Central Credit Reference Information System (CCRIS)

If you are a borrower, and if you have default in any loan repayments, CCRIS will have the records and you can be blacklisted if you do not handle your repayment properly.

Bank Negara sets up Central Credit Reference Information System (CCRIS) to supervise financial institutions in order to ensure that the financial system of the country would be sound and stable.

As such, the Bank promotes prudent credit policies and professionalism among the financial institutions, including the adoption of best business practices in credit risk management. One way of doing this is by providing CCRIS to the financial institutions so that they can make faster and better informed lending decisions.

The information reported to the Credit Bureau is housed in a computerised database system known as the Central Credit Reference Information System (CCRIS). At present, the database system contains credit information of all borrowers in Malaysia.

CCRIS automatically processes the credit data received from the financial institutions and synthesises the information into credit reports, which can be made available to the financial institutions upon request.

CCRIS is a system that collects credit information on borrowers from financial institutions and supplies the information back to them. This is one of the sources of information used by financial institutions to help them establish a view of the credit histories of potential or current borrowers. However, it is not a blacklist system as perceived by some people.

The Credit Bureau is established by Bank Negara Malaysia under the Central Bank of Malaysia Act 2009 to administer CCRIS. Everything handled by CCRIS is regulated and monitored closely by Bank Negara.

We as borrowers can request for credit information for the purpose of verifying the accuracy of information reported in the credit report. However, if a person unlawfully accesses a credit report, the person can be subject to severe penalties under the Central Bank of Malaysia Act 2009.

When you apply for a loan, CCRIS provides valuable details to the bank such as:

  • Existing personal credit facilities of a customer, such as type of facility, and ownership of the credit facilities;
  • Total financial commitment, which includes the balance outstanding and the total limit for each of the credit facilities;
  • Conduct of each credit facility for the past 12 months, including legal status;
  • Other relevant information such as Date of Information Update, Frequency of Payment and Type of Collateral.

Please note that CCRIS is used by the bank as a measurement tool for loan decision making as the existing track records indicates the risks a bank may face in the future if they approve the new application. However it is not the only tool used by banks to evaluate credit worthiness, as there are many other risk-mitigation criteria the banks can adopt, such as:

  • Reduced Margin of Financing
  • Higher Financing Rates
  • Good Potential for Higher Capital Appreciation for the Property
  • Strong Debt Servicing Ratio (Repayment Capability)
  • Additional Collaterals / Guarantee / Joint Applicant
  • Good Conduct of existing Credit Facilities with own bank (e.g. Credit Cards, other loans)

Credit Information Held by the Credit Bureau

The Credit Bureau of Bank Negara Malaysia collects only credit information on individuals, businesses (sole proprietors and partnerships), companies, and Government entities borrowers. The credit information collected by the Credit Bureau is sourced by the participating financial institutions in Malaysia.

These financial institutions include all licensed Commercial banks, Islamic banks, Investment banks and several other financial institutions. In addition, reference information on the particulars of borrowers is sourced from the National Registration Department (Jabatan Pendaftaran Negara) and the Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia) for purposes of verification against the particulars provided by the financial institutions. The data is updated by the data providers on a regular basis.




Berjaya Sompo Travel Insurance

During traveling, it is difficult to predict how things will go and if you end up spending a lot more than you’d like due to unforseen mishaps. Fortunately, whether in any case the plane is delayed or cancelled, if you slip on that giant snowball in London or injured yourself while mountain biking in Thailand, the Berjaya Sompo Insurance Berhad offers a travel insurance care that help with such matters. The policy provides coverage for those traveling abroad (including West to East Malaysia) and vice versa in case of any bodily injuries, disability or death from the result of violent, accidental, external or detectable incidents during the trip. Expenses from tragedies on the travel can be reimbursed through the policy. Any Malaysians, Permanent Residents, and legally employed individuals with permits in Malaysia or their spouses and children qualify for this policy.


The policy is in force starting from the date stated in the schedule. It is not possible to extend cover after departure to destination or during the trip. The total premium you need to pay depends on the geographical area, sum insured, benefit option, duration of trip and underwriting requirements of the company. There will be a 6% service tax charge and RM10.00 stamp duty for each policy. There are individual and family plans that includes you, your spouse and children.

You have a choice of selecting either the elite, basic or family plan when traveling with your family. The basic plan covers only medical related benefits while the elite includes medical plus travel inconveniences or damages such as loss baggage, travel and luggage delay, missed departure, travel curtailment and more. Claims must be made within 30 days of the day of injury or event. It is mandatory to write to the company fully stating all particular regarding the accident, loss or damage that incures claimable expenses with all original bills and receipts.


OCBC Home loan


OCBC is probably one of the only banks out there that offers various funding plans to help the people live a good life without actually spending their lives savings. In Malaysia, OCBC Home Loans are said to be the best compared to those of other banks. They offer semi-flexible funding packages with profitable rates and lowest lock in period. For all those of you who are looking to buy your first home, OCBC Bank will be a good choice.

Do you qualify for an OCBC home loan?

To apply and qualify for an OCBC Bank loan, you will at least have to be 18 years of age. This is considered a plus point as some banks have a minimum age limit of 21 years old. You also cannot be more than 70 years of age if you are looking to apply for an OCBC loan. You have to make sure that you are also employed and that you have the minimum take home salary of RM24000.

Just how much can you really borrow?

OCBC Bank gives you a maximum instalment limit of up to 50% of your income to service the loan. The loan is provided could also reach up to a 90 and a 5% Mortgage Reducing Term Assurance (MRTA) of the property. Try not to have too many existing loans as this will also reduce your chance of getting a loan.

How do I improve my chances on getting a loan for that dream house I have always wanted?

It is always a bonus if you are married because you will be able to make your spouse a co-applicant and her income will be added to your eligibility when applying for the loan. Instead of taking a 30 year tenure loan, try going with a longer tenure loan which is up to 35 years as this will lower your monthly payments to the bank, giving you a higher chance of qualifying based on your repayment ability. If you aren’t married, you then have the option of adding your parents as co-applicants and the same privileges apply.

4 types of loans available

OCBC Standard Housing Loan: This is a basic housing loan which offers a margin of finance of up to 90% for financing up to RM500,000. Customers can also pay more to service the loan if they have access cash in their hands.

OCBC Special Housing Loan: You will be offered financing of up to RM 120,000 and RM 100,000 to buy home in East Malaysia and Peninsular Malaysia, respectively. The loan tenure available is up to 35 years or when the applicant reaches the age of 65; whichever is earlier. This plan is only applicable for all those with who only have one house.

OCBC My First Home Scheme:  Every Malaysian who has been dreaming about buying their first home can now apply for this scheme which provides a financing of up to RM 400,000 and the terms of the finance margin available is up to 100%. The loan tenure is up to 35 years or when you reach age 65, depending on whichever comes first.

OCBC Overseas Property Financing: You are now free to invest in properties overseas such as in the UK and also Australia by being a part of the OCBC programme. Now buying a property in Australia and UK for investment and business purposes have become easy with this OCBC program. Properties which are completed and under construction are eligible to be funded under Overseas Property Financing.

Being a fellow Malaysian, you would know that OCBC has done as much as they could to help all of us out by offering different loan packages to suit our needs. The 4 loan plans mentioned earlier come with a very attractive and competitive interest rate. You decide now, which one suits you best.