Bank Negara: No reason to ease lending conditions


  • Business
  • Wednesday, 20 Apr 2016

Dream home: Visitors at a property fair getting more information on a housing project. According to an income/affordability computation, a borrower with a mean monthly income of about RM6,000 can only afford a house of about RM350,000 and those earning about RM2,500, a RM50,000 house.

PETALING JAYA: With the overall rate of housing loan rejections being reduced from about 30% in 2014 to about 20% in 2015, there is no reason to ease lending conditions, according to Bank Negara sources.

The source said housing loans are, in fact, “robust and growing at double digits”.

Subscribe to The Star Yearly Premium Plan for 30% off

Cancel anytime. Ad-free. Full access to Web and App.

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.39/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , property , banking , loans , bank negara , rejection , rate , lower , lending , easing , homes , houses ,

Next In Business News

Master Tec signs MoU with Senari Synergy to expand into Sarawak
DXN focuses on ready-to-eat and -cook products, eyes further global spread
Luster reports industrial accident at glove unit
Matrade records RM120mil in trade prospects from Korea Import Fair debut
Luxchem acquires five pieces of land in Klang for RM46mil
SP Setia’s Setia Federal Hill secures Malaysia’s first LEED ND Platinum certification
FBM KLCI slips to intraday low; NationGate falls on MACC raid
Semico Capital plans IPO on ACE Market
Oil falls as Trump's 50-day deadline for Russia eases supply fears
China's economy slows as consumers tighten belts, US tariff risks mount

Others Also Read