KUALA LUMPUR: Personal loans are the main cause of bankruptcy cases in this country, with 49.22 per cent compared with other types of financial loans, said Datuk Seri Azalina Othman Said.
The Minister in the Prime Minister’s Department (Law and Institutional Reform) said personal loans include secured or unsecured loans from banking institutions, personal loans from money lenders other than banking institutions and friendly loans from individuals.
