RHB Banking Group finds no issue in providing housing loans to blacklisted National Higher Education Fund Corporation (PTPTN) loan borrowers.
“If the blacklisted borrowers are able to restructure and convince us that they already have a repayment structure with PTPTN, we will consider. We are already accommodating that kind of situation,” said Nazri Othman, Retail Banking Acting Head at RHB Banking Group.
According to him, the bank has no reason to refuse extending housing loans to PTPTN borrowers who are willing to pay their loans with a proper repayment schedule, reported Bernama.
“They may have had difficulties to repay earlier but now they are able to restructure their repayments. So we will consider them and give them the lifeline to apply for loan facilities,” he said.
“It doesn’t mean that by having a problem (in repaying) earlier, they would continue to have that problem forever.”
Meanwhile, the Government will be introducing a discipline mechanism for National Higher Education Fund Corporation (PTPTN) borrowers listed under the Central Credit Reference Information System (CCRIS) regarding their payment for housing and education loans.
Enabling young people get up the property ladder, the mechanism would cover purchases of all types of homes and not just those falling under the Ministry, said Housing and Local Government Minister Zuraida Kamaruddin.
“CCRIS is just an information scheme but banks are still free to approve or disapprove the housing loan for them. In a way, the Ministry will work out the mechanism together with PTPTN in order to assist them to repay both education and housing loans.”
Separately, Youth and Sports Minister Syed Saddiq Syed Abdul Rahman revealed that the Youth Housing Policy is set for launch in October.
He noted that the current rent-to-own scheme launching in September, covering houses valued below RM300,000, was a good initiative for the youth who earned below RM3,000.
“The buyers don’t have to pay a deposit but can rent a unit first and after five years, their financial status will be reviewed as to whether they are eligible to buy the house (or not),” he said.