Reported 12 months ago
The Ministry of Agriculture announced new measures for agricultural loans, aligning them with the revised regulations of housing welfare loans. Changes include limiting borrowers to one loan application, requiring new borrowers to sign a declaration of self-occupancy, and strengthening pre-loan assessment and post-loan management. This move aims to assist households without their own homes in purchasing residences for a stable living environment. The enhanced regulations seek to prevent abuse and ensure responsible lending practices in the housing market.
Source: YAHOO