Loan sharks feel the bite


  • Nation
  • Thursday, 22 Mar 2007

KUALA LUMPUR: The micro-financing scheme launched by Bank Negara two months ago to help small enterprises and individuals may spell the death of the Ah Long, or loan sharks. 

The scheme, now being offered by three banks – Public, CIMB and RHB – will allow loans of between RM500 and RM50,000 and the borrowers will only need to show minimal or no collateral to obtain the money.  

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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!
   

Next In Nation

Education institutions founded by MCA to collaborate with more Chinese universities
Man arrested, yaba pills worth over RM12,000 seized
Skywatchers out in force
Photo gallery: KKB by-election Nomination Day
KKB by-election: Live updates
AI content must not cross the line
The teacher who went the extra mile
Mum disowns son over loan shark debts
Ahmad Zahid and Muhyiddin agree to end dispute involving defamation suit
Curbing hate speech needs ‘education with a soul’

Others Also Read