71.   He also said CGC has also relaxed certain regulations to applicants who want to obtain loans under the Seff scheme.

72.   He has shepherded projects at PNC including CollegeLink.com, a site where people can obtain college loans from PNC.

73.   He said many buyers cannot obtain loans to purchase houses and developers do not have the required funds to build them.

74.   He said the concept was necessary as it was difficult for those from the lower-income group to obtain housing loans.

75.   He said the Government realised that some sectors were facing problems in obtaining loans due to controls on credit growth.

76.   House buyers found it increasingly difficult to obtain bank loans.

77.   However, he said the Federal Government should also consider making it easier for the low-income groups to obtain housing loans.

78.   If indeed the housing bank is set up, Gan said, the Government has also to ensure that it will be easy to obtain loans.

79.   In buying and selling of property it has become customary for the purchaser to assume that he will obtain a loan from bank or other financial institution.

80.   In early April, FGH signed a letter of intent with Pegasus to obtain a loan as a secured note with a three-year maturity period.