Background of the new policy
According to Bank Negara Malaysia (BNM)'s latest guidelines, the maximum period for the cash withdrawal portion of a refinancing loan has been shortened to 10 years. This measure is aimed at controlling household debt and curbing speculative activity in the real estate market [[❞]] (https://loanstreet.com.my/learning-centre/10-year-limit-on-mortgage-refinancing-cashout) [[❞]] ( https://www.iproperty.com.my/guides/bank-negara-malaysia-s-lending-policies-how-do-they-affect-you-4793). Previously, homeowners could refinance a property with a loan term of up to 35 years, but the new policy requires any cash withdrawal to be repaid within 10 years, thereby increasing the monthly repayment amount and further increasing the financial burden on borrowers [[❞]] (https://loanstreet.com.my/learning-centre/10-year-limit-on-mortgage-refinancing-cashout) [❞] ( https://ringgitplus.com/en/bl...
According to Bank Negara Malaysia (BNM)'s latest guidelines, the maximum period for the cash withdrawal portion of a refinancing loan has been shortened to 10 years. This measure is aimed at controlling household debt and curbing speculative activity in the real estate market [[❞]] (https://loanstreet.com.my/learning-centre/10-year-limit-on-mortgage-refinancing-cashout) [[❞]] ( https://www.iproperty.com.my/guides/bank-negara-malaysia-s-lending-policies-how-do-they-affect-you-4793). Previously, homeowners could refinance a property with a loan term of up to 35 years, but the new policy requires any cash withdrawal to be repaid within 10 years, thereby increasing the monthly repayment amount and further increasing the financial burden on borrowers [[❞]] (https://loanstreet.com.my/learning-centre/10-year-limit-on-mortgage-refinancing-cashout) [❞] ( https://ringgitplus.com/en/bl...
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