RM10bil home loans disbursed to civil servants


In agreement: Kamal (left) exchanging documents with Ahmad Zaini after signing an MoU to provide housing loans for joint households, that is households that have both civil servants and private sector employees. Also present are LPSSA chairman Datuk Seri Ismail Bakar (second from left) and MBSB chairman Tan Sri Abdul Halim Ali.

PUTRAJAYA: The Public Sector Home Financing Board (LPSSA), which was established in January 2016, has been disbursing RM9bil to RM10bil housing loans annually to public sector employees.

LPSSA chief executive officer Datuk Kamal Mohd Ali said that LPSSA has been receiving about 48,000 applications every year, with a “very low” rejection rate.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , loan , MBSB , Bank , homes , disbursed ,

   

Next In Business News

Malaysia's CPI rises 1.8% in March
DNB announces new board members comprising representatives from all five MNOs
Axiata, Sinar Mas move closer to US$3.5bil telco merger
Agricore gets Bursa nod to list on ACE Market
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain
Ringgit soft as US$ remains elevated
Product innovation drives sales of local plastic packaging
Bursa's rally continues ahead of economic releases
Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd
Kering says profit likely to tumble

Others Also Read