Thanks for the info! 300k max... 4.77%... better than OD, can apply to open shop start business in this case

This thread really very informative, lol

Learn a lot of stuff other than stocks

This post has been edited by vccy118: Jul 5 2013, 09:46 PM

I thought MBSB not govern by BNM? It is belongs to EPF?

Not so easy to get approved. A lot of their products are for government servants only.

If mbsb default and a lot of npl, then epf money will go kong ???

EPF hold 65.5% MBSB share..........but this time BNM specially state the name of MBSB in the statement. No give face

http://www.bnm.gov.my/index.php?ch=en_pres...ac=2841&lang=en

No harm trying... last few years I tried to get SME bank for small business, apply 50k only oso can't get... That time 4.5% per annum for max 10 years.

Compared to SME bank, MBSB one seems like a sweet deal.

No curb on DIBS, that's why property stocks fly today. It is BBB mode again!

easy approve or not I dun know, but high possible existing MBSB's customer are those lower group with high loan amount
low income high loan amount, so can summarize as long pay back period

"About 80% of the personal financing by NBFIs are granted to salaried households in the Government service based on automatic salary deduction scheme administered by the Biro Perkhidmatan Angkasa (BPA). By income categories, the majority of the borrowers of NBFIs earn a monthly income of less than RM3,000.

。。。


In 2012, the average financing amount for personal financing facilities extended by NBFIs (at RM68,000) was higher by 26% from the preceding year, and 30.2% higher than the average personal financing facility provided by banks. The proportion of new personal financing facilities by NBFIs which were for amounts that exceeded RM100,000 also increased significantly to 26% of total new facilities approved (2011: 15%)."

NBFI=Non bank financial instituition

This post has been edited by StupidGuyPlayComp: Jul 5 2013, 09:57 PM

As long as the borrowers can keep their government servants' job, their loan should be ok gua. Take a look at a similar counter of MBSB, RCE is not doing good. Price has dropped from my last bought price level of RM0.5x to now RM0.2x.

Personally I think it is a good move, even if MBSB is not under the purview of the central bank. They plan to get a banking license within this or next year so sooner or later also have to be under purview of central bank.
Now they need to raise capital through rights issue and dividend reinvestment plan.

Once they have their banking license then we'll talk about possibility in merger between MBSB and RHB banks.

Then potentially need to goreng up a bit first, so that can raise more cash

next week see my dream come true or not....

this one need to hold how many centuries...??

dont learn too much of uncle boon style la...

too ahpek d....

i think gadang has better dream...

girls erect get two antenna.

Bank Negara Malaysia announced on Friday a set of measures aimed at curbing excessive household debts and to reinforce responsible lending practices by key credit providers.

The measures, which take effect immediately, complements the earlier measures introduced since 2010, and include:

a) maximum tenure of 10 years for financing extended for personal use;

b) a maximum tenure of 35 years for financing granted for the purchase of residential and non-residential properties; and

c) a prohibition on offering pre-approved personal financing products.

The financing tenure will only apply to loan applications submitted after Friday (July 5, 2013).
Bank Negara said the move was because household debts had continued to increase at a strong pace, averaging at an annual rate of 12% over the recent five years.

“While this has been supported by positive income and employment conditions, in the more recent period, there has been a growing trend in offering financial products that are not in the long-term interest of consumers. This includes extended financing tenures of up to 45 years for house financing and 25 years for personal financing,” it noted.

While this may reduce the monthly repayments, the practice increases the overall debt burden of households in the long run, it said.

These measures are issued pursuant to section 31(1)(a) of the Central Bank of Malaysia Act 2009 and apply to all financial institutions regulated by Bank Negara Malaysia, credit cooperatives regulated by the Suruhanjaya Koperasi Malaysia, Malaysia Building Society Bhd and AEON Credit Service (M) Bhd.

It said the key credit providers must observe prudent debt service ratios in their credit assessment to ensure households are protected from rising costs and unexpected adverse events. However, households who have the financial capacity to take on borrowings will continue to enjoy access to financing.

MBSB can 25 years because they are not banks.

Banks only can 10 years for personal loan.

Meaning MBSB is standing in a very good position and winning all others conventional banks.

Good business for MBSB then. Maybe Monday can see MBSB skyrocket further.

nope. when i got to see the screen during lunch time it salready 0.845 i thought it went high enough for the day
can reach 1.00 on monday still meh...please enlighten me...sigh

You only have to believe it will..