Today i just noticed not pay my car loan..
Due on 30 every month..
So i late 3 days..
How much interest i will be charged?
Public Bank anyway..

Ours late so many day. No interest but will show as a miss payment in your ccriss record. But we always pay extra. So long as you pay that month. 6month your car can kena tarik

This post has been edited by mushypancake: Feb 2 2018, 08:56 PM

You'll get some interest charge calculated on a daily basis.

Late a few days, normally a few ringgit penalty charge shj.

Be careful, if you late 1 day, for hire purchase it will appear "1" on your ccris.


You can try print it

late payment - forgot coz travelling.

now i am under high commitment in the ctos/ccris. sheesh.

Are you sure its 6 months? I thought now is lesser due to stricter bank regulations, about 4 months or is it even shorter now?

This post has been edited by amscouzach57: Feb 4 2018, 06:59 PM

3 days late? Hmm.. i think not much interests charged

Interest already fixed... late payment only is it?

Just pay RM100 more than usual to be safe (to cover the interest), wait 1 year and record of late payment gone.

Not necessarily, sometimes certain bank system very "peculiar", the record won't go away until one go check credit agency when simple loan also get rejected....

I thought CCRIS and CTOS only keep 1 year of record of payment? Unless of course it's the bank records themselves, or if there are any legal action taken against you. If there are any legal action taken, the record will be there forever.

In actual fact, the bank "will/should" submit outstanding status monthly. But general industry practice is to wait for 3 months for the CCRIS/CTOS to really get up to date. But sometimes, something in between them just doesn't link and some people's old record still shows up.

However, i'm uncertain of what is the hard written policies of the credit status updates. A good idea is to go for a credit check when planning to get a loan, instead of during the loan application. Sometimes it is just too late, and the business deal just slip out of hand due to lack of financing. I heard a story like that from my mum who works in the bank not too long ago. That client damn furious with the bank my mum is working with...

I once pay 5 days late , late payment charge was RM0.90.

forgot once till the bank called
lel
due to long holidays on short month