Three community credit companies licensed to provide online loans

0

KUALA LUMPUR: Kuala Lumpur-based community credit companies, namely JCL Credit Leasing Sdn Bhd, Seamoney Capital Malaysia Sdn Bhd and Melati Panorama Sdn Bhd, three licensees of existing lenders, will receive additional approval to conduct loan transactions money online, said the local government’s Housing and Department.

“The approval was given to ensure that borrowers, as well as the credit community company, are protected by a transparent online lending facility that complies with established provisions,” the department said in a statement Friday, May 13. .

According to the ministry, any community credit company that engages in online money lending transactions without a license may be fined or imprisoned, or both, based on the provisions of the 1951 Act. on money lenders.

The list of community credit companies approved for online money lending activities will be updated periodically with the latest information available online at www.kpkt.gov.my.

“The public can also contact 03-8891 4667/4662/4695/4694/4682/4683 or submit inquiries through the KPKT integrated complaints system at aduan.kpkt.gov.my for more information,” the official said. ministry. – Bernama

Share.

About Author

Comments are closed.