KUALA LUMPUR: Kuala Lumpur-based community credit companies, namely JCL Credit Leasing Sdn Bhd, Seamoney Capital Malaysia Sdn Bhd and Melati Panorama Sdn Bhd, three existing moneylender licensees, will be given additional approval to conduct online money lending transactions, says the Housing and Local Government Ministry.
"The approval was given to ensure that borrowers, as well as the credit community company, are protected through a transparent online lending facility that complies with the set provisions," the ministry said in a statement Friday (May 13).
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