Licensed Money Lenders Now Known As Credit Communities

The Ministry of Housing and Local Government (KPKT) rebranded licensed moneylenders registered under the ministry as 'Komuniti Kredit'.

loan in any amount with an interest rate of 12% with collateral, or 18% without collateral, 

Digital Loans By Ctos And Kekal Impian Enters Partnership

Kekal Impian aims to provide quicker, more convenient, and customised financial services online by utilising CTOS’ extensive data. Steven Phua of Kekal Impian elaborated, “We started as a traditional venture in the financial industry, driven by a simple yet powerful mission: to provide a helping hand to those facing financial difficulties.” 

In Malaysia’s financial services industry, this strategic alliance between CTOS and Kekal Impian marks a turning point. The collaboration aims to empower people with greater access to credit, particularly those underserved by conventional banking institutions.

Beware Of Fake Money Lending Licenses Supposedly Issued By Bank Negara Malaysia

Bank Negara Malaysia (the Bank) has warned the public about the recent modus operandi by people or companies carrying out illegal money lending activities using fake money lending licenses purportedly issued by the Bank.

These fraudsters aim to trick people into believing they are licensed moneylenders and to lure people into making early payments for various loan-related purposes such as administrative expenses, stamp duty and legal fees.