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BSN To Introduce New Housing Loan Package In January

KUALA LUMPUR, Sept 10 (Bernama) -- Bank Simpanan Nasional (BSN) will be introducing a new housing loan package suited for the lower-income group in January next year.

In a statement today, BSN said the package, currently being put together, will cover both Islamic and conventional housing loan facilities.

It will be in line with BSN's vision to become a bank for all Malaysian communities and provide financing help for communities requiring such help.

In the 2008 Budget announced here last week, the government allocated a fund of RM50 million as bank guarantee for providing housing loans to those without any fixed income.

BSN now provides the Giro Conventional Home loan and the Islamic Al-Bai' Bithaman Ajil (BBA) Home loan facilities.

The bank, established in December 1974, currently has more than seven million clients with savings amounting to almost RM8 billion.

-- BERNAMA


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CLOSING, FRIDAY, APRIL 18
US 3.2390/2420
S'pore 2.5862/5907
100 Yen 3.1622/1657
Sterling 5.4350/4414
Euro 4.4753/4804
Source: Bank Negara Malaysia

To enable customers to understand their products better, do you agree that Islamic banks in Malaysia do away with their Arabic terminologies and use the English and Bahasa Melayu equivalents instead?
 

 
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