PUTRAJAYA: The government expects local financial institutions to disburse RM1 billion in home loans this year to low-income groups in the agriculture and fisheries sectors under the guaranteed housing loan scheme (Skim Pinjaman Perumahan Berjamin). Second Finance Minister Tan Sri Nor Mohamed Yakcop said yesterday the loans, under an initial RM50 million guaranteed fund, would be disbursed by Bank Islam Malaysia Bhd (BIMB) and Bank Simpanan Nasional (BSN). Syarikat Jaminan Kredit Perumahan Bhd (SJKP), a unit of the Finance Ministry, would guarantee the industry. About 20,000 borrowers with monthly income of RM1,500 would be able to own low- and medium-cost housing, he said. He added that 1,713 applications worth RM29 million were approved over 15 days.
(16-1-2008 The Edge)
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