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Analysts expect overall loans growththis year to be around 10% to 11% andforesee corporate loans growth thisyear to exceed or at least equal thatof consumer loans, driven by theGovernment's various initiatives.
SINGAPORE: Grab, Southeast Asia's biggest ridehailing firm, deepened its finance sector push on Tuesday by announcing that it will offer consumer loans services in Singapore and roll-out wealth management products in the fast-growing but crowded sector.
KUALA LUMPUR:b/b>There may be a new round of price war among banks for consumer loans, with the new mortgage rate going down to as low as base lending rate (BLR) -2.3%. The current BLR rate is 6.3%. Some analysts said this comes as a surprise to the market after a mutual understanding was reached earlier to set a minimum rate of BLR-1.9%.
PETALING JAYA: Banks will focus on targeted assistance upon the expiry of the loan moratorium in September, whereby the moratorium will only be offered to borrowers needing financial assistance, according to CGS-CIMB Equities Research.