PETALING JAYA: Commercial banks in Malaysia should also review their charges and fees for processing bank loan documents in line with its move to drop the charges for certain cash and cheque transactions, says the Bar Council.
While lauding the move to abolish fees for over-the-counter cash and cheque transactions for credit card and financing repayment, its Conveyancing Practice Committee chairman Datuk Roger Tan said it was also timely to review the practice of charging a fee for loan documents, which borrowers sign when taking, for example a housing loan.