A guide to refinancing
While some may not be familiar with refinancing, it is worth understanding the finance option, especially if you are a homeowner with a mortgage.
HSBC Malaysia, Kerjaya Prospek Property complete first green loan for a property developer
PETALING JAYA (March 23): HSBC Bank Malaysia and Kerjaya Property Sdn Bhd, a subsidiary of Kerjaya Prospek Property Bhd, have successfully completed their first green loan for a property developer.
EdgeProp launches LoanReport, Malaysia’s first loan eligibility tool
KUALA LUMPUR (Feb 24): EdgeProp Malaysia has launched LoanReport, a home loan pre-approval tool, today.
Banks have submitted a counter proposal to the govt's interest waiver plan, say sources
KUALA LUMPUR (Oct 8): Banks have come up with a counter proposal to the government's interest waiver plan, and some banking sources say it has been submitted to the authorities.
Interest Rate Waiver: Imperative that short-term relief measures do not incur long-term damage to economy — BNM
KUALA LUMPUR (Sept 24): It is “imperative that short-term relief measures do not incur significant long-term damage to the economy”, emphasized Bank Negara Malaysia (BNM).
PM: Govt in talks with lenders to waive interest fees for loan moratorium repayments
KUALA LUMPUR (Sept 14): Prime Minister Datuk Seri Ismail Sabri Yaakob (pictured) told the Dewan Rakyat today that the government is considering calls to compel lenders such as banks to waive interest fees on deferred loans to help ease the plight of the rakyat who are burdened by the Covid-19 pandemic.
MoF instructs banks to work on interest payment exemption for recipients of loan moratorium
KUALA LUMPUR (Sept 14): The Ministry of Finance (MoF) has instructed banking institutions to work on the exemption from interest payments for recipients of the bank loan moratorium immediately.
BNM says banks will continue to offer targeted loan repayment assistance to borrowers when moratorium ends
KUALA LUMPUR (Aug 13): Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus said today banks in the country will continue to offer the Covid-19 pandemic-driven targeted loan-repayment assistance to borrowers when the loan-repayment moratorium expires by the end of 2021.
Banks have started taking applications for loan moratorium opt-ins
KUALA LUMPUR (July 7): Banks have started taking applications for the six-month loan moratorium today.
ABM, AIBIM to offer six-month moratorium from July 7 in line with PEMULIH package
KUALA LUMPUR (June 29) : The Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) said today that their member banks will be offering six-month moratorium from July 7, in line with the government's PEMULIH stimulus.
