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Civil servants can pay housing loan via e-Bayaran

25/03/2009 The Star

PUTRAJAYA: Civil servants can now pay their housing loans via e-Bayaran, says Treasury secretary-general Tan Sri Dr Wan Abdul Aziz Wan Abdullah.

He said the Government’s reason for starting e-Bayaran was to facilitate an easier way for civil servants to make monthly housing loan payments.

“For Peninsular Malaysia, e-Bayaran should be available next month,” he said after the launch of the system yesterday.

Wan Abdul Aziz said the number of approved housing loans increased from 45,000 in 2007 to 52,000 in 2008. Last year alone the approved housing loans totalled RM7bil and it is expected to hit RM8bil this year.


From left: Tan Sri Wan Abdul Aziz Wan Abdullah, Maybank CEO Datuk Seri Abdul Wahid Omar, CIMB Bhd executive director Tengku Datuk Ahmad Burhanuddin, Housing Loan Department secretary Datuk Shuib Md Yusop and Finance Ministry deputy secretary-general Datuk Zaleka Hassan at the launch o Tuesday.

“We are now managing about 900,000 active housing loan accounts,” he said, adding that the housing loan division represented one of the most important fund management departments.

The banks that are working with the housing loan division to facilitate e-Bayaran for civil servants are CIMB Bhd and Malayan Banking Bhd, via cimbclicks and maybank2u respectively.

“With e-Bayaran in place we expect funds collected to surpass last year’s RM3bil,” he said.

Wan Abdul Aziz also said there were many other benefits from adopting e-Bayaran, such as self review and printing of statements to compare with the previous year.

“By moving away from traditional ways of home loan repayments, such as wage and pension deductions, to the e-payment system, the Government is expected to save about RM400,000 this year,” he said.

Wan Abdul Aziz said the housing loan division was also looking to cooperate with the Land and Mines Department head to adopt e-Cagaran nationwide in time, starting with Malacca and Sarawak.

 

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