Don’t be quick to reject home loan applications, Guan Eng warns banks | The Malaysian Insight

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Don’t be quick to reject home loan applications, Guan Eng warns banks

Finance Minister Lim Guan Eng says prospective house buyers can lodge complaints against local banks that impose unnecessary restrictions on loans. – The Malaysian Insight pic by Irwan Majid, April 26, 2019

BANKS have been warned against imposing strict guidelines to deter prospective home buyers from obtaining loans. Finance Minister Lim Guan Eng today said his ministry will take action against these banks if they are found to be imposing unnecessary restrictions. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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