The Association of Banks in Malaysia (ABM) has denied that it is harder to get housing loans approved for consumers.
The association said it was not true that housing loans approval rates are down or that banks are taking longer to decide on approvals, as alluded in reports quoting the Real Estate and Housing Developers’ Association Malaysia (Rehda).
“The overall housing loan approval rates remain high at 73% of the applications in the second quarter of 2017. Further, 72% of the housing loan borrowers are first-time house owners under the affordable home category,” ABM said in a statement yesterday.
MediaTitle: The Malaysian Reserve
Date: 10 Oct 2017