I called bank negara last week and was informed that the circular was communicated to banks directly and not publicly. Its says that banks cannot charge customers simply but its still at their discretion... I was like ?????? I'm trying to fully settle my uoby housing loan and they still charge me the 3% penalty. Igot the breakdown and uoby just change the name of the term from early settlement penalty. I wrote in to bank negara and still awaiting a written response from either them or uoby. Waited and was looking forward to after 1st july to see what's the circular about, totally disappointed.