Advertisement

Do I need a guarantor for my housing loan? Advertisement  
This is at the financial institution's discretion and depends on the credit standing of the borrower.

Back to Housing Loan's Contents


References
  1. Guarantor - Person or entity who is legally bound to pay a debt incurred by the borrower if that borrower fails to pay.


Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)


Back to the top


Sponsored Links

Share this Page
submit to reddit


Notes
Tags   :     |    |    |    
Knowledge Base ID   :   1285
Last Review   :   May 22, 2014
Source   :   BankingInfo

Related Mortgages (Housing or Home Loans) Issues
» What happens to my outstanding mortgage (without insurance coverage) in the event of my death?
» What are the things I should know when buying a house in Malaysia?
» What is the margin of finance (MOF) for housing loans in Malaysia?
» What is the difference between Monthly Rest and Daily Rest?
» Why does my outstanding home loan remain high at the initial stage despite the repayments made?
» Can I purchase a house under joint names and apply for the housing loan only under my name?
» What are the rights and duties of a borrower during the course of a housing loan?
» Should I consider refinancing my home loan if I am offered a lower interest rate?
» What can the bank do if I do not make repayments on my home loan?
» Does the bank have the right to charge my home loan account for any miscellaneous charges incurred by them such as late payment charges, legal costs, insurance, etc?

Back to the top