‘6% interest rate is fair’

  • Nation
  • Tuesday, 20 Sep 2016

PUTRAJAYA: A maximum loan in­terest of 6% is considered fair rate for developers to charge house buyers.

“We are still getting feedback to look on what is the acceptable rate. But roughly, based on early feedback, I think developers should impose up to 6% interest rate only,” said Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar.

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