KUALA LUMPUR, Nov. 11 -- From January 2027, anyone applying for personal loans exceeding RM100,000 will be required to complete a 15-minute financial education module under Bank Negara Malaysia's (BNM) new policy aimed at assessing borrowers' financial readiness and promoting smarter borrowing choices.

A BNM spokesmansaid the module is adapted from the RumahKu online programme offered by the Credit Counselling and Debt Management Agency (AKPK), which helps prospective first-time homebuyers make prudent and informed financial decisions.

Citing the module's impact, the spokesperson added that nearly one in five participants reconsidered their housing plans - with 15.6 per cent delaying their loan applications and 3.4 per cent seeking addi...