Can Malaysian residents obtain loans from Labuan banks? Yes, they can subject to the guidelines issued by Bank Negara Malaysia (BNM), as follows: For an aggregate loan amount not exceeding MYR1 million, no approval by, or notification of, BNM is necessary For an aggregate amount exceeding MYR1 million but not exceeding MYR5 million, the applicant is required to inform BNM within 2 weeks from Letter of Offer For an aggregate loan amount exceeding.. Read More