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