News about LOA

PETALING JAYA (June 28): The newly announced blanket loan moratorium is beneficial in helping to alleviate individuals’ financial burdens due to the prolonged lockdown, said Real Estate & Housing Developers’ Association Malaysia (REHDA) president Datuk Soam Heng Choon.

It has been a common practice for banks to impose fees for standardised loan agreement documents that are needed in the housing loan application process.

SINGAPORE (June 23): The island republic might just see a floating city as part of its skyline if things work out.

KUALA LUMPUR (June 14): Public Bank Bhd managing director and chief executive officer (CEO) Tan Sri Tay Ah Lek said today the group’s Covid-19-driven targeted loan repayment assistance programme had so far assisted over 160,000 customers who benefited from the bank’s pandemic relief amounting to about RM40 billion.

KUALA LUMPUR (June 10): A six-month automatic loan moratorium that is interest-free and without any condition should be extended to all borrowers, according to the SME Association of Malaysia.

For too long, loan borrowers have been at the losing end as many do not fully understand the terms and conditions (T&C) stated in housing loans or financing contracts.

KUALA LUMPUR (May 11): Loan moratorium may not be the best solution for all borrowers as they should engage with banks to seek the right advice to suit the borrowers’ circumstances and best interest, according to Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus (pictured).

PETALING JAYA (March 30): Although many developers perceived the first half of the year as unfavourable, their views have slightly changed for the better for the second half, according to Real Estate & Housing Developers' Association (Rehda) Malaysia.

KUALA LUMPUR (Feb 11): Blanket loan moratorium is not the remedy to the current economic problems.

KUALA LUMPUR (Jan 18): In an instant reaction to Prime Minister Tan Sri Muhyiddin Yassin’s RM15 billion economic stimulus package announcement today, Bank Negara Malaysia (BNM) said loan takers can request repayment moratorium and that their Central Credit Reference Information System report will not be affected at a time when the nation contends with the economic impact of the Covid-19 pandemic.