Local banks in Malaysia are racist. Is it true or false?

Few months ago, I still remembered I met a property consultant and were talking about house projects to buy.

While talking about income, DSR, and others related things, he said to me that within each bank there's a thing called, "Profiling".

What he meant by Profiling is that each applicant is been categorized with score to pass the house loan.

Example of Profiling:
Age: Teenager? Adult? Senior citizen?
Working: MNC? Normal Sdn Bhd? Enterprise?
Salary: Above 3k? Above 5k? Above 8k?
And bla bla bla etc etc...

The most important: Race/Bangsa: Melayu? Tamil? Cina? Lain-lain? Etc.

I meant very strictly here I don't mean any racist post and I do not want to see anyone simply commenting racially.

So,
1) The property agent told that if bangsa Cina then it's very much likely to approve the loan because the data in BNM shows people from Cina race are good paymaster and don't delay their commitment.

2) And, bank will consider more points when it comes to Tamil race. Abit tighter application than Bangsa Cina.

3) Melayu race is one of the most strict to go through screening and taking many things into consideration because the data shows people from Melayu race are default in loan payment or don't service the loan in time.

4) So, when it's comes to lain-lain race then the bank will only look into after looking into the main 3 races. As I'm Punjabi, so I will fall myself into Lain-Lain/other race which is in bracket (Punjabi).

Please guts, no racist or racial attack comment. MOD please pay attention on this thread.

My question how true is it the local bank practice such Profiling??? Or anyone go through such experience with bank?

Quite true actually.

Some time back, Standard Chartered credit card promoters preferred Chinese than other races for card application. Reason also same.

Upon hearing this, I left.

Collect race means racist?

But you are darn ok of bank to know your age, salary etc for profiling? Isn't that kind of bias also (just because we don't have a noun for it like 'racist')

It is no longer racist when it is proven and factual, as simple as that

Ts didn't login since nov 2020.

For me its kinda racist, yeah. Humans being humans and this lowkey racism need to be stopped or otherwise its going to be the norm in Malaysia. By reading those comments here i can really see the seed had begin to grow.

Judging people by their racist is toxic. As if their income, age and job security etc dont give enough data to see?

cimb
cina india melayu bangla

Collect race means racist?

But you are darn ok of bank to know your age, salary etc for profiling? Isn't that kind of bias also (just because we don't have a noun for it like 'racist')

It is no longer racist when it is proven and factual, as simple as that