Tag: why banks must not simply lend to everyone
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Lending to everyone is not helping the borrower, actually.
If we are buying a RM300,000 property and could not get our loans approved, should some financial institution approve it so that we could still buy that RM300,000 property? Well, there is a potential new bank which will be set up to lend to borrowers for homes worth below RM300,000. Okay, there are no further…