New credit facility for civil servants to repay housing loans
By:Fasiha Khushiri
KCH-cuepacs-2605-fk (1)

KUCHING: The Sarawak government has allowed civil servants to have their salaries deducted to repay housing loans under Mutiara Mortgage & Credit Sdn Bhd.

Sarawak Cuepacs chairman Omar Bahrein Unin said that in a circular dated May 18, 2022 issued by the Sarawak government, apart from the Sarawak Officers Housing Loan Scheme offered by Borneo Housing Mortgage Finance Berhad, qualified civil servants could also apply for a housing loan under Mutiara Mortgage & Credit Sdn Bhd.

He said Sarawak Cuepacs had voiced to the Sarawak government that civil servants could buy houses through a loan scheme under the Mutiara Mortgage scheme.

“This is because the interest is lower than other loan schemes.

“Sarawak civil servants, especially from the B40 and M40 groups, can breathe a sigh of relief thanks to this new facility, at least in the long run, it can ease the burden of repaying home loans,” he said in a statement on Thursday (May 26).

He added that Sarawak Cuepacs also hoped the Sarawak government could extend the housing loan scheme facility to federal civil servants from Sarawak who buy houses in Sarawak.

“This is because the same burden is also felt by federal civil servants in Sarawak.

“Sarawak Cuepacs is grateful to the Sarawak government for always paying attention to the welfare of civil servants in Sarawak.”
Mutiara Mortgage & Credit Sdn Bhd is a wholly-owned subsidiary of the Sarawak Housing Development Corporation (HDC), which offers housing loans to the low- and middle-income groups.

The types of properties funded under the scheme include all housing development under HDC and affordable housing schemes that have been approved by the government.

New Sarawak Tribune e-Paper

Related Post

Batang Lupar MP dismayed with annual devt funding
6 hours ago
Worry grows over cutback in MP funds
7 hours ago
Sarawak’s Mohammad Hariz selected for ICC U19 Cricket World Cup qualifier
7 hours ago
Sarawak sees significant drop in homeless population
7 hours ago
Two more transit centres ready by November
7 hours ago
MPs hope allocation amount stays
7 hours ago
Soup kitchen holds out hope for urban poor
10 hours ago
Sarawak first in Malaysia to host certified event design training
12 hours ago

Promoted Content

Latest News

Dek Wan wins 100m title in World Para Athletics GP
4 hours ago
Passion for making bows churning good income for Zulkifli
4 hours ago
Tough to fit AFF Cup into Fifa calendar anytime soon: FAM
5 hours ago
Body of newborn found in garbage dumpsite
5 hours ago
Toshiba unveils intelligent power devices that minimise mounting areas
5 hours ago


Subscribe and get the latest news from

New Sarawak Tribune is a Sarawakian news portal that highlights Sarawak-centric news and other stories of relevance to Sarawak.

Today, New Sarawak Tribune focuses on happenings in Sarawak’s cities, towns and small places no matter how remote these are and events of relevance in other states of Malaysia and other countries.