Bank, Loan & Property
FAQ: 10% discount for PTPTN loan payment on time
In Budget 2013, in order to encourage the students to repay the Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) education loans in accordance with their...
Budget 2013: Higher Real Property Gains Tax (RPGT) Rates
The limited supply of real property especially in urban areas has provided opportunities for speculative activities.
Therefore, the Government proposes the real property gains tax...
Bank Negara Malaysia: New Guidelines for Loan Borrowers
1) Propsective loan borrower will be assessed based on net income basis (instead of gross income) after deducting statutory deductions for tax and EPF...
Tax Budget 2012: My First Home Scheme (MFH)
Budget 2012 has proposed to increase the maximum price ceiling for houses under My First Home (MFH) scheme to increase from RM220,000 to RM400,000.
This...
Statutory reserve level raised, OPR stays
Bank Negara Malaysia announced that the Statutory Reserve Requirement (SRR) Ratio will be increased from 3.0% to 4.0%, effective from 16 July 2011.
The...
Inflating property price for getting higher loan: illegal and banned!
Since the Bank Negara Malaysia imposes the ruling on the maximum loan-to-value (LTV) ratio of 70% cap with effect from 3 November 2010, it...
Base Lending Rate (BLR) increased to 6.6% from 6.3% on the rise of Overnight...
On 5 May 2011, Bank Negara Malaysia in its Monetary Policy Committee (MPC) meeting decided to raise the Overnight Policy Rate (OPR) by 25...
BNM ruling on 70% third housing loan cap limit
Further to Bank Negara Malaysia’s (BNM) announcement on the implementation of a maximum loan-to-value (LTV) ratio of 70%, which will be applicable to the...
Bank Negara Malaysia (BNM) imposes 70% loan-to-value (LTV) limit on third housing loan
With immediate effect from 3 November 2010, Bank Negara Malaysia (BNM) announced the implementation of a maximum loan-to-value (LTV) ratio of 70%, which will...
Housing loan interest tax deduction of RM10,000 per year for 3 years of assessment
Claim your housing loan interest as personal tax deduction/relief up to RM10,000 per year for 3 years of assessment (RM10,000 x 3 YAs =...
