Banks to Reduce Monthly Loan Repayment Instalments

KUALA LUMPUR:
1st March 2009, Sun 10:50:31 pm

All commercial banks will take immediate steps to reduce the monthly loan repayment instalments for facilities with interest rates pegged to the base lending rate (BLR).

This is to help borrowers in the current challenging environment, the Association of Banks in Malaysia (ABM) said in a statement yesterday. More..



Source: New Sabah Times