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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.



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Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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