BNM: One template for housing loans of RM500,000 and below from Jan 1

KUALA LUMPUR: All commercial banks must have a standardised documentation for conventional housing loan and home financing agreements involving a principal sum of RM500,000 and below.

Bank Negara Malaysia (BNM) said on Friday this would take effect from Jan 1, 2013.

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Bank Negara Malaysia , commercial banks , standardised documentation , conventional housing loan , home financing agreements , principal sum of RM500 , 000 and below. , Business

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