The current agreement is based on flat interest (same as hire purchase)
Car loan, suddenly change repayment and ask to pay more.


Never heard car loan will increase payment one.. MCB

Somewhere in this thread some one did provide the clause:

6. PERBADANAN adalah berkuasa memaklumkan secara bertulis kepada seseorang majikan yang mengambil PEMINJAM bekerja untuk memotong daripada gaji PEMINJAM apa-apa jumlah wang yang merupakan amaun bayaran balik bulanan yang dikehendaki daripada PEMINJAM bagi tujuan pelepasan Keseluruhan Pinjaman Tersebut dan kemudiannya diremitkan kepada PERBADANAN. Bagi PEMINJAM yang bekerja sendiri, PEMINJAM hendaklah membuat pembayaran balik bagi
tujuan pelepasan Keseluruhan Pinjaman Tersebut terus kepada PERBADANAN atau mana-mana ejen lain yang dilantik mengikut amaun bayaran balik bulanan Keseluruhan Pinjaman Tersebut yang telah ditetapkan di dalam Perjanjian Pinjaman Pendidikan / Pinjaman Semula Pendidikan atau di dalam notis bayaran balik yang dihantar kepada PEMINJAM.

yea. it states that of course with amount of time and at wat percentage. but as with all contracts and agreements, there's always a clause saying whatever changes they make is most of the time, if not all the time, applicable to all borrowers. So, i am asking those who kept that agreement to check if it's there. so how much are you gonna pay with the new scheme? 3 times more than your current rate?

PH desperate for money liao

also good for u la, market bad now if u play sure lose 1. better give gov this money first.

Untung la ptptn gowtim dgn Gov.

Gg.com.my

I think PH should overthink this issue

Should consider paying the minimum amount that a borrower should pay yearly base on his outstanding amount and the number of years left rather this percentage

This suggestion by PH is not viable

thanks. however it only says it has power to ask the employer to cut gaji from employee to pay it back or for the borrower to pay back according to the payback scheme they sent. nothing about they have the power to change the payment schedule as they like.

Now i pay nicely according to contract rm150+

If based on current new rate? Rm1200+

ok that definitely sucks.

If allowed to choose, most will pay 2% nia.... This schedule is fairer.

only good news i can tell you is your loan will finish in less than 4 years. I think avangelice up there did a calculation for his own for 67k or something.

Why never think b4 announce?
They are govt now. Every decision need to think , bukan main u turn

I paid rm298 per month. Under new structure I will fall under 15% bracket. which is roughly 5 times more

Damn....let pray hard u turn hahaha
Bukan tak nak bayar...sudah bayar...but sudden increase is painful

Good la, hutang already pay back

sst gst no diff la u still pay 6%. but wad make u think under jibby time u dont have to declare your side income?

Same same

This gov need to bring back GST

100k loan, who ask u go loan so much at 1st place?

and if you have 100k loan already, why still pay 1.2k per month for car? normal proton/perodua cant?

not to mention 2k house mortgage

have family so early without finished paying somemore,

people these days like to live above what they actually capable of

worked for 10 years epf ac2 should have some substantial amount no? can use that to deduct loan amount.