6monrhs u can get a 2k phone already, more like business for bank... Imagine millions in malaysia took up the moratorium

imagine millions of people that are not offered to take this when their income had been impacted by the Covid19 pandemic

Regardless of what it is the bank is on profit, but higher purchase and PL are a real steal of a deal for Moratorium

If the government really want to help rakyat, they should force to exclude interest for 6 months without accrued interest

If I ask u to give me 9k and I will pay u back 9k+2.5k after 9 years, will u do it?

Some people might not need the 9k now, but for others 9k is for survival.

Offering moratorium is already a help to the rakyat, asking for no accrued interest is equivalent to banks giving out free money. If interest stops with moratorium, should your FDs and ASM and ASB stop giving out interest during the period as well ? You can't ask for one without the others because everything is interconnected.

I'm talking about housing loans, The FD, ASB is not a necessary loan but a housing loan is a necessity for everyone

like it or not loaners will pay the remaining loan that hugely increased after 6 months moratorium

Nothing to do free money, by extending another 6 months without accrued interest is what many really want it should be done(this all people want except people who for banks)

What the current Government and the bank do right now is put more pressure on desperate loaners to gain extra money so that they can give bonuses to bankers

https://www.malaymail.com/news/malaysia/202...despite/1960232

I know that time is hard, but we have to talk with facts not emotion.

Who doesn't like free money? Who doesn't like handout? But is it sustainable?

FD and ASB is not a loan, it is an investment vehicle. When you put your money into these investment vehicle, the bank uses this money to give out mortgage loan and hire purchase loan and charges interest on it.

In return the bank promises to pay you interest daily on the sum of money that you deposit. That's how your interest is funded, it is a cycle. The money does not fall from the sky.

Now imagine the bank stop charging interest for mortgage loan and hire purchase loan, where do you expect them to get the money to pay out interest for your FD and ASB?

No such thing as bank is charging interest to give more bonuses to their bankers. Bank is a business after all, not a charity.

Lol you go everywhere

So hire purchase and personal is consider free money?

Just to be clear hire purchase and personal loan no accrued interest for 6 months the bank just extend another 6 months

This should be done the most basic and necessary of all loans is housing loan. The government can extend another 6 months without accrued interest.

Like I said before the bank and the government put more pressure on desperate people by forcing more interest charge

Everyone fully supports if the government do the same to housing loans just like HP/PL


It can be done and should be done

Except for the bank people against this idea

Bro you mabuk ke apa?

Since when hire purchase and personal loan no accrued interest? This round you will need to pay interest based on your effective interest rate.

I'm done talking sense with you. Only short minded people think that banks should give out free loans to everyone.

And fyi I'm not a bank person, just speaking from a rational point of view.

lol why being mad say bad words

Hire purchase no accrued interest but yes PL got, but the point is simple if HP can implement extending 6 months why not Housing Loan?

https://ringgitplus.com/en/blog/loans/malay...your-loans.html

Yes I take HP moratorium 1.0 no charge of interest just extend the period but my HP is settled now

And your rationale can throw away when the bank like it or not with deferred 6 months and extend another 6 months, the original amount of loan still charge of interest and the bank still on huge profit

I'm not accusing you bank people but seem you madly defend the bank made me think which side are you people or bank?


funny people

This post has been edited by Azury36: Jul 18 2021, 08:53 PM

The more you speak, the more uninformed you seem to be.

If you are not sure how the current moratorium works, you can just keep quiet and not pretend that you know all.

First you say hire purchase and personal loan has no interest during moratorium, and now u say only HP has no accrued interest. The link that you show is not even valid, Affin has already removed the sentence from the FAQ. If this is your first day in this thread, I suggest you to read back before you say anything stupid.

Like I said, this round all loans comes with accrued interest. For MCO 1.0, hire purchase has "true zero interest" and one can actually profit from taking the moratorium. This round it's not, so stop assuming.



Whether the banks are on huge profit is not for you to say, when you signed on the loan agreement, you have agreed to pay XXX amount based on x.xx interest rate. That's all that matters. Your mentality is as if it is okay if you don't pay back the bank, because banks have already made so much money.

Entitled much ?

As I said before I refer to Moratorium 1.0 HP has no accrued interest

so the Government have the power to implement the same with Housing loan

Early this year banks able to give bonuses shows there are on profit

I focusing on the ability of the bank to give extend 6 months without effecting so much their profit

While you focusing ASB, FD from the beginning it is out of topic which shows your mentality is shallow

Funny working hard to defend the bank

True

The bank is always on profit, as rakyat we can clearly see unless the people working for the bank said they losing money,

Yes losing a bit of profit but still on profit.

It's ok la you win, all banks are evil Kan? Charging interest when you are the one that signed on the document.

Again, I would like to emphasize that just because banks are making profit, they should give out free loans to everyone ? Banks should give away all their profit because banks are not allowed to have profits, correct?

So what if today you received a sum of bonus from your work, and your friend that borrowed money from you said that he don't want to pay back since you are rich now.

Do you know how stupid you sound?

Win or lose is nothing

This is not competition or anything

I said from my experience of Moratorium 1.0 that the bank can handle HP without accrued interest while Moratorium 2.0 all of sudden put the acrued interest.


I'm voice out that affecting people directly and HL is many of us take the loan in fact your family/parent do the same.

While you defending the bank which has nothing to do with you looks more idiot and baffled unless you are bank people that pretend not to

You terrible with example just like you pretending that are not bank people

And free loan? HL you need to pay regardless whatever happens except you die the insurance cover and the bank still profit

This post has been edited by Azury36: Jul 18 2021, 10:23 PM

If you remember, moratorium 1.0 originally comes with accrued interest for hire purchase loan, only after people make noise they turn and don't charge interest for HP loan.

So it's not that moratorium 2.0 suddenly put accrued interest, it has always been this way. The first one was a bonus.

There's no reason for me to defend the banks. I'm just speaking from a realistic point of view, unlike some people who are so accustomed to handouts and tongkats that when it is taken away from them, they complain the banks are cheating their money.

And FYI, giving moratoriums without charging interest is basically free loan. The banks are not earning anything on the money that is deferred (in a way borrowed to the customer). If you are not sure how money works, I will suggest you to read up first before acting smart here.

For public Bank loan mora application. Anyone face errors that IC cannot be found? Understood that it's branch based, CS has said it will fwd enquiry to branch, but how do we know if it's really conveyed?

Take 9k put on epf and compouming for 9 years stll earn monry

If you want to be sure, do a paper submission at the branch and ask for an acknowledgement. Otherwise, wait for the bank to revert through emails.

When there is an insurance payout to settle a loan, bank only recovers or take back their outstanding loan principal only without any future profits interest.

The one who profit from the payout is the next of kin who receive a free property without having to pay the outstanding loan.

In a regulated business, it is illegal to profit more than what is permitted by law.

This post has been edited by mini orchard: Jul 19 2021, 06:54 AM

If I can deposit and withdraw freely from EPF I would do the same as well. Too bad EPF is locked in until 55