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 Margin of Finance Slashed After Valuer Inspection, Whose fault?

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cherroy
post Feb 11 2008, 05:12 PM

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From: Penang


QUOTE(Wukaneld @ Feb 8 2008, 06:13 AM)
Now here's my problem:

1. If someone has to be responsible, that will be whom?
2. Is there any way customers can do to not cancel the loan while still get the 180k loan at 94.7% MoF?
3. Can they complain? To Bank Negara?

Any answers will be very much appreciated. Thanks.
*
1. No one would be held liable in this case, as far as I concern if like the mentioned situation (I might be wrong)
2. Try another bank to see whether others willing to give or not.
3. Bank Negara won't accept the complain, as everything is done is proper order.

For loan or ant financial instrument, it is done on willingness basic, banks have the right to loan or not to or how much they want to lend. There is no obligation for banks to lend out their money if they don't wish to.


 

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