I’ve no idea whether banks are racist or not. But I always wonder the race column in all their forms. Assuming I’m applying for a CC or PL where there isn’t a bumi discount.

Do they use that for statistics? End of the year PowerPoint to show how much Chinese has borrowed? Malay and Indian. How many did not pay back or took longer? Then that’s racism of some kind for sure. Subtle one.

Point is, they must be using that data for something.

Please dont spin a business decision into a racial one. Are you upset that you are not able to get a loan? Work harder then. I doubt bank would reject you if your income is strong.

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?

I’ve no idea whether banks are racist or not. But I always wonder the race column in all their forms. Assuming I’m applying for a CC or PL where there isn’t a bumi discount.

Do they use that for statistics? End of the year PowerPoint to show how much Chinese has borrowed? Malay and Indian. How many did not pay back or took longer? Then that’s racism of some kind for sure. Subtle one.

Point is, they must be using that data for something.

Typically the fields exist in forms for no reason other than "that's the template we received" because someone maybe 20-30 years ago put the field in there, and no one has bothered changing the forms. You'd be surprised how many times I've fudged up the "Race" or "Annual Income" field on purpose like putting "NOYB" (none of your business). No one bats an eye and I'm never questioned.

That aside, those data are typically used for business intelligence, e.g. which income group is more likely to default, what level of interest rates can be applied at what loan range, etc etc. Even if it is race based, it's empirical, it's not racist to point out certain group to have certain spending habits if it's factual.

apa salahan bank? i see many melei, cainis, indiannn driving luxury cars.

TS your heart like glass kah? so easy shattered

Yes, its true. Not only local banks but also foreign banks incorporated in Malaysia do this profiling. But I don't think all the banks in Malaysia do it this way. My friend entered a customer profile for preliminary approval into the system and the result was loan rejected. Changed the race and then automatically approved. So yes, race is used as a factor to profile potential clients. Which is probably why certain banks reject my credit card applications while others can give me 6 figure credit limits. Profiling based on race is racist, period. It doesn't matter what the weightage assigned to race is. Its just plain racist coz it means that good paymasters and people with better credit management get lower credit scores based on race while someone else gets higher score based on race although they are not as financially strong.

Profiling based on race is racist, period. It doesn't matter what the weightage assigned to race is. Its just plain racist coz it means that good paymasters and people with better credit management get lower credit scores based on race while someone else gets higher score based on race although they are not as financially strong.

     

Bank yg mane satu hang sebut tuh 😂

This is malaysia .
Get real.

Ever heard of 'bumiputera only'?

What do you mean racist? Thats the way it is.

Go find some other banks. Dont worry about things that you cannot control. Work on things that you can change.

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?

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?