Malaysian central bank to offer $250 million in housing loans

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The Bank Negara Malaysia

Malaysia’s central bank is making $250 million available in housing loans to low-income households, it announced on November 2.

Bank Negara Malaysia said it had established a “fund for affordable homes”, financed with one billion ringgit (approximately $240 million). The fund will make loans “at concessionary rates” to help lower-income families buy their first homes, the BNM said.

The central bank said loans will be made from the fund either until January 1, 2019, or until all the funding is

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