By Julie Ngadan & Nura V Lorna
KUCHING: None of the people from the B40 and mid-M40 groups who took housing loans from Mutiara Mortgage and Credit Sdn Bhd have ever defaulted in their repayments.
According to its chief executive officer Shaharony Mat Nor, during the four years of the company’s operations, the more than 800 of their borrowers had consistently paid off their loans.
“We provide up to 100 per cent housing loans to eligible applicants and charge a fixed interest rate (throughout the loan period) of only one per cent.
“In addition, we also exempt stamp duties on all legal documents,” he said when met at his office in Wisma Sultan Tengah here yesterday.
Elaborating further, Shaharony said they prioritised housing loans involving government housing projects including the Housing Development Corporation (HDC) as well as other government agencies.
However, he said, they also offered loans involving housing projects from private developers on the condition that the developers must fully develop the house complete with occupation permit (OP).
“We do so to protect the people (buyers) from abandoned housing projects.
“We will not interfere in the affairs of abandoned projects or housing schemes that are still under construction,” he said, adding that private developers or contractors must first be approved by Mutiara Mortgage and Credit Sdn Bhd.
In the meantime, Sarawakians who intended to buy a house in the state now also have the opportunity to get a house deposit assistance of up to RM10,000 through the Housing Deposit Assistance Scheme (HDAS) offered by them.
The state government will pay a deposit of the house to eligible buyers.
“Our home financing scheme is flexible to suit the need of house buyers.
“For HDAS, we will provide loan assistance of 10 per cent of the property purchase price or construction price, or RM10,000, whichever is lower,” he explained.
Sarawakians who want to apply for housing loan assistance from Mutiara Mortgage and Credit Sdn Bhd can buy affordable houses worth up to RM300,000.