KUALA LUMPUR, April 8 — As many as 800,00 civil servants are repaying RM1.2 billion every month for their loans, making up an annual sum of RM14.
“For example, for the coming Eid al-Fitr , the total number of staff applying for new loans increased 10 per cent or an additional 10,000, from 30,000 to 40,000 people,” Abdul Fattah was quoted as saying.The large number of borrowers reflects the rising cost of living, among others, he said.news report, there are five other agencies that manage the loans taken out by civil servants: Bank Simpanan Nasional , Yayasan Ihsan Rakyat, CoShare Holdings Berhad, I.Destinasi, and MBSB Bank Berhad.
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