I'm 'Other', Banks usually pening, so they just approve my applications.

on the other hand, affirmative action will help some people to borrow less loan, and therefore lower the risk due to the loan amount smaller. so overall it probably will just cancel out each other compared to other race which need to borrow more for the same type of house.

This post has been edited by tictac88: Aug 16 2019, 11:29 PM

Bumi - banks prefer their own kind

Mana ada. I Indian also my ctos ok jer, Citibank/HLB always offer me personal loan jer

I'd imagine race would be behind other factors like:
Age
Salary
Job stability
Qualifications
Leverage
Payment history

No point looking at something general like race, when you have so much specific data.

All things being equal, I'm not too sure how much weight would be given to race.

Once I had to go to bank during lunch hour, number queue at CIMB.
I notice that a Chinese customer got poor service.
When next customer, a Malay, suddenly teller give good service.

When I shared this story in coffee shop, a journalist shared too.
That during bank annual meeting, half of meeting are all complaints to BOD.

If open post ask, surely majority will say not racists because that's locals do not see themselves that way.
Plus the majority of 70% gets decent to good service from majority staff.

In reality....

+1 One must ensure good credit payment.
Otherwise can blame it on anything because the core data is credit rating.

A loan officer has thousands of applications per day or week, how is the bank going to handle it?
Banks will use data, if credit rating record fail then how can you expect to pass ?

If customer is first time with no credit data then loan officer will decide based on other data.
If you live in same address as Najib then fail.
If you are young with no high income pay then only entitle to small loan.
If you open stupid post asking about racism in bank, then bank got offended, then fail.

Majority of CIMB staff were from Bank Bumiputera which was link to BMF / Carian Investment scandal in Hong Kong.
Last year, a Razak was in CIMB's board of director.
As old man said, MY easily forgets.

Bank staff also get special rate for loan and deposits.

Affirmative action does not help. That's why NEP never touch banks.
Banks are super powers that control politicians. Have you heard Goldman rule the world.
Govt had local banks spawned to loan to locals and industries.
BNM also approve micro loan schemes, partly because ah long / ceti loan sharks were making a killing. So banks did not want to be left out.

+1 Yes.
In the end, where does money come from ?
Printing cost of RM100 = maybe RM0.20
Loan out RM100 interest about 6% = RM6
Customers repay loan of RM100 = RM106
Profit to bank : RM106 - RM0.20 = RM105.80

Example is simple but lots of banking matters, people do not understand except what they have been brainwashed or imagine.

So is bank racist?
maybe some of their staff are
banks are biased for profit. After all 1mdb did not trade with itself. See how many Goldman staff being prosecuted....

More to do with holidays like hari raya and tahun baru cina Xmas and deepavali etc

U tak nampak cinis in low position before ? U nampak banyak ore kito keja grabfood tapi tauka grabfood ni keja halal ..gaji blh sampai 3k++

It's about your credit score.
If you're a good paymaster, they will give you loan, CC etc. No problems.

You should not worry

And yet you did turned the matter racially yourself.

After just talking to one guy. After he did explained the factors and information on the loan application that the banks would need to determine whether to accept or reject the application.

What you have shown was the perception of the consultant on past statistics of who and what background would likely to have the loan approved or disapproved.

To think and suspect that the banks conduct racial profiling, you need an insider to say that the bank disregards all the financial information on the loan application and approve or reject the loan based solely on his name and race.

Punjabi = Kaum india

Don't know where you heard Punjabis fall under the Lain2 bracket.

Source: I am Punjabi myself

bank = money

you & bank = money talks...

Guys, I gave the property agent the link of our lowyat forum feedback /posts on this topic.

I agreed about Profiling Risk Database. I knew about it. So I Whatsapp the property agent.

The agent says, the information that he got about this is within an insider from the local bank.

This is scary then.

no bank will do that because it is simply not allowed to have unsound credit policy by disregarding all financial information except race, and auditors will have a field day on such things.

inb4 people gonna blame auditors also racists too

This post has been edited by tictac88: Aug 17 2019, 11:48 PM

there are other possibilities such as so called insider is not even reliable in the first place. credit policy should be defined properly with proper weight and rating at every level. anything else should not be acceptable. and it will be unconceivable with the whole credit policy only use race as primary criteria.

This post has been edited by tictac88: Aug 17 2019, 11:56 PM

I don't it is any scarier than you claiming you knew about 'profiling risk database'.

So much spin from the 1st post... that maybe you should change your nick to pusingh.

You better tell him to hide his/her ass. Just violated the law and company's confidential information.

go look at ptptn defaluters

They have profiling based on gender ?

The percentage of bankruptcy in Malaysia is quite balance between races. Many major banks in malaysia are GLC.

Why are you guys wasting time thinking abt all these glass ceiling over your head?

Im a bumi, my first house purchase was 350k subsale, working experience 9 month had cc for only 2 months. i was 23 years old. Loan from Public Bank a chinese bank. it was a subsale i payed the 10%. How? Because im smart and i showed them i had money? Simple no racism or my parents involved. Haiyah apa yang susah.

This post has been edited by thahirah: Aug 18 2019, 05:56 PM