Loan interest rates to remain at current levels, says Nga

By RAHIMY RAHIM, TARRENCE TAN and MARTIN CARVALHO

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.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Interest Rate , Loans , Money Lenders , Increase , Local Government Development Minister , Nga Kor Ming , Consumer Credit Act , Protection , Consumers

Next In Nation
Over 620,000 job placements under MYFutureJobs since 2023, says Ramanan
Danger-level continuous rain warning in Kelantan and T'ganu until Dec 29
51-year-old man charged with murder of Suri Narudin
Senior citizen and son die in blaze at Sentul PPR
Teacher duped out of RM140,000 by bogus Scam Response Centre officer
21 houses in Simpang Pulai hit by flash floods
Addictive social media algorithms threaten child safety and development, says Fahmi
Najib's supporters gather at Palace of Justice from 6.45am in hope of a favourable verdict
Fire claims life of disabled man in Julau
High Court to announce verdict in Najib Razak's 1MDB trial (Live blog)

Trending in News

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.