news

Online application for Treasury housing loans effective next year

KOTA KINABALU: All applications for the Treasury housing loans have to be made online, effective Jan 1 next year, Treasury Housing Loan Division secretary Datuk Shuib Md Yusop said.

The Housing Loan Division (BPP), he said, had been given three months to shift to the online system

Speaking at the launch of the state-level Integrated Housing Loan System (SPPB) portal by Sabah Local Government and Housing Minister Datuk Hajiji Noor, Shuib said the system was developed to provide for an efficient and comprehensive housing loan management system.

"Through this system, BPP will be able to give conditional approval immediately when the applications are complete and send online," he added.

Shuib said the setting up of the portal was part of efforts to improve BPP's delivery system.

BPP, he said, received almost 3,000 loan applications every month, including about 300 from Sabah.

Meanwhile, Hajiji in his speech congratulated the Malaysian Treasury for its success in further improving the e-government service by introducing SPPB.

The system would make it easier for applicants to check the status of their applications, repayment, progress payment and annual statement, he added. — Bernama

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE