Bank Negara to standardise housing documents for better understanding

PETALING JAYA: From Jan 1, all commercial banks will be required to adopt standardised documents for housing loans and home financing agreements involving a principal sum of RM500,000 and below.

Bank Negara said the move was to enhance borrowers' understanding of the key terms and conditions of the loan agreements, including comparing such agreements.

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Business , Bank Negara , housing , loan , standardised documents

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