If vaccine is not available in time, up to 80% of the world population could be infected.

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 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.

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.

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.

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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 ?

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

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?

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.

READ.

https://soyacincau.com/2020/05/01/bnm-morat...crued-interest/

Seriously, you need to brush up your English man. I can't even make out what you are trying to say...

It's ok la you win, come I'll give you your medal. Now pergi main tepi if you can't have open discussion without bringing in your emotions and grievance towards the banks