Bank, Loan & Property
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...
My First Home Scheme – Skim Rumah Pertamaku
Skim Rumah Pertamaku (SRP) - My First Home Scheme was first announced in the 2011 Budget by the Malaysian Government to assist young adults...
FAQ: 20% discount on PTPTN loan settlement
In Budget 2013, in order to encourage the students to early repay the PTPTN loan, Prime Minister announced a discount of 20% will be...
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...
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...
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...
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...
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...
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...
