Banks do not need to profit from sale of forms


THE National House Buyers Association (HBA) concurs with the Bar Council of Malaysia’s press statement titled: “Bar Council urges banks to review processing fees on bank loan documents” (The Star, Sept 27; online at bit.ly/star_fees).

Most house buyers will require financing to buy a home. While there appears to be stiff competition among banks for market share and interest rates may be kept low, house buyers are ultimately at the mercy of banks when it comes to the detailed terms and conditions of the housing loan.

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