Recently there has been a proposal that all PTPTN (Perbandanan Tabung Pendidikan Tinggi Nasional) loan defaulters to be blacklisted in CCRIS. This move came as no surprise as there are more than 400,000 defaulters who had failed to repay more than RM 2.8 billion of loans. CCRIS is actually a centralized database consists of loans, […]
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Bank Negara New Limit Loans
Recently Bank Negara Malaysia announced that the maximum limit of repayment for property would be at 35 years and personal loan would be capped at 10 years. This move is related to recent numbers of house hold debts in Malaysia which has reached a horrifying figure. The latest move has made a significance impact in […]
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Bank Negara reduces OPR by 25BP
Bank Negara Malaysia has effectively reduced the OPR (Overnight Policy Rate ) by 25 basis points. This is around 0.25%. This would meant that Bank Negara in Malaysia would have to follow the OPR guidelines and to reduce their BR (Base Rate) by 0.25%. Literally all interest rates would have to be reduced with the […]
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