Rehda urges banks to loosen housing loan rules


Toh (left) with other Rehda Penang members taking a look at a scale model after the opening ceremony of the MAPEX and Home Ownership Campaign at Udini Square.

TO justify the strict rules on housing loan applications, banks should show their statistics of defaulters.

Real Estate and Housing Developers Association (Rehda) Penang immediate past president Datuk Jerry Chan said banks should be honest enough to show if there was really a high number of defaulters.

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