Loan interest rates to remain at current levels, says Nga

KUALA LUMPUR: There are no plans to increase the interest rate for credit community loan facilities or for loans from licensed money lenders, the Dewan Rakyat was told.

Local Government Development Minister Nga Kor Ming.said the interest rates for such loans – 12% for mortgage loans while 18% for non-mortgage loans – were among the lowest offered in the region.