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Breaking* BNM say no need to pay loans, for 6 months
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SUSCmyong88
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 Mar 25 2020, 01:23 AM
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QUOTE(wild_card_my @ Mar 24 2020, 09:56 PM) Yes still. interest will be accrued from what I was made to understand. While you do not need to pay them in the next 6 months, you will still end up paying them, albeit in the future This move is made to protect people's cashflow since many are not making much, if any income As per my explanation above, that was actually a valid question. Just because you do not need to pay the principal and interest, doesn't mean that the bank would eat the loss. The bank would just consider this a deferred revenue for them which they will collect (likely with interest on top of it) in the future (6 months from April) Hire purchase interest already calculated. How does this affect us and the bank? |
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Robin Hood
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Mar 25 2020, 01:31 AM
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Getting Started
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Good luck try to prove to them that u are affected. Naik turun bank just for this, if u really were affected then it's worth it to defer payment for 6 months, but if u slightly or not affected at all, stop wasting your time.
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azam_halim
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Mar 25 2020, 01:41 AM
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Bank dah tido...wait tomorrow lah, all call banks
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drug5
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Mar 25 2020, 01:45 AM
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Getting Started
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QUOTE(doomvein @ Mar 24 2020, 11:55 PM) ask them open scr888 account go fight there. haha Press phone no syok la don have the tak tak tak button sound |
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casio17
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Mar 25 2020, 01:53 AM
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My loans all auto-debit and SI.
How about that? For sure kene tolak punya kan next month?
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Noryume
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Mar 25 2020, 02:10 AM
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QUOTE(ed1torz @ Mar 24 2020, 10:02 PM) if you are infected automatically registered to kkm how hard to find the rest so long they have your IC? Affected and infected is 2 different things. Affected also mean if you have a paycut, no income and so on. Infected, yes you contract the virus. Now the article says affected. |
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SUSXXXOOOXXXOOO
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Mar 25 2020, 02:16 AM
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can i take car loans now ?
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fapman
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Mar 25 2020, 02:49 AM
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Getting Started
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So, conclusionnya no need to do anything & pay loan after 6 months or what?
Malas baca from the start. Huehuehue.
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ben3003
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Mar 25 2020, 06:23 AM
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QUOTE(ed1torz @ Mar 24 2020, 09:52 PM) only if you are directly affected 1. fired/terminated 2. unable to drive grabcar no income etc 3. etc... lanjiao... they automatic la.. only if u don wan to postpone u can go bank say u don wan |
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amidamaru
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Mar 25 2020, 06:31 AM
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Getting Started
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QUOTE(Robin Hood @ Mar 25 2020, 01:31 AM) Good luck try to prove to them that u are affected. Naik turun bank just for this, if u really were affected then it's worth it to defer payment for 6 months, but if u slightly or not affected at all, stop wasting your time. Its automatic for all. |
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SUSpundi
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Mar 25 2020, 06:32 AM
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tldr
its just forwarding the loan jer,still need to pay later...and interest countinue to add up
cc not included
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meteoraniac
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Mar 25 2020, 06:36 AM
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it can be complicated or easy
non complicated meaning ur payment schedule just +6 months
take it like a 'sabbatical' in ur payment, no additional interests..
complicated meaning the interests for the 6 months is then apportioned to the remaining terms
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bara bara api
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Mar 25 2020, 06:41 AM
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Getting Started
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Must have a catch one. That's why this thread is 13 pages long.
I haven't read the statement by BNM but will do later and will call them first thing tomorrow.
Things I care about this is:
1. does it accrue interest for 6 months starting 1st April if automatic moratorium
2. does it affect my CCRIS
3. do I need to apply or something (asking for an individual who is a NEET)
4. what's the catch?
Although some of you already mention it doesn't accrue interest, some say got. This shit gets complicated. There must be a catch somewhere.
t. not a financial/accounting major so no kecam please
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SUSSGLT2
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Mar 25 2020, 06:44 AM
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Getting Started
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Start when?
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ben3003
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Mar 25 2020, 06:47 AM
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QUOTE(bara bara api @ Mar 25 2020, 06:41 AM) Must have a catch one. That's why this thread is 13 pages long. I haven't read the statement by BNM but will do later and will call them first thing tomorrow. Things I care about this is: 1. does it accrue interest for 6 months starting 1st April if automatic moratorium 2. does it affect my CCRIS 3. do I need to apply or something (asking for an individual who is a NEET) 4. what's the catch? Although some of you already mention it doesn't accrue interest, some say got. This shit gets complicated. There must be a catch somewhere. t. not a financial/accounting major so no kecam please bnm say is automatically applies to all individual and SME borrowers. SO if it is automatic, why they can charge us accural interest without our consent? |
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langstrasse
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Mar 25 2020, 07:00 AM
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What about new loans?
If I buy a property today and apply for a new loan, will I still get the deferment?
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SUSEnterYourName
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Mar 25 2020, 07:15 AM
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Getting Started
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Lol u guys really think no accrual interest on your mortgage during this 6 months?
No accrual interest what bank eat?
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Nauts
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Mar 25 2020, 07:20 AM
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QUOTE(bara bara api @ Mar 25 2020, 06:41 AM) Must have a catch one. That's why this thread is 13 pages long. I haven't read the statement by BNM but will do later and will call them first thing tomorrow. Things I care about this is: 1. does it accrue interest for 6 months starting 1st April if automatic moratorium 2. does it affect my CCRIS 3. do I need to apply or something (asking for an individual who is a NEET) 4. what's the catch? Although some of you already mention it doesn't accrue interest, some say got. This shit gets complicated. There must be a catch somewhere. t. not a financial/accounting major so no kecam please Why would it affect CCRIS? CCRIS if you default on loans. This is for assistance. If it affects CCRIS, then BNM is not doing anything to help at all. |
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HafeesFadil
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Mar 25 2020, 07:21 AM
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Getting Started
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Anjir 13 page edi.
So now need applied or just automatic no need pay?
Come on.
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HafeesFadil
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Mar 25 2020, 07:21 AM
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Getting Started
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Anjir 13 page edi.
So now need applied or just automatic no need pay?
Come on.
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