REFERRING to the article “Banks are losing their premium” (StarBizWeek, March 17), The Association of Banks in Malaysia (ABM) would like to clarify that there are several key processes involved, such as completion of security documentation and compliance of terms and conditions, from the time a loan is approved to the disbursement of the loan sum to the borrower.
The duration required to complete these processes would depend on the type of loan and its security structure. In the case of a clean and unsecured loan, the processes are very straightforward and would usually not require a long turnaround time from approval to disbursement.
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