For (b), got difference ke if they say accrued interest will not be capitalized ? When you make your payment it will be used to offset the accrued interest, so it means that you are paying less towards your original amount. At the end of the day, it will be as if the accrued interest is added into your principal amount.

I didnt say there is difference. Is up to individual how he wants to interpret.

Some banks are more direct approach and some uses indirect ways.

already checked with ambank, this round even hire purchase also will have interest accrued.

so conclusion, there will be interest for all loans for this 6 months and no compound interest for this 6 months. BUT the compound interest will start on 7th month.

CIMB slightly different with others, housing loan wont extend your tenure but will increase the installment amount starting from 7th month...

If we apply Moratorium and keep the repayment as usual, the repayment will be counted as future payment right ? therefore payment made will be fully paid to principal correct ?

heard before, under normal circumstances for some banks and some of their loan package,...the borrower need to tell the bank in advance if they want to "pay for principal", else it will be under advance payment,...
just not sure if you case apply or applicable during this Moratorium situation

This post has been edited by MUM: Jul 9 2021, 08:49 PM

One of my loan under PBB, last year Mora 1.0 auto opt-in, I still pay as usual at the end of the year my account shown that have extra redraw amount. statement received mention pay into principal.

Btw anyone know how the figure work out for PBB loan statement's bottom table got four coloumn highlighting Principal Balance | Interest | Fee & Charges | Balance ?

If say we want to fully settlement, we are paying to Principal Balance or th Balance ?

You need to request for a redemption statement which will state the amount to be paid by certain date as full settlement. The figure should not be too far off from the statement amount due to the date the statement is generated.

Same for PBB too. Accrued interest for HP.

Personal loan got additional interest?

try this youtube?...
MORATORIUM Personal LOAN
https://www.youtube.com/watch?v=Bhp7E91O6Og

Borrowers in a quandary over higher monthly instalments for loans....
.....higher monthly instalment from the seventh month.

Going by a calculation available on the website of a bank, a RM300,000 loan with a remaining 20-year tenure and a 3.5 per cent interest rate per annum would see borrowers paying an additional RM62 to the monthly instalment of RM1,740 from the seventh month.

The accrued interest would set them back by RM5,250.

https://www.msn.com/en-my/news/national/bor...Y?ocid=msedgntp

So he saying to take or not to take lol

if yours is an iron rice bowl, that are not and will not be impacted by covid19 pandemic...don't take.

In beginning moratorium 1,they mention personal loan different from housing loan cause fix interest, now this moratorium all also got additional interest?

I am not sure if interest will be there for personal loan on this current moratorium...
What did the YouTube as linked by t231h said?

Just received email from MBB saying my application was approved, too bad my HP just auto deducted yesterday or else i can "save" a month. Or maybe they did that in purpose

What u mean save a month, so hp additional how much interest

Hi All,

I received the email from PBB about the HP, from the message below, is it i need to pay extra RM3,676.75 interest if I choose for this 6 months deferment?

Accordingly, a total sum of RM514.10 being the interest will be charged (accrued) on the
deferred instalments (principal portion only) totalling RM3,676.75 from July 2021 up to
September 2024 (39 months) at the prevailing Annual Percentage Rate (APR) of 5.96% as
per the HP Agreement / Supplemental Agreement (whichever is applicable) on the basis
that the six (6) deferred instalments will be paid during the extended tenure.

The deferred amount is 3,676. 514 is the extra interest that you need to pay if you take the moratorium