News about loan

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.

In early December 2020, it was reported on online media that the house of a cash purchaser in Lunas, Kedah was auctioned off by the financing bank because the progress payments she made to the developer allegedly never reached the bank.

KUALA LUMPUR (Nov 23): Maybank has extended the application period for loan/financing repayment assistance until June 30, 2021 to provide financial relief to individual and small and medium enterprise (SME) customers.

Want to buy a home but hesitating because you are not sure about your loan eligibility? Find it too much of a hassle to visit different banks to check if you qualify for a loan? We hear you.

KUALA LUMPUR (Nov 13): Reimposing a blanket loan payment moratorium in the country is not in the best interest of the economy, says Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus (pictured).