Bank, Loan & Property
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 decision to raise the SRR is undertaken as a measure...
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 who have just joined the workforce, earning RM5,000 per month...
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 repayment schedules, it is proposed a 10% discount per annum...
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 and all other debt obligations (eg. car loan, other housing...
Latest Housing Loan Interest Rates in Malaysia
Banks
Effective Interest Rate
(% per year)
New Base Rate
Flexi Loan?
Lock in period
4.39%
(BR + 4.39%)
0.00%
No
5 years
4.45%
(BR + 0.46%)
3.99%
Yes
5 years
4.45%
(BR + 0.55%)
3.90%
No
5 years
4.45%
(BR + 0.46%)
3.99%
Yes
5 years
4.55%
(BR + 0.53%)
4.02%
Yes
3 years
4.60%
(BR + 0.35%)
4.25%
No
None
4.65%
(BR + 0.95%)
3.70%
Yes
6 years
4.65%
(BR + 1.45%)
3.20%
Yes
3 years
4.65%
(BR +...
How to open company bank account in Malaysia
In order to open the company bank account in Malaysia, you must first check with the bank yourself for more details & specific requirements.
Do not expect your company secretary to KNOW EVERYTHING because:
Different banks 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 = RM30,000 in total), if you buy a house before 31...
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 (RPGT) from the disposal of properties made within a period...
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 is expected there are many house purchasers affected by this...
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 given to the outstanding amount of education loan borrowed from...