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Loan sharks’ new trick to hook borrowers
LOAN sharks are now trying a new tactic to attract potential borrowers by imitating the logo of an established local bank in their advertisements.
Loan sharks lending money without informing ‘borrowers’
Loan sharks are resorting to depositing money into the bank accounts of borrowers who have settled their loans in order to generate more business.
BPM borrowers start repayment
MICRO-CREDIT scheme borrowers who took their loans through Bank Pertanian Malaysia have begun making repayments although the scheme is just three weeks old.
Small borrowers loans up
LOANS of RM500,000 and below extended by the banking system to small borrowers registered notable increase, accounting for 53% of total loans outstanding as at end of December last year compared with 48% a year earlier, Bank Negara said.
Southeast Asian borrowers wince as deflation looms
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.
It’s unfair and makes no sense, say borrowers
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.
Borrowers to breathe easy after Bank Negara’s OPR cut
PETALING JAYA: Bank Negara’s decision to cut the overnight policy rate (OPR) will benefit borrowers, especially those who have multiple loans.
Nazir: Malaysian banking system conducive to borrowers
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.
Cautious loan sharks vetting potential borrowers
LOAN sharks are now more careful in dishing out loans and have begun to vet potential borrowers.
20% discount entices 2,962 PTPTN borrowers to repay loans in full
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.
