https://forum.lowyat.net/index.php?showtopic=4933724&hl=

My monthly repayment is 1.8K and i think i understand that this amount is total of principal amount + interest am i correct?

So let say i defer for 6 months and then on the 6th month i pay up all the previous 6 months in 1 shot. In this case there will not incur any extra interest other than the normal amount?
I'm still able to make the payment now but if possible i want to keep the money for in case emergency..

If you immediately dump all your monthly moratorium savings back into your loan on month 7 day 1 to reduce loan principal (net debt) then you will bring the loan principal back down to where it would have been if you never did anything, plus or minus pocket change.

There is a difference between a non-compounded interest accrued when you opt for moratorium, and a compounded interest savings made when you opt out and keep paying (because your month 2-6 interest will be lower and lower as you pay off principal). The difference is pocket change.

Also, putting your monthly moratorium savings into FD at 3% might give you an offsetting pocket income against above pocket change.

For a RM500,000 outstanding principal, we're talking about less than RM100 nett difference.

Sorry I don't get you question.

If you don't opt for the moratorium, then nothing changes, of course.

If you opt in.. the bank has two ways to cater to your higher loan amount now... They can increase monthly payment amount, increase your loan tenure, or both.

You cannot take the moratorium, get charged 6 months of interest, and expect to still maintain monthly amount and loan tenure.

Ringgit Plus comes out with a guide whether to take or not to take the deferment offer.

Malaysia Bank Moratorium: Why You Should Opt For The 6-Month Deferment For ALL Loans

https://ringgitplus.com/en/blog/loans/malay...sHy5bCveTADVnlg

It's a long article with 3 sections covering different types of credit facility. Happy reading!

Are you referring to Option 2 (A) : Pay the same monthly repayment, and extend loan tenure ?
Yes, I don't know how on earth Ringgitplus calculated a "Whopping" 21 months loan tenure extension.
My calculation pointing me to approximately 14 months extension under option 2 (A) in the article.

As to your claim that RHB can do 6 months extension only @ exact same monthly instalment with interest prioritization on the 7th month onwards.....No bro, it's not possible.

Hi guys I have a personal loan with RHB due 5/4, I called the customer care it says any loans 1/4 on wards no need to pay for 6 months. I just want to ask, due on 5/4 means the loan is for month of March right? Or it doesnt counted that way, need some guidance on this thanks!

in RHB Now it still stated 5th April, so just ignore and wait they update the dates?

Oh shit, i just paid today. My RHB loan due date is 4/4. So can I still opt in?

With or without moratorium, you can always make partial payment to reduce your outstanding loan balance. If yours is not a flexi loan, you need to notify your bank of your intention, otherwise your bank will account it as advance payment.
Based on RHB illustration
Outstanding balance RM280,585.00 @ 4.6% p.a.
Balance tenure 360 months @ RM1,439/mth.

My calculation based on payment as usual @ RMRM1,439 after the moratorium, the tenure will be extended to approximately 378 months.

Please check with RHB if there is any flaw in my calculation and please correct me if I'm wrong.

Sorry bro, even though monthly interest is not compounded, the normal interest is still accumulated right? So by not paying for the six months, you are actually accumulating full interest over that six months. Compared to if you continue paying for six months, your principal and interest is reduced.

This is true. But he is correct too.

if he put the full lump sum back into the loan later on after moratorium, everything goes back to square one.

This is only possible if RHB does not impose additional interests for month 7-12, which would be incredibly generous, since they are imposing interest even from month 1-6.

If your monthly repayment is 2k a month and out of that your nterest charges are 1.5k a month, then you accumulate 9k of interest over month 1-6.

If RHB wants you to pay off all interest in month 7-12, leaving your principal untouched, then it can only mean that you need to pay 9k of accrued interest plus 9k more in interest charged during month 7-12. That's 3k per month until all accrued interest is paid off, and then you can go back to your original loan schedule.. same amount, same tenure.

Note: above are rough calculations only to explain the idea.