Sarawak Disagree With The Move To Allow Loans By Housing Developer

KUCHING, (Bernama) — Sarawak would not adopt the move by the Ministry of Urban Wellbeing, Housing and Local Government to allow private housing developers to give loans to homebuyers. Deputy Chief Minister Datuk Amar Abang Johari Tun Abang Haji Openg said this is because such a move could pose financial risks to the developers as … Read more

Banking Institutions To Continue Giving Home Loans For Eligible Customers

KUALA LUMPUR, (Bernama) — Banking institutions will continue to provide home financing facilities to eligible customers, said the Association of Banks in Malaysia (ABM) and the Association of Islamic Banking Institutions Malaysia (AIBIM). In a joint statement today, the two associations said there are various types of home financing offered by commercial banks and Islamic … Read more

Mah Sing Seeks Easier Loan Approval For First-time Home Buyers

KUALA LUMPUR, Sept 19 (Bernama) — Mah Sing Group Bhd is urging the government to consider several initiatives including relaxing loan approvals in Budget 2017 for first-time home buyers. Mah Sing Group Managing Director Tan Sri Leong Hoy Kum urged the banks to consider relaxing loan approvals and provide up to 95 per cent financing … Read more

The Government Allow Developers To Be Moneylenders

KUALA LUMPUR: Eligible developers can now apply for moneylenders licences to provide loan facilities of up to 100% to property buyers. The licence will be issued by the Urban Well-being, Housing and Local Government Ministry under the Moneylenders Act 1951 (Amendment) 2011. Its minister Tan Sri Noh Omar said they are allowing developers to provide … Read more

What Are The Property Loans That Applicable In Malaysia

Whether you are homeowner or property investor, you should know more about this topic than we do. While, for the newbies on property purchase (first-time housebuyer), this article will be very helpful as you can understand what type of property loans that exist in Malaysia and you can defined which type of property loan that is suitable … Read more

What Is Top-Up Loan? What It’s The Pros and Cons?

In previous article, we have talk about what is refinance, how its work as well as its process. Let us summary all about this. Refinancing is the act of taking on a new mortgage loan with different terms. The reasons for homeowners and property investors to consider to refinancing their loan are to lower the interest rate, shorten the … Read more