KUALA LUMPUR: Syarikat Jaminan Kredit Perumahan Bhd (SJKP) guarantees home loans covering more than 100 per cent of the house purchase price for qualified first-time buyers, giving banks greater confidence to approve applications that might otherwise be declined.
In a statement today, the company said that despite having stable incomes and good credit records, many workers still face difficulties in securing home loans because banks cannot verify their earnings through formal payslips.
