All affected: People visiting a property fair in Penang. The Association of Banks Malaysia says the rejection of housing loan applications cut across all income ranges but trended higher among the lower to middle-income group.
KUALA LUMPUR: High debt service ratio (DSR), adverse credit history, insufficient income, repayment capacity and weak documentation or banking records are the main factors why applications are unable to obtain housing loans.
The Association of Banks Malaysia (ABM) said the rejection of housing loan applications cut across all income ranges but trended higher among the lower to middle-income group.
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