New credit facility for civil servants to repay housing loans

Date:

spot_img

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.

Education expo effective platform

KOTA SAMARAHAN: The Sarawak Education Expo 2022 here provides Sijil Pelajaran Malaysia (SPM) graduates, especially in rural areas, an opportunity to choose a field...

Share post:

Our Opinion

More like this
Related

Man in custody for having imitation guns

KUCHING: Police have arrested a man for allegedly selling...

Call not to politicise cooking oil issue

KUCHING: The Ministry of Domestic Trade and Consumer Affairs...

Digital economy programmes: CENTEXS in pole position

KUALA LUMPUR: The appointment of Centre of Technical Excellence...

Make no mistake, Premier listening to chatter on MPs

KUCHING: Gabungan Parti Sarawak (GPS) chairman Datuk Patinggi Tan...

CENTEXS eyes role in digital economy initiative

KUALA LUMPUR: Centre of Technical Excellence (CENTEXS) wants to...

Expo attracts 12 institutes

SARATOK: A total of 12 educational institutions here yesterday...

Rural health clinic needs upgrading

KAPIT: The Sungai Tunoh Health Clinic located in Tunoh,...

CENTEXS to lend a hand to halal industry

KUALA LUMPUR: Centre of Technical Excellence (CENTEXS) Commercial has...

Artificial reefs promise better future

SEMATAN: The placement of artificial reefs in the sea...

132 to lose crowning glory for cancer fight

KUCHING: Over 140 participants across Malaysia have signed up...

AZAM to step up development communication drive

KUCHING: AZAM Sarawak will intensify efforts to facilitate development...

Need for journos to reinvent to stay relevant

KUALA LUMPUR: In the context of the Internet Revolution...