Chief executive officer Datuk Ahmad Zaini Othman said MBSB was not part of the 20 commercial banks under the scheme as it was not licensed to do so. "But that does not mean we cannot offer good prices to buyers.
"We can still be as competitive as those under the scheme. We sometimes provide 100 per cent financing anyway and we have several competitively priced packages now.
"It all depends on the loan applicants, how stable their income is and so on," he said.
Ahmad Zaini was speaking to reporters after launching their relocated branch in Lintas Jaya here yesterday.
"My First Home" was launched by the government with the collaboration of national mortgage company, Cagamas Bhd, and financial institutions to reduce the burden of the younger generation. It covers those earning les than RM3,000 a month. They can apply for 100 per cent financing from selected financial institutions for houses costing between RM100,000 and RM220,000 with a repayment period of 30 years.
Currently, 50 per cent of MBSB's business portfolio comes from mortgage loans and 30 per cent from personal financing loans.
By Business Times
Posts
No comments:
Post a Comment