Personal loans should not be too accessible, experts warn

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The story "Personal loans should not be too accessible, experts warn" was covered 11 hours ago by The Star, a news publisher based in Malaysia.

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The Star 11h ago

Personal loans should not be too accessible, experts warn - The Star

Quick Summary:

Having fewer regulations for personal loans under 100 million dong does not mean the approval process will be easier, say policymakers and industry experts.

Interest for unsecured personal loans will always be higher than business loans or loans backed up with collateral,” said Nguyen Quoc Hung, VNBA’s vice-chairman.

Collecting on personal loans has always been a challenge despite efforts by the banking industry and the authorities.“Two things are for sure.