‘6% interest rate is fair’


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.

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

MAS reroutes flights to avoid Iranian airspace amid Middle East tension
It's a prayer mat, not a door mat, say hypermarket chain and supplier
MCMC seizes phone, SIM card linked to spread of viral 'civil servant' clip
Sandakan cops on the hunt for man caught snatching handbag from car in viral video
Level 2 heatwave warning issued for Kedah's Pokok Sena, says MetMalaysia
Liew urges DBKK to slap maximum RM500 fine on litterbugs
Johor authorities seize 11 door mats with images said to be of Kaabah
Raya rush: Traffic still slow on several major highways
Stranded in South Korea: Family seeking help to pay for sick brother's hospital bill, bring him home
Cops to record statements of three over suitcase containing RM500,000

Others Also Read