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Loan sharks are resorting to depositing money into the bank accounts of borrowers who have settled their loans in order to generate more business.
JAKARTA: Loans to businesses and households in Southeast Asia are growing at their slowest pace in five years, but the region's most indebted economies aren't becoming any less leveraged. Because of deflation, borrowers are at risk of shouldering heavier debt burdens.
PETALING JAYA: Disappointed National Higher Education Fund Corporation borrowers have flooded the Fund’s Facebook page demanding a review of its newly announced repayment scheme.
PETALING JAYA: Bank Negara’s decision to cut the overnight policy rate (OPR) will benefit borrowers, especially those who have multiple loans.
KUALA LUMPUR: The Malaysian banking system is facilitative to borrowers and in fact, one of the most supportive in the world, according to CIMB Group chief executive Datuk Seri Nazir Razak.
KUALA LUMPUR: A total of 2,962 National Higher Education Fund (PTPTN) borrowers paid back their loans in full following the 20% discount offered in Budget 2013 to those who do so from Oct 1 to Oct 30 this year.