KUALA LUMPUR: First-time house buyers are expected to enjoy 23 per cent less in monthly commitment compared to current financing schemes offered in the market with the official launch of Bank Negara Malaysia’s (BNM) Fund for Affordable Homes initiative today.
Governor Datuk Nor Shamsiah Mohd Yunus said with a maximum 3.5 per cent financing rate per annum for houses priced up to RM150,000, the initiative had attract more than 1,037 individuals who signed up for its financial education requirement under the Credit Counselling and Debt Management Agency (AKPK).
“Out of the total, 265 individuals voluntarily did not proceed with their plans to apply for housing loans after realising they don’t have the sufficient (financial) capacity at present,” she said at the launch of BNM Fund for Affodable Homes and Rumahku Portal here.
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