Bank claiming RM239m from Bintai Kinden over loan default
It was obtained in 2018 in accordance with a concession arrangement of 25 years, with Bintai Kinden as the corporate guarantor.
It was obtained in 2018 in accordance with a concession arrangement of 25 years, with Bintai Kinden as the corporate guarantor.
The collaboration will allow homebuyers to "leverage Alliance Bank’s sustainable mortgage financing packages for green-certified Sunway projects”.
"It offers a practical solution for EPF members who are facing temporary liquidity issues by providing cash flow through personal financing but with minimal impact on their retirement savings," the EPF said.
ABM said it first introduced in 2013 the standardised template for description of key terms and conditions in respect of housing loan or home financing agreements for individuals involving a principal sum of RM500,000 and below.
A quarter of household borrowers had DSRs exceeding 60%, and they accounted for 33.
According to AIBIM, financial institutions are required to stop imposing fees on housing loan and home financing documents to lawyers from Feb 1 this year as part of the standardisation exercise.
"This partnership will enhance awareness and knowledge of affordable housing, which is crucial at times like this.
Thursday's decision to maintain the OPR at 2.
This is the second consecutive time the central bank maintained its benchmark interest rate after four straight hikes last year by a cumulative 100 basis points to tame inflation and respond to tightening fiscal policy by the US Federal Reserve.
The current non-bank interest rates stand at 12% for mortgage loans and 18% for non-mortgage loans.