Minister advises banks to consider an applicant's income from part-time jobs when considering whether to give the individual a housing loan.
The government should help all Malaysians who need a home, to buy a home. While not forcing them to buy immediately, perhaps the government could build homes and set these Malaysians on the path of renting to own instead.These days, when it comes to properties, there are many concerned ministries involved in helping B40 households own a property – a move that may not be so readily welcomed by the risk officers in banks.
This is to support the government’s inspiration to prioritise the B40 group in the area of house ownership. He mentioned that banks should also consider the income from their part-time jobs. He added, “But of course the applicants will have to show evidence of their side income for a reasonable period of six to 12 months to support their applications.”
The project offers 229 units of affordable houses, 70 units of which are single-storey terrace, 60 units of double-storey terrace, 76 units of semi-detached houses and 23 units of shop lots, expected to be fully completed by June 2020.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Banks in Malaysia maintain sufficient liquidity, reports Bank Negara | Malay MailKUALA LUMPUR, Feb 28 — Banks in Malaysia have maintained sufficient liquidity to support intermediation and meet exigent needs, Bank Negara Malaysia (BNM) said in its “Monthly Highlights-January 2019” report released today. BNM said the country’s banking system liquidity coverage ratio...
Read more »
Starbucks' China rival Luckin Coffee taps 3 banks for US IPOCredit Suisse is the only bank that has so far won the formal mandate for the IPO which will likely take place early in May or June.
Read more »
England bids farewell to World Cup-winning keeper Banks | Malay MailSTOKE-ON-TRENT, March 4 — Crowds of mourning fans joined luminaries of English football for a final farewell today to Gordon Banks, a steelworker’s son who became one of the world’s greatest goalkeepers and will be remembered for his miraculous save against Pele. Team mates from England’s...
Read more »
England bids farewell to World Cup-winning keeper BanksBanks won 73 national caps, played nearly 500 times for Leicester and Stoke and won two League Cups, before a car crash blinded him in one eye.
Read more »
Norway's wealth fund ditches 33 palm oil firms over deforestationIt says it is currently asking banks in Indonesia, Malaysia and Brazil to adopt no deforestation criteria for loans to the agricultural sector.
Read more »
Expert calls for cheaper housing loans to ease property glutPrevindran Singhe says Bank Negara should hold discussions with government-linked company banks to lower interest rates for housing loans.
Read more »