority of family debts result from house, car purchases

Skyrocketing prices of houses have aggravated household debt, says economic think tank.

Majority of family debts result from house, car purchases

Skyrocketing prices of houses have aggravated household debt, says economic think tank.

CIMB announces reduction in base rate, BLR, BFR

CIMB's BR will be reduced from 4.1% to 3.9% per annum and its BLR/BFR, decreased from 6.95% to 6.75% per annum effective July 22, 2016.

PPIM: Banks can do more to help small entrepreneurs

Persatuan Pengguna Islam Malaysia says many small business operators find the process to apply for loans too complicated and tedious, so they end up going to Ah Long who charged very high interest rates.

‘Reduce reliance on Ah Long, give more small loans’

Economic expert suggests these small loans have a low interest rate not exceeding 2%, with the repayment amount broken down into smaller daily or weekly collections rather than hefty monthly amounts.

Most bankruptcy cases due to personal loans, hire purchase

Despite public perception, statistics show that the credit card application approval rate is only between 50-60%, and not 80%.

1.25 million PTPTN borrowers listed in CCRIS

These former students will find it difficult to obtain personal loans, credit cards, housing loans and vehicle loans from financial institutions.

PSD introduces new sponsorship model

It focuses on the sponsorship of students to local institutions of higher learning to retain the brightest students in the country.

MOST VIEWED LAST 2 DAYS

CURRENT HIGHLIGHTS