It said the LPPSA’s housing loan facility are subsidised at an interest rate of 4% - lower that the rates offered by local banking institutions.
KUALA LUMPUR: The Public Sector Home Financing Board (LPPSA) will not be providing any moratorium on monthly loan repayments as the public sector employees’ welfare are taken care of.
In a statement, it said the decision was also made to ensure its financial sustainability.
It said the LPPSA’s housing loan facility are subsidised at an interest rate of 4% - lower that the rates offered by local banking institutions.
“The deferment in monthly loan repayments will affect LPPSA’s cash flow and involves an additional loan totalling more than RM2bil.
"The LPPSA has the responsibility to ensure its financial sustainability in order to provide housing financing facilities to public sector employees, ” it said.— Bernama
Limited time offer:
Just RM5 per month.
