Banks to continue providing housing loans to qualified applicants


In a statement yesterday, ABM said, the banks must engage with borrowers early for alternative repayment arrangements.

KUALA LUMPUR: The Association of Banks in Malaysia (ABM) has given its assurance that its member banks, comprising commercial banks operating in Malaysia, have and will continue to provide home loans to all eligible borrowers.

“Commercial banks are in the business of lending and will continue to provide financing to qualified applicants,” it said in a statement today, in response to a recent media report on purported loan restrictions.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , ABM , banks , loans , home , borrowers ,

   

Next In Business News

Awantec to strengthen its synergistic offerings to drive growth
Bursa Malaysia hits more than RM2 trillion in market capitalisation
Sapura Energy gets US$1.8bil worth of PLSV-related contracts
OCK enters tower leasing agreement, marks debut into Laos
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme
FBM KLCI soars above 1,600, highest in over two years
Bursa Reach to bridge investor-remisier gap
BP profits drop to US$2.7bil, refinery outage offsets higher output
UOB Malaysia launches Masterclass to help businesses for EU's Carbon Border Policy
Oil climbs after Israel strikes Gaza, truce talks continue

Others Also Read