KUALA LUMPUR, Oct 18 (Bernama) -- The loan procedure being implemented
by financial institutions is aimed at making a fair evaluation and not
complicate financing for local entrepreneurs.
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=702890
Published: October 19, 2012
Deputy Finance Minister Datuk Dr Awang Adek Hussin said the procedure
took into account credit management practice to determine if the
applicant was eligible to receive financing based on the viability of
the project as well as the repayment capability.
"The procedure used is clearly stated in the customer charter of the
financial institutions alongside the list of documents to be verified
for each application, including the time taken to process it.
"Hence, the applicant is asked to ensure that all core documents are
complete, so that the process of evaluation goes smoothly," he said in
response to a question from Datuk Bung Moktar Radin (BN-Kinabatangan) in
the Dewan Rakyat here today.
Bung Moktar had wanted to know the loan procedure of financial
institutions such as SME Bank, the Malaysian Technology Development
Corporation(MTDC) and Bank Pembangunan, which are seen as complicating
assistance to local entrepreneurs.
-- BERNAMA
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