Tag: personal loans


  • BNM Mandates 15-Min Financial Education for Personal Loans Over RM100K

    BNM Mandates 15-Min Financial Education for Personal Loans Over RM100K

    New Rule Sets Financial Literacy Benchmark for High-Value Personal Loans Starting January 1, 2027, borrowers in Malaysia seeking personal financing above RM100,000 must complete a 15-minute financial education module, a policy announced by Bank Negara Malaysia (BNM). The move aims to bolster financial literacy among consumers taking on larger debt and to ensure borrowers understand…