Hey guys, would like to clarify with Hire Purchase.

Since technically interest is already calculated upfront and then the monthly payments are equally distributed till the end of the HP period, are they going to count extra interest on the 6 months of moratorium? Or is it my monthly payments are essentially just pushed back by 6 months but the total final payments I make are the same even if there was no moratorium?

Just to confirm, for Hire Purchases the loan is pushed back by 6 months with no additional interest charges whatsoever. But after the moratorium ends at month 6, does it mean I pay 6 months worth of HP payment at month 7 OR the loan tenure is pushed back by 6 months and on month 7 I pay the regular monthly payment until the end of the extended loan tenure?

No news from Affinbank either

Still no update from Affin

Thanks for the note, got it too. Understanding the FAQ from them correctly, there is absolutely no additional or extra charges/interest on the deferment. Only thing that happens is to start paying the usual monthly installment on October 2020 and the loan maturity period extended by 6 months, but final total payable amount is exactly the same.

Did you apply for this or?

I don't see the TnC for affinbank's hire purchase moratorium? They removed and waiting to update again? Lol