Bank Negara Malaysia has issued new loan rules effective 1st Jan, 2012, and these rules will affect mortgage loans, automotive loans, share financing (excluding securities margin financing) and personal loans (including overdraft facilities).
According to BNM, these new policies are to protect loan applicants and not to restrict growth. These policies were announced following those for credit cards announced earlier ion the year, which will also come into effect on 1st Jan, 2012.
To read more about these policies, check the website of Bank Negara Malaysia.
According to BNM, these new policies are to protect loan applicants and not to restrict growth. These policies were announced following those for credit cards announced earlier ion the year, which will also come into effect on 1st Jan, 2012.
To read more about these policies, check the website of Bank Negara Malaysia.
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